Unutilized Total Commitment definition

Unutilized Total Commitment means, at any time, the excess of (i) the Total Commitment at such time over (ii) the sum of (x) the aggregate principal amount of all Loans then outstanding plus (y) the aggregate Letter of Credit Outstandings at such time.

Unutilized Total Commitment means, at any time, the excess of (a) the Total Commitment at such time over (b) the Aggregate Revolving Facility Exposure at such time.

Unutilized Total Commitment means, at any time, the excess of (i) the Maximum Credit Facility Amount at such time over (ii) the Aggregate Credit Facility Exposure at such time.

Examples of Unutilized Total Commitment in a sentence

• At the time a Project becomes a Qualified Project, the Administrative Agent will notify the Borrower, the Guarantor and the Lenders thereof and of the portion of the Unutilized Total Commitment which the Administrative Agent is designating as the Reserved Portion of the Total Commitment for such Qualified Project.

• Upon at least five Business Days' prior notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent will promptly transmit to each of the Purchasers), the Issuers shall have the right, without premium or penalty, to terminate the Unutilized Total Commitment in whole or in part, in integral multiples of U.S.$5,000,000, provided that any such termination shall apply proportionately to reduce the Commitment of each Purchaser.

• VALUE Borrower shall not permit the aggregate Market Value of the Fleet at any time to be less than (i) 2.5 times the sum of (x) Consolidated Indebtedness, PLUS (y) the Available Unutilized Total Commitment.

• A new sentence is added at the end of section 2.1 of the Credit Agreement, reading in its entirety as follows: Notwithstanding anything to the contrary contained in this Agreement, the Borrower will not at any time permit the Unutilized Total Commitment to be less than the aggregate amount of the guarantees, if any, outstanding at such time under section 9.5(e).

• Upon at least five Business Days' prior notice to the Agent at its Notice Office (which notice the Agent shall promptly transmit to each of the Banks), the Borrower shall have the right, without premium or penalty, to terminate the Unutilized Total Commitment in whole or in part, in integral multiples of $5,000,000, provided that any such termination shall apply proportionately to reduce the Commitment of each Bank.

More Definitions of Unutilized Total Commitment

Unutilized Total Commitment means, at any time, the excess of (i) the Maximum Revolving/Canadian Facility Amount at such time over (ii) the sum of (A) the Aggregate Revolving Facility Exposure at such time, and (B) the Aggregate Canadian Sub-Facility Exposure at such time.

Unutilized Total Commitment means, at any time, the excess of (a) the Total Commitment at such time over (b) the aggregate principal amount of all outstanding Loans.

Unutilized Total Commitment means the sum of the Unutilized Commitments of each of the Banks.

Unutilized Total Commitment means, at any time, the excess of

Unutilized Total Commitment means, at any time, an amount equal to the remainder of (x) the Total Commitment at such time less (y) the sum of (I) the aggregate outstanding principal amount or Face Amount, as the case may be, of all Revolving Loans at such time (for this purpose, taking the Dollar Equivalent thereof in the case of Canadian Revolving Loans then outstanding) plus (II) the aggregate principal amount of all Swingline Loans then outstanding plus (III) the then aggregate amount of all Letter of Credit Outstandings plus (IV) the aggregate principal amount of all Competitive Bid Loans then outstanding.

Unutilized Total Commitment means the sum of the Unutilized Commitment of each of the Lenders.

Unutilized Total Commitment means the sum of the Unutilized Commitments of each of the Purchasers.