Unutilized Total Revolving Commitment definition

Unutilized Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.
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Unutilized Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the sum of (x) the aggregate principal amount of all Revolving Loans then outstanding plus (y) the aggregate Letter of Credit Outstandings at such time.
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Unutilized Total Revolving Commitment means, at any time, (i) the Total Revolving Commitment at such time less (ii) the sum of the aggregate principal amount of all Revolving Loans and Swingline Loans at such time plus the Letter of Credit Outstandings at such time.
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Examples of Unutilized Total Revolving Commitment in a sentence

  • If on any date (after giving effect to any other payments on such date) the aggregate outstanding principal amount of Swing Line Loans exceeds the Unutilized Total Revolving Commitment as then in effect, the Borrower shall prepay on such date Swing Line Loans in an aggregate principal amount at least equal to such excess and conforming in the case of partial prepayments of Swing Line Loans to the requirements as to the amounts of partial prepayments which are contained in section 5.1.

  • If on any date (after giving effect to any other payments on such date) the aggregate outstanding principal amount of Swing Line Loans exceeds (A) the Unutilized Total Revolving Commitment as then in effect, the Borrowers shall prepay on such date Swing Line Loans in an aggregate principal amount at least equal to such excess, and/or (B) the Swing Line Commitment at such time, the Borrowers shall prepay on such date Swing Line Loans in an aggregate principal amount at least equal to such excess.

  • If Swing Line Loans Exceed Unutilized Total Revolving Commitment.

  • As noted, this shoreline is relatively rich, given the extent of debris remaining on the beach from the former dump.

  • After giving effect to the use of the proceeds of the initial Borrowings hereunder and giving effect to any Letters of Credit issued or deemed to be issued hereunder, the Unutilized Total Revolving Commitment shall be at least $80,000,000.

  • If on any date (after giving effect to any other payments on such date) the aggregate outstanding principal amount of Swing Line Loans exceeds the Unutilized Total Revolving Commitment as then in effect, the Borrowers shall prepay on such date Swing Line Loans in an aggregate principal amount at least equal to such excess and conforming in the case of partial prepayments of Swing Line Loans to the requirements as to the amounts of partial prepayments which are contained in section 5.1.

  • After giving effect to the Target Acquisition and the use of the proceeds of the initial Borrowings hereunder, the Unutilized Total Revolving Commitment shall be at least $70,000,000.

  • If on any date (after giving effect to any other payments on such date) the aggregate outstanding principal amount of Swing Line Loans exceeds (A) the Unutilized Total Revolving Commitment as then in effect, the Borrower shall prepay on such date Swing Line Loans in an aggregate principal amount at least equal to such excess, and/or (B) the Swing Line Commitment at such time, the Borrower shall prepay on such date Swing Line Loans in an aggregate principal amount at least equal to such excess.

  • If on any date (after giving effect to any other payments on such date) the aggregate outstanding principal amount of Swing Line Loans exceeds the Unutilized Total Revolving Commitment as then in effect, the Company shall prepay on such date Swing Line Loans in an aggregate principal amount at least equal to such excess and conforming in the case of partial prepayments of Swing Line Loans to the requirements as to the amounts of partial prepayments which are contained in section 5.1.

  • After giving effect to the Hi-Stat Acquisition and the use of the proceeds of the initial Borrowings hereunder, the Unutilized Total Revolving Commitment and the Borrowing Base shall be sufficient to permit at least $25,000,000 of additional Revolving Loans to be incurred hereunder.