Usage Percentage means the ratio, expressed as a percentage, of (i) the sum of (x) the average daily outstanding amount of Loans and (y) the undrawn face amount of all outstanding Letters of Credit, to (ii) the aggregate amount of the Lenders’ Commitments during such period.
Usage Percentage means, as of such date of determination, a percentage equal to (i) the Aggregate Outstanding Advances divided by (ii) the Aggregate Commitment as of such date.
Usage Percentage means, as of any date of determination, a percentage equal to (i) the daily average outstanding principal balance of all Advances during the related Interest Accrual Period divided by (ii) the Aggregate Commitments as of such date.
Examples of Usage Percentage in a sentence
The respective obligations of each Operator to furnish such locomotives shall be based, insofar as reasonably practicable, upon the Operator's CRC Train Usage Percentage during the calendar month preceding such request for the Shared Assets Area or Zone in which such locomotives are needed by CRC.
Base Bid) -SBE Usage Percentage X (.05 X Low Base Bid) = Evaluated BidSBE GoalPercentage shall be presumed to have met the requirement and may be recommended for award.
For example, if a detached laundry room serves two ICF facilities equally, the Facility Specific Usage Percentage would be 50%.
For purposes hereof and the calculation of the applicable Usage Percentage, Swingline Loans shall not be counted toward or be considered as usage of the Aggregate Revolving Commitments.
Hamner Public Library, and on the county website at www.ameliacova.com.
More Definitions of Usage Percentage
Usage Percentage means, with respect to any Interest Accrual Period, the fraction, expressed as a percentage, (i) the numerator of which is the daily average Committed VFN Principal Balance during such Interest Accrual Period, and (ii) the denominator of which is the daily average Maximum Committed VFN Principal Balance during such Interest Accrual Period.
Usage Percentage means, as of any date of determination, the percentage equal to the ratio of (a) Total Outstandings to (b) the Maximum Amount.
Usage Percentage means, as of any day, a percentage equal to (i) the Aggregate Outstanding Advances as of as of 5:00 P.M. (New York City time) on such day divided by (ii) the Aggregate Commitment as of 5:00 P.M. (New York City time) on such day; provided that for purposes of this definition, any Defaulting Lender shall be deemed to have fulfilled all of its funding obligations hereunder.
Usage Percentage means, for any applicable period of determination, the quotient (expressed as a percentage) of (x) the actual daily amount of the Outstanding Amount of Revolving Loans plus the Outstanding Amount of Letter of Credit Obligations, subject to adjustments as provided in Section 2.16, for such period, divided by (y) the Aggregate Revolving Commitments. For purposes of calculating the Usage Percentage hereunder, Swingline Loans shall not be included as Revolving Loans or otherwise be counted toward or be considered as usage of the Aggregate Revolving Commitments.
Usage Percentage means the percentage equal to (i) the Outstanding Amount of Revolving Obligations (excluding the amount of any then outstanding Swing Line Loans) divided by (ii) the Aggregate Revolving Commitments.
Usage Percentage means, on any date of determination, the number, expressed as a percentage, equal to (i) the sum of (A) the outstanding Aggregate Capital on such date plus (B) the LC Participation Amount on such date, divided by (ii) the Purchase Limit on such date.
Usage Percentage means, as of any date of determination, a percentage equal to (i) the aggregate principal amount of outstanding Loans and L/C Obligations at such time, divided by (ii) the Aggregate Commitment at such time (which, after the Commitments have been terminated shall be based on the aggregate of the Loans and L/C Obligations at such time). The credit ratings to be utilized for purposes of this Schedule are the ratings assigned to outstanding senior unsecured long-term debt securities of the Company without third party credit support. Ratings assigned to any obligation of the Company which is secured or which has the benefit of third party credit support shall be disregarded. The Applicable Margin shall be determined in accordance with the foregoing table based on the Company's Status as determined from its then-current Moody's and S&P Ratings. The credit rating in effect on any date for the purposes of this Schedule is that in effect at the close of business on such date. If at any time the Company has no Xxxxx'x Rating and no S&P Rating, Level V Status shall exist. Notwithstanding the foregoing, if at any time there exists a difference between the Xxxxx'x Rating and the S&P Rating, the rating corresponding to the higher of the two ratings shall apply; provided, however, that if the difference is greater than one level, the Status shall be determined based upon the rating one level above the lower of the two ratings. EXHIBIT A FORM OF NOTE __________,_______ __________________ For value received, [MASCO CORPORATION, a Delaware corporation] [MASCO EUROPE S.A.R.L., a company organized as a societe a responsabilite limitee under the laws of the Grand Duchy of Luxembourg, having its registered office at 00, Xxxx x'xxxxxxxx Xxxxxxx, X-0000 Xxxxxxxx and registered with the Luxembourg Register of Commerce and Companies under number B68.104] (the "Borrower"), promises to pay to the order of _____________ (the "Bank"), for the account of its Applicable Lending Office, the unpaid principal amount of each Loan made by the Bank to the Borrower pursuant to the Credit Agreement referred to below on the last day of the Interest Period relating to such Loan. The Borrower promises to pay interest on the unpaid principal amount of each such Loan on the dates and at the rate or rates provided for in the Credit Agreement. All such payments of principal and interest shall be made in the relevant Syndicated Currency at the relevant office of the Agent and as required under the Credi...