Usage Percentage definition

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, 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 the ratio, expressed as a percentage, of (i) the sum of (x) the average daily outstanding amount of Revolving Loans (other than Swing Line Loans) and (y) the undrawn face amount of all outstanding Letters of Credit, to (ii) the aggregate amount of the Revolving Lenders’ Revolving Commitments during such period.

Examples of Usage Percentage in a sentence

• 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.

• Otherwise, the bidder who has the lowest evaluated bid based on the formula set forth below:(Base Bid) - SBE Usage Percentage X (.05 X Low Base Bid) SBE Goal Percentage = Evaluated Bid shall be presumed to have met the requirement and may be recommended for award.

• Otherwise the bidder who has the lowest evaluated bid based on the formula set forth below:( BaseBid ) −  SBE Usage Percentage x (.05 x Low Base Bid ) = Evaluated Bid  SBE Goal Percentage  shall be presumed to have met the requirement and may be recommended for award.

• The Personnel Action Form is the controlling document for the start of the 12-month period.

• The low bidder who meets the City’s participation goal for SBEs, shall be presumed to have met the requirement.b. Otherwise, the bidder who has the lowest evaluated bid based on the formula set forth below: (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.

More Definitions of Usage Percentage

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 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. The decimal equivalent of a fraction, determined with respect to a fiscal month, in which (a) the numerator is the aggregate of (i) the average unpaid principal balance of the Loan Account plus (ii) the average Stated Amount of all L/C's and Acceptances, and (b) the denominator is $250,000,000.00.

Usage Percentage means the quotient obtained by dividing the number of days in the Measurement Period by 365.