Used Commitment means at any date, with respect to the Bank, the sum of (A) the aggregate outstanding principal amount of the Advances, (B) the aggregate outstanding principal amount of the Letter of Credit Advances, and (C) the aggregate Undrawn Amounts.

Used Commitment shall have the meaning given to that term in clause (a) of the definition of “Unused” in Paragraph 1.01 hereof.

Used Commitment means the aggregate outstanding principal amount of Loans (but not including any Swingline Loans) hereunder plus the aggregate amount of LC Exposure hereunder.

Examples of Used Commitment in a sentence

Commencing as of the end of the first Fiscal Quarter after the first date that the Used Commitment is equal to or greater than $8,250,000 and continuing as of each Fiscal Quarter ending thereafter, the Borrower and its Consolidated Subsidiaries shall not permit the Consolidated Lease Adjusted Leverage to EBITDAR Ratio to exceed 3.35 to 1.
The Management may need a reasonable period of time to find a replacement.
Not later than two Business Days following the Closing Date, the Partnership shall pay to the Investors by wire transfer of immediately available funds to such account or accounts as the Investors shall designate prior to or on the Closing Date, an amount equal to 7.0% of the Used Commitment Amount (the “Put Premium”).
Commencing as of the end of the first Fiscal Quarter after the first date that the Used Commitment is equal to or greater than $8,250,000 and continuing as of each Fiscal Quarter ending thereafter, the Borrower and its Consolidated Subsidiaries shall maintain a Consolidated Fixed Charge Coverage Ratio of not less than 1.20 to 1.
On the Closing Date, the Partnership will issue such number of Common Units to the Investors as is equal in the aggregate to the Used Commitment Amount divided by the per share Tender Offer Purchase Price at a Purchase Price per Purchased Unit which shall be equal to the per share Tender Offer Purchase Price.

More Definitions of Used Commitment

Used Commitment means, with respect to any Revolving Credit Lender at any time, the sum of (a) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Xxxxxx (in its capacity as a Lender) and outstanding at such time and, without duplication, (b) such Lender’s Pro Rata Share of (i) the aggregate Available Amount of all Letters of Credit outstanding at such time, (ii) the aggregate principal amount of all Letter of Credit Advances made by the Issuing Bank pursuant to Section 2.03(d) and outstanding at such time and (iii) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(b) and outstanding at such time.

Used Commitment has the meaning set forth in the definition of "Commitment Utilization Percentage" in Section 1.01.

Used Commitment means, at any date, with respect to any Bank, the amount by which the Commitment of such Bank exceeds its Unused Commitment.

Used Commitment means on any day the aggregate outstanding principal amount of Loans.

Used Commitment means the aggregate outstanding principal amount of Loans hereunder.

Used Commitment as defined in the FIL Credit Agreement.