Utilization Condition definition

Utilization Condition means a condition that is satisfied if the Utilization is greater than or equal to the Required Utilization.
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Utilization Condition has the meaning set forth in Section 3.5.
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Utilization Condition means a condition that is satisfied if the Utilization is greater than or equal to the Required Utilization. “Utilization Shortfall” means, on any date of determination, the greater of (I) zero and (II) the difference between (i)(x) theRequired Utilization multiplied by (y) the aggregate Commitments on such day minus (ii) the aggregate principal amount of outstandingAdvances on such day.
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Examples of Utilization Condition in a sentence

  • If the Utilization Condition is not satisfied at any time during the Revolving Period, then the applicable Utilization Shortfall shall be deemed to bear interest on each day such condition is not satisfied at a rate per annum equal to the Applicable Margin.

  • We agree with AOG.The doctrine of collateral estoppel precludes relitigation of an issue that was already litigated and decided in a previous proceeding.

  • Kahurananga, Sikar and Mang’atinda, Rangeland Utilization, Condition and Carrying Capacity in Simanjiro District, 1996, p.

  • Also worrisome are the ads children are exposed to on various screens.

  • Relationship Between Active and Inactive Beaver Ponds with Black Duck and Other Waterfowl Brood Utilization Condition ofLocation of Broods of Six S pecies Broods/haPonds Used by Broods (Percent)Ponds With>33 Per cent Cover Beaver PondSource: Renouf (1972).

  • Institutional development projects are inherently difficult and long term in nature.

  • Primary Goal Attainment Contingency Table, by Utilization Condition 250 Table 14.


More Definitions of Utilization Condition

Utilization Condition means a condition that is satisfied if the Utilization is greater than or equal to the Required Utilization. “Utilization Shortfall” means, on any date of determination, the greater of (I) zero and (II) the difference between (i)(x) the
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Related to Utilization Condition

  • Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of an SWLF unit.

  • LC Conditions has the meaning given to such term in Section 2.9.

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Obstetric condition means a condition that is listed under Group T4 (Obstetrics) in the Medicare Benefits Schedule.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Payment Condition at any time of determination with respect to any Specified Transaction, that the following conditions are all satisfied: (x) (1) 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) and (2) the Specified Availability on the date of such Specified Transaction (divided by Availability as of such time of determination and expressed as a percentage), in each case exceed the applicable Availability Percentage (as defined below), (y) unless the Fixed Charge Condition (as defined below) is satisfied (to the extent applicable), the Parent Borrower shall be in Pro Forma Compliance with a minimum Consolidated Fixed Charge Coverage Ratio of at least 1.00:1.00 and (z) if reasonably requested by the Administrative Agent, the Borrower Representative shall have delivered to the Administrative Agent (i) a copy of calculations required by preceding clause (y) in reasonable detail and (ii) a calculation of Specified Unrestricted Cash. As used herein, the following terms shall have the following meanings: (i) “Availability Percentage” shall mean (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 12.5%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or (B) clause (c)(i) of the definition of “Permitted Acquisitions,” 10.0%; (c) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 12.5%; (d) in respect of any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b), 10.0%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 10.0%; and (ii) “Fixed Charge Condition” shall mean 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) exceeds: (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 17.5%; (b) in respect of any acquisition permitted pursuant to clause (c)(i) of the definition of “Permitted Acquisitions”, 15.0%; (c) in respect of any investment permitted pursuant to clause (u) of the definition of “Permitted Investments”, 15.0%; (d) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 15.0%; and (e) in respect of (A) any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b) or (B) any Asset Sale that would otherwise have to comply with Subsection 8.5, 15.0%.

  • Abnormal Market Conditions means conditions contrary to Normal Markets Conditions e.g. when there is low liquidity in the market or rapid price movements in the market or Price Gaps.

  • Release Condition means the following:

  • Performance Condition means a condition related to performance which is specified by the Committee under Rule 4.1 (Terms of grant);

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.