Utilization Margin definition

Utilization Margin has the meaning set forth in Section 3.4(b).
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Utilization Margin means the applicable amount set forth on the table below:
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Utilization Margin means (a) .10% at all times when the sum of the aggregate principal amount of all outstanding Loans and the aggregate amount of Facility Letter of Credit Obligations equals or exceeds 50% of the Aggregate Commitment and (b) 0% at all other times.
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Examples of Utilization Margin in a sentence

  • The accrued Utilization Margin shall be due and payable quarterly in arrears on each Interest Payment Date (as well as on any date that the Loan Commitment is reduced), beginning with the first of such dates to occur after the Closing Date.

  • Facility Fee; Utilization Margin; LC Fee; Reductions in Aggregate Commitment.............

  • Any change in the interest rate payable on the Offshore Rate Committed Loans (including, without limitation, the Applicable Utilization Margin) or in the Facility Fees payable under Section 2.12 resulting from a change in the Company’s senior unsecured long-term debt ratings shall become effective and shall apply to any such Loans then outstanding or to such fees as of the opening of business on the day on which such change in the Company’s debt ratings becomes effective.

  • At the end of paragraph (d) of Section 2.08 of the Credit Agreement, the phrase “the Base Rate plus 2%” is hereby changed to read “the Base Rate plus the Utilization Margin Adjustment plus 2%".

  • Commitment Fee; Utilization Margin; LC Fee; Reductions in Aggregate Commitment...........................................

  • CL&P's estimated cost of borrowing under such facility is 4.665%, which is comprised of the following components: Revolving Credit Facility Fee Rate Eurodollar Rate 3.790% Eurodollar Advance 0.750% Eurodollar Utilization Margin 0.125% Total 4.665% Response to Interrogatory EL-14, p.2. CL&P also maintains access to short-term funding through the NU System Money Pool at an estimated rate of 3.75% on borrowed amounts.

  • The Credit Agreement is hereby further amended to provide that (i) the Applicable Margin for Redemption Advances shall equal the Applicable Margin for Revolving Credit Advances plus the applicable Utilization Margin (as defined below); (ii) the Borrower shall have no right to repay the Redemption Advances unless all other Revolving Credit Advances have been repaid in full and (iii) the Borrower shall have no right to use the proceeds of any Advances for the purpose of repaying any Redemption Advance.


More Definitions of Utilization Margin

Utilization Margin means one percent (1%) per annum.
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Utilization Margin has the meaning set forth in Section 2.13.
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Utilization Margin is amended in its entirety to read as follows:
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Utilization Margin means the applicable amount set forth on the table below: Aggregate Principal Amount of Committed Advances to Finance Redemption of Borrower Preferred Stock Utilization Margin -------------------------------------- ------------------ Up to $75 million 0% Greater than $75 million and less 0.25% than $150 million $150 million or greater 0.50%
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Related to Utilization Margin

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • ABR Margin as defined in subsection 2.21.

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable ABR Margin means, at any date:

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the Facility Usage on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Margins means collectively the Applicable L/C Margin, the Applicable Unused Line Fee Margin, the Applicable Revolver Index Margin and the Applicable Revolver LIBOR Margin.

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 0.000% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 0.000% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 0.000% -------------------------------- ----------------------------- Level 6 Lower than Level 5 0.000% -------------------------------- -----------------------------

  • Utilization means public usage of the subway, bus, railroad

  • Applicable LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period:

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • Distribution Margin means the DPO’s share of revenue for the Distribution of Subscribed Channels to Subscribers and it does not include Carriage Fee. It will be calculated as twenty percent (20%) of the MRP of the Subscribed Channel(s), multiplied by the Monthly Average Subscriber Level.

  • Variation Margin means, in connection with an outstanding futures contract owned or sold by the Corporation, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract fluctuates.

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).