Utilization Percentage definition

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.

Utilization Percentage means, as of any time for the determination thereof, the percentage obtained by dividing the aggregate Outstanding Credits by the aggregate Commitments then in effect.

Utilization Percentage means, on any day, the percentage produced by dividing (a) the aggregate Revolving Credit Exposures by (b) the total Commitments, unless the Commitments shall have been terminated, in which case the Utilization Percentage shall be 100%.

Examples of Utilization Percentage in a sentence

• The Utilization Percentage with respect to the 2018 Utilization Threshold shall be calculated as the ratio of (x) aggregate Capital Draws made by the Recipient State under its HFA Participation Agreement as of December 31, 2018, to (y) such Recipient State’s Program Participation Cap as of such date.

• The Utilization Percentage with respect to the 2016 Utilization Threshold and the 2017 Utilization Threshold shall be calculated as the lesser of (I) the ratio of (x) aggregate Capital Draws made by the Recipient State under its HFA Participation Agreement as of December 31, 2016 and December 31, 2017, respectively, to (y) the Recipient State’s Rounds 1-4 Funding Allocation as of such dates, or (II) 100%.

• The Utilization Score for each Recipient State is calculated as (I)(x) the Utilization Percentage for such Recipient State, less (y) the mean Utilization Percentage for all Recipient States (“Average”), divided by (II) the standard deviation of the Utilization Percentages for all Recipient States.

• If a Recipient State’s Utilization Percentage is greater than the Average, the Utilization Score will be positive.

• If a Recipient State’s Utilization Percentage is less than Average, the Utilization Score will be negative.

More Definitions of Utilization Percentage

Utilization Percentage means, on any day, the ratio, stated as a percentage of the aggregate principal amount of the Total Outstandings to the Aggregate Revolving Commitments.

Utilization Percentage means, as determined quarterly for the preceding quarter, the average daily quotient obtained by dividing the Revolving Facility Usage during the preceding fiscal quarter by the lesser of (i) the Revolving Credit Commitments and (ii) the Borrowing Base.

Utilization Percentage means, as of any time for the determination thereof, the percentage obtained by dividing the aggregate principal amount of Loans outstanding by the Aggregate Revolving Credit Commitments then in effect.

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 Loan Limit in effect on such day.

Utilization Percentage means, for any computation period, the percentage equivalent of a fraction (a) the numerator of which is the aggregate average daily used amount of the Revolving Commitments during such period (as determined in accordance with paragraph (a) of Section 2.11) and (b) the denominator of which is the aggregate average daily amount of the Revolving Commitments for such period.

Utilization Percentage means, at any time, the percentage obtained by dividing (a) the Effective Amount at such time by (b) the Borrowing Base at such time.

Utilization Percentage shall have the meaning assigned thereto in Section 4(e).