Examples of Utilized Commitment in a sentence
For each day that the principal amount of outstanding Loans hereunder is equal to or shall exceed an amount equal to fifty percent (50%) of the then Aggregate Revolving Committed Amount, the Borrower shall pay to the Administrative Agent for the pro rata benefit of the Lenders, a per annum fee equal to one-eighth of one percent (.125%) on the Utilized Commitment for such day (the "Utilization Fees").
From the Restatement Date, Borrower shall pay to the Administrative Agent, for the account of the Banks according to their Pro Rata Shares, commitment fees equal to the product of (a) the per annum percentage set forth below opposite the Utilized Commitment set forth in the then most recently delivered Pricing Certificate times (b) the average daily Unused Commitment.
The Utilized Commitment shall be reduced by the aggregate amount so designated under this Section 2.7 as the Unutilized Commitment upon the effective date of each such designation.
For any portion of the Commitment Amounts under the Schedules (as such term is defined in the Schedules) utilized prior to the closing of the Next Round (“Utilized Commitment Amount”), the number of shares issuable hereunder shall be calculated by multiplying the Utilized Commitment Amount by 4.9% divide by an Exercise Price equal to $0.70 (“Exercise Price I”).
The remaining number of shares issuable hereunder shall equal the difference between the Commitment Amounts under the Schedules and the Utilized Commitment Amount multiplies by 4.9% divided by an Exercise Price equal to the Next Round price per share (“Exercise Price II”).