Utilized Credit definition

Utilized Credit means, at any time, without duplication, the sum of (i) the aggregate principal amount then outstanding on Revolving Credit Loans, (ii) the aggregate principal amount then outstanding on Swing Loans, plus (iii) the aggregate Letter of Credit Exposure, plus (iv) the aggregate amount of payment theretofore made by the Issuing Bank in respect to Letters of Credit and not theretofore reimbursed by the Borrower to the Issuing Bank or deemed a Revolving Credit Loan pursuant to Section 2.3(d).
Utilized Credit means, at any time, without duplication, the sum of (i) the aggregate principal amount then outstanding on Revolving Credit Loans, (ii) the aggregate principal amount then outstanding on Swing Loans, plus (iii) the aggregate Letter of Credit Exposure, plus (iv) the aggregate
Utilized Credit means, at any time, without duplication, the sum of (i) the aggregate principal amount then outstanding on Revolving Credit Loans, plus

Examples of Utilized Credit in a sentence

  • For this purpose the liquid Assets and Un- Utilized Credit facilities of Partners of Joint Venture/Consortium shall be considered together.

  • For this purpose the liquid Assets and Un- Utilized Credit facilities of Partners of Joint Venture/Consortium shall be considered together.Note: Liquid Assets and Credit facilities (Un-Utilized) are applicable independently for each package irrespective of the no.

  • The agricultural industry on Hawaii island has seen harsh realities in which many local farmers may decide to close shop for good.

  • Notwithstanding the foregoing, the aggregate undrawn face amount of all Letters of Credit at any time outstanding shall not exceed the aggregate Letter of Credit Commitments of all the Banks, and no Letter of Credit will be issued if immediately after such issuance the Utilized Credit would exceed the Borrowing Base then in effect.

  • Notwithstanding the foregoing, Borrower shall not be entitled to obtain a Loan(s) from a Bank and no Bank shall be permitted to make Loans to Borrower in an amount which, after giving effect to such Loan(s), would cause the Utilized Credit to exceed the Borrowing Base then in effect.

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  • The scale of50 this production is usually governed by the size of the LNG carrier and LNG storage volumes.


More Definitions of Utilized Credit

Utilized Credit means, at any time, without duplication, the sum of (i) the aggregate principal amount then outstanding on Revolving Credit Loans, plus (ii) the aggregate principal amount then outstanding on Swing Loans, plus (iii) the aggregate Letter of Credit Exposure, plus (iv) the aggregate amount of payment theretofore made by the Issuing Bank in respect to Letters of Credit and not theretofore reimbursed by the Borrower to the Issuing Bank or deemed a Revolving Credit Loan pursuant to Section 2.3(d).
Utilized Credit means, at the time in question, without duplication, an amount equal to the sum of (i) the aggregate principal amount then outstanding on Loans PLUS (ii) the aggregate LC Obligations then outstanding.

Related to Utilized Credit

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.

  • Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Liquidity Amount means, as of any date of determination, the sum of (a) the Aggregate Borrowing Availability as of such date and (b) the Unrestricted Cash Amount as of such date.

  • Affiliated Lender Cap has the meaning set forth in Section 10.07(l)(iii).

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class M...................4.25% Class B-1.................2.30% Class B-2.................1.50% Class B-3.................1.00% Class B-4.................0.55% Class B-5.................0.20%

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • Available Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Alternate Credit Facility means any irrevocable direct pay letter of credit, insurance policy or similar credit enhancement or support facility for the benefit of the Trustee, the terms of which Alternate Credit Facility shall in all respects material to the registered owners of the Bonds be the same (except for the term set forth in such Alternate Credit Facility) as those of the Letter of Credit.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • First Lien Credit Agreement means the Credit Agreement, dated as of the Closing Date, among Holdings, the Borrower, the guarantors party thereto, the lenders party thereto, the other parties from time to time party thereto, and the First Lien Administrative Agent.

  • Total Credit Exposure means, as to any Lender at any time, the unused Commitments, Revolving Credit Exposure and outstanding Term Loans of such Lender at such time.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Available Commitment means a Lender’s Commitment minus: