Average Utilization
means, for any calendar quarter, the average daily principal balance of all Extensions of Credit outstanding during such calendar quarter.
Average Utilization
means, for any period, the average total daily Revolving Exposure of all Lenders during such period. Average Utilization shall be calculated by the Administrative Agent and such calculations shall be presumed to be correct, absent manifest error.
Average Utilization
for any period, an amount, expressed as a percentage, equal to (a) the daily average Total Revolving Extensions of Credit for such period divided by (b) the daily average Total Commitments for such period.
Examples of Average Utilization in a sentence
Average Utilization is calculated by dividing the cost of Average Rental Equipment on rent by the total cost of Average Rental Equipment.
Average Utilization for the period is calculated using the average costs of the rental equipment.
Average Utilization and Cost figures, where appropriate, should be recalculated to assess the accuracy of figures included in Report #6 (A).
Upon deposit of such cash collateral as provided herein, such Bankers’ Acceptances shall not be considered to be outstanding for any purpose hereunder, including, without limitation, calculation of Average Utilization and availability under the Borrowing Limit.
See Average Utilization of the Nation’s Natural Gas, supra note 75 (“[T]he low cost of coal relative to natural gas until recent years favored the use of coal-fired generating units to fulfill baseload electricity demand, leading plant operators to run these units at rates close to their output capacity during peak demand hours.
More Definitions of Average Utilization
Average Utilization
means, for any period, an amount, expressed as a percentage, equal to (a) the daily average Total Revolving Facility Exposure for such period divided by (b) the daily average Total Revolving Facility Commitments for such period.
Average Utilization
means, with respect to any period, (a) the sum of Utilization for each day during such period divided by (b) the number of days in such period.
Average Utilization
means, for any calendar quarter, the average daily principal balance of Loans outstanding during such calendar quarter.
Average Utilization
means, for any Interest Period, the quotient expressed as a percentage obtained by dividing (a) the average daily Total Revolving Outstanding Amount by (b) the average daily Total Revolving Commitments for such Interest Period.
Average Utilization
means, for any period, an amount, expressed as a percentage, equal to (a) the daily average Aggregate Revolving Facility Exposure for such period divided by (b) the daily average Aggregate Revolving Facility Commitments for such period.
Average Utilization
means, for any period, the quotient, expressed as a percentage, of (a) the average daily Revolving Exposure of all Lenders divided by (b) the average daily Commitments.
