PENN » Topics » Unutilized R/C Commitment

This excerpt taken from the PENN 8-K filed Oct 4, 2005.
Unutilized R/C Commitment shall mean, for any Revolving Lender, at any time, the excess of such Revolving Lender’s Revolving Commitment at such time over the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Revolving Lender and (ii) such Revolving Lender’s L/C Liability at such time.

 

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