Letter of Credit Exposure. If at any time the Letter of Credit Exposure exceeds the limits set forth in Section 2.3, the Borrower shall within three Banking Days pay the amount of such excess to the Agent for the account of the Lenders to be applied as provided in Section 4.6.
Letter of Credit Exposure. If at any time the Letter of Credit Exposure exceeds the limits set forth in Section 2.4, the Company will promptly pay the amount of such excess to the Administrative Agent for the account of the Revolving Lenders to be applied as provided in Section 4.4.
Letter of Credit Exposure. The sum of (a) the aggregate amount of all Reimbursement Obligations and (b) the aggregate undrawn amount under all outstanding Letters of Credit. The Letter of Credit Exposure of any Lender at any time shall mean its pro rata percentage of the aggregate Letter of Credit Exposure, based on the aggregate Commitments. Letter of Credit Fee. See Section 1.02.
Letter of Credit Exposure. From and after the Fourth Amendment Effective Date, the Letter of Credit Exposure shall be $0. Letter-of-Credit Subsidiary. See Section 7.04.
Letter of Credit Exposure. At any time, and with respect to any Borrower or CML, the sum of (a) the Maximum Drawing Amount with respect to all Letters of Credit issued at the request of such Borrower or, in the case of CML, any Borrower and (b) all Unpaid Reimbursement Obligations of such Borrower or, as the case may be, CML.
Letter of Credit Exposure. At any time, the sum of (a) the Maximum Drawing Amount with respect to all Letters of Credit, and (b) all Unpaid Reimbursement Obligations.
Letter of Credit Exposure. The definition of "Letter of Credit Exposure" in the Original Loan Agreement is hereby amended by inserting the following words after the words "reimbursed by Borrower": "plus (v) all amounts drawn under the Hansford Letter of Credit and nox xxxxxursed by Borrower or as otherwise provided herein."
Letter of Credit Exposure. On any date, the sum of (a) the aggregate face amount of all drafts that may then or thereafter be presented by beneficiaries under all Letters of Credit then outstanding, plus (b) the aggregate face amount of all drafts that the Letter of Credit Issuer has previously accepted under Letters of Credit but has not paid. Letter of Credit Exposure shall be allocated to each Lender in accordance with its Commitment Percentage therein.
Letter of Credit Exposure and the amount of any other outstanding letters of credit, except to the extent such Letter of Credit Exposure and other outstanding letters of credit represent unreimbursed drawings thereunder; provided that amounts excluded under this clause (a) shall not exceed -------- $75,000,000, and (b) contingent liabilities to repurchase accounts receivable pursuant to the Credit Card Agreements, to the extent such contingent liabilities constitute Debt), determined on a consolidated basis as of such date, divided by (ii) Adjusted EBITDA for the most recent period of four consecutive fiscal quarters of the Borrower ended on or prior to such date; provided that if the Acquisition or a Permitted Acquisition has occurred during -------- the period since the commencement of the period of four consecutive fiscal quarters for which such Adjusted EBITDA has been determined and on or prior to such date of determination, then such Adjusted EBITDA shall be determined on a pro forma basis
Letter of Credit Exposure. Any amounts to be distributed for application to a Lender's liabilities with respect to any Letter of Credit Exposure shall be held by the Collateral Agent in an interest bearing trust account (the "SPECIAL TRUST ACCOUNT") as collateral security for such liabilities until a drawing on any Letter of Credit, at which time such amounts, together with interest accrued thereon, shall be released by the Collateral Agent and applied to such liabilities. If any such Letter of Credit shall expire without having been drawn upon in full, the amounts held in the Special Trust Account with respect to the undrawn portion of such Letter of Credit, together with interest accrued thereon, shall be applied by the Collateral Agent in accordance with the provisions of subpart (c) above.
