Credit Exposure. No more than ten percent (10%) of the Borrower's Consolidated Net Worth shall be subject to credit risk from any single customer (including any Affiliate of such customer) unless such accounts receivable are supported by a letter of credit issued or confirmed by a financial institution acceptable to the Agent.
Credit Exposure. The Administrative Agent shall be reasonably satisfied that after the making of the Advances, the application of the proceeds thereof and after giving effect to the other transactions contemplated hereby, the aggregate amount of Credit Exposure under the Agreement outstanding on the Closing Date shall not exceed the lesser of (i) $125,000,000 and (B) the initial Borrowing Base in effect on the Closing Date as set forth in Section 2.02(a).
Credit Exposure. 27 ICP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Indemnitees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Credit Exposure. With respect to each Lender as of any date of determination, the sum, without duplication, of the following: (i) the outstanding principal amount of all Loans advanced by such Lender under §2.1, (ii) the outstanding principal amount of all Mandatory Base Rate Loans advanced by such Lender pursuant to §2.8(c)(i) or §2.9(c)(i), (iii) the outstanding principal amount of all participations purchased by such Lender pursuant to §2.8(c)(ii) or §2.9(c)(iii), (iv) the outstanding principal amount of all Competitive Bid Loans advanced by such Lender pursuant to §2.10(k), (v) such Lender’s Commitment Percentage of all outstanding Swingline Loans, except any Swingline Loan in which a participation has been purchased therein by such Lender pursuant to §2.8(c)(ii) and (vi) such Lender’s Commitment Percentage of the stated amount of each Letter of Credit issued under §2.9 which has not expired or terminated prior to the date of determination.
Credit Exposure. Section 2.01 of the Financing Agreement is --------------- hereby amended by deleting clause (iii) thereof in its entirety and substituting in lieu thereof"(iii) $34,000,000 prior to April 1, 1998 and $30,000,000 thereafter."
Credit Exposure. Throughout the Term, the Credit Exposure shall be equal to: (i) the number of Tranches awarded to the BGS-LRTP Supplier in the Auction, as specified in Appendix A, multiplied by (ii) the number of whole calendar months remaining in the Delivery Period, multiplied by (iii) $5,000.
Credit Exposure. 14 Falcon .........................................................2 FNBC .........................................................1 Indenture .........................................................1
Credit Exposure. All accrued commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Credit Extensions hereunder.
Credit Exposure. Anything in this Agreement to the --------------- contrary notwithstanding, the aggregate Credit Exposure shall not at any time exceed $75,000,000. If at any time the Credit Exposure shall exceed $75,000,000 and such excess shall be attributable to Unpaid Drawings, NLC shall immediately pay such Unpaid Drawings in an amount at least equal to such excess. Upon any termination of this Agreement pursuant to Section 4.2 hereof, NLC shall immediately (x) pay all Unpaid Drawings and (y) provide cash collateral pursuant to such arrangements as are satisfactory to HFS in an amount not less than the Guaranty Exposure at such time.
Credit Exposure. Commerce Energy shall maintain a Credit Exposure Ratio of 1.00 or greater. For purposes of this Agreement, “Credit Exposure Ratio” shall mean the Credit Amount divided by the TPS Actual Credit Exposure. For purposes of this Agreement, the “TPS Actual Credit Exposure” shall mean (i) 100% of the amounts that have been billed by TPS to Commerce Energy under the Energy Agreements and Assigned Agreements which remain unpaid, plus (ii) 100% of unbilled amounts of energy delivered by TPS to Commerce Energy under the Energy Agreements and Assigned Agreements, plus (iii) 100% of amounts of energy TPS has committed to deliver to Commerce Energy, but has yet to deliver to Commerce Energy for the balance of the current month, plus (iv) 100% of TPS’s estimate of unbilled settlement charges incurred by TPS under the QSE Agreement.
