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) $26,000,000 increasing to $30,500,000 during the period from June 1, 1997 through September 30, 1997".
Credit Exposure. Credit exposure under this Agreement shall be the calculated pursuant to Exhibit C.
Credit Exposure. The second sentence of Section 2.01 of the Financing Agreement is hereby amended in its entirety to read as follows: "Notwithstanding the foregoing, the aggregate principal amount of Loans outstanding at any time to the Borrowers shall not exceed the lower of (i) the difference between (A) the Total Credit Exposure, and (B) the aggregate Letter of Credit Obligations, (ii) the difference between (A) the then current Borrowing Base and (B) the aggregate Letter of Credit Obligations, and (iii) $35,000,000 during the period from January 1, 1998 through April 30, 1998 and $30,000,000 during the period from May 1, 1998 through the Final Maturity Date."
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.
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 Section 2.1, (ii) the outstanding principal amount of all Mandatory Prime Rate Loans advanced by such Lender pursuant to Section 2.8(b) or Section 2.9(d), (iii) the outstanding principal amount of all participations purchased by such Lender pursuant to Section 2.8(c), Section 2.9(d) or Section 2.11(b), (iv) the outstanding principal amount of all Competitive Bid Loans advanced by such Lender pursuant to Section 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 Section 2.8(c) and (vi) such Lender's Commitment Percentage of the stated amount of each Letter of Credit issued under Section 2.9 which has not expired or terminated prior to the date of determination.
