Competitive Loan Exposure definition

Competitive Loan Exposure means, with respect to any Lender at any time, the aggregate principal amount of the outstanding Competitive Loans of such Lender.
Competitive Loan Exposure means, with respect to any Lender at any time, the sum of (a) the aggregate principal amount of the outstanding Competitive Loans of such Lender denominated in US Dollars and (b) the sum of the US Dollar Equivalents of the aggregate principal amounts of the outstanding Competitive Loans of such Lender denominated in Designated Foreign Currencies.
Competitive Loan Exposure means, with respect to any Lender at any time, the sum of (a) the aggregate principal amount of the outstanding Competitive Loans of such Lender denominated in US Dollars and (b) the sum of the US Dollar Equivalents of the aggregate principal amounts of the outstanding Competitive Loans of such Lender denominated in currencies other than US Dollars.

Examples of Competitive Loan Exposure in a sentence

  • If the Borrower is required to provide an amount of cash collateral hereunder pursuant to Section 2.11(b), such amount (to the extent not applied as aforesaid) shall be returned to the Borrower as and to the extent that, after giving effect to such return, the Revolving Credit Exposure plus the Competitive Loan Exposure would not exceed the total Commitments and no Default shall have occurred and be continuing.

  • Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving Loans to the Company and the Borrowing Subsidiaries, denominated in US Dollars or Alternative Currencies, from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding its Commitment or (b) the sum of the total Revolving Credit Exposures plus the Competitive Loan Exposure exceeding the total Commitments.

  • Each Credit Event that increases any Revolving Credit Exposure or the Competitive Loan Exposure of any Lender shall be deemed to constitute a representation and warranty by the Company and each Borrower on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section.

  • The Borrowers have requested the Lenders to extend credit in the form of Commitments under which the Borrowers may obtain Revolving Loans from time to time on or after the Restatement Effective Date and prior to the Maturity Date in an aggregate principal amount at any time outstanding that will not result in the Revolving Credit Exposure, together with the total Competitive Loan Exposure, exceeding $2,000,000,000 (as such amount may be increased pursuant to Section 2.09(d)).

  • The Borrowers have requested the Lenders to extend credit in the form of Commitments under which the Borrowers may obtain Revolving Loans from time to time on or after the Restatement Effective Date and prior to the Maturity Date in an aggregate principal amount at any time outstanding that will not result in the Revolving Credit Exposure, together with the total Competitive Loan Exposure, exceeding $1,250,000,000.

  • Subject to the terms and conditions of this Agreement, each Borrower may borrow Competitive Loans in Dollars or an Alternative Currency from time to time during the Competitive Loan Borrowing Period on any Business Day, provided, that in no event may Competitive Loans be borrowed hereunder if, after giving effect thereto, the sum of the Aggregate Revolving Credit Exposure and the aggregate Competitive Loan Exposure then outstanding would exceed the Total Revolving Credit Commitment then in effect.

  • The Borrowers have requested the Lenders (such term and each other capitalized term used and not otherwise defined herein having the meaning assigned to it in Article I) extend credit in the form of Commitments under which the Borrowers may obtain Revolving Loans in an aggregate principal amount at any time outstanding that will not result in the Revolving Credit Exposure, together with the total Competitive Loan Exposure, exceeding $1,250,000,000.

  • Promptly after its receipt of a Competitive Bid Request that is not rejected as aforesaid, the Administrative Agent shall telecopy to the Lenders a Notice of Competitive Bid Request inviting the Lenders to bid, on the terms and conditions of this Agreement, to make Competitive Loans; provided that the sum of the total Standby Credit Exposure, the total L/C Exposure and the total Competitive Loan Exposure at any time shall not exceed the total Commitments.


More Definitions of Competitive Loan Exposure

Competitive Loan Exposure means, with respect to any Lender at any time, the sum of (a) the aggregate principal amount of all outstanding Competitive Loans denominated in Dollars made by such Lender and (b) the sum of the Dollar Equivalents of the principal amounts of all outstanding Competitive Loans denominated in Non-US Currencies made by such Lender, determined on the basis of the applicable Exchange Rates in effect on the respective dates of the Competitive Bid Requests pursuant to which such Competitive Loans were made.
Competitive Loan Exposure means, with respect to any Lender at any time, the sum at such time of the US Dollar Equivalents of the principal amounts of such Lender’s Competitive Loans outstanding at such time.
Competitive Loan Exposure means, at any time, with respect to any Lender, the aggregate principal amount of the Competitive Loans of such Lender outstanding at such time.
Competitive Loan Exposure means, at any time, the aggregate principal amount of Competitive Loans outstanding at such time. The Competitive Loan Exposure of any Lender at
Competitive Loan Exposure means, with respect to any Bank at any time, the aggregate principal amount of the outstanding Competitive Loans of such Bank." "'Credit Exposure' means, in respect of any Bank, the sum of such Bank's Revolving Credit Exposure and its Competitive Loan Exposure." "'Dollar Equivalent' means (a) as to any Loan denominated in dollars, the principal amount thereof, and (b) as to any Loan denominated in an Alternate Currency, the Dollar Equivalent of the principal amount thereof, determined by the Administrative Agent pursuant to Section 1.03(a) using the Exchange Rate with respect to such Alternate Currency at the time in effect." "'Exchange Rate' means, on any day, with respect to any Alternate Currency, the rate at which such Alternate Currency may be exchanged into dollars, as set forth at approximately 11:00 a.m., London time, on such date on the Reuters World Currency Page for such Alternate Currency. In the event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate shall be determined by reference to the.
Competitive Loan Exposure means, with respect to any Lender at any time, the sum of (a) the aggregate principal amount of the outstanding Competitive Loans of such Lender denominated in Dollars and (b) the Dollar Equivalent of the aggregate principal amount of the outstanding Competitive Loans of such Lender denominated in an Alternative Currency.

Related to Competitive Loan Exposure

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.