Direct Exposure definition
Direct Exposure has the meaning specified in Section 2.05 of this Agreement.
Direct Exposure has the meaning set forth in Section 2.14(c).
Direct Exposure. – means an exposure created when the person applying for a loan is the initial recipient or beneficiary of the loan proceeds or credit facility, is the primary signatory or a co-maker to the loan, and is the person to whom the bank and the courts will look first for repayment of the obligation.
Examples of Direct Exposure in a sentence
An anticipated 4 foot Direct Exposure Criteria layer of soils (i.e., a “cap”) will be placed on the Property’s developed parcels (Parcels 4 and 6) as part of the Phase A work.
More Definitions of Direct Exposure
Direct Exposure has the meaning set forth in Section 2.06 of this Agreement.
Direct Exposure means the sum of (x) obligations of the Borrower (i) under the Loan Documents, (ii) under the 1997 Loan Documents, (iii) under the Borrower Guaranties, and under any further loan documents entered into by and between the Borrower and the Bank or its affiliates plus (y) the Aggregate Transaction Market Value plus (z) the Aggregate Basic Collateral Amount.
Direct Exposure has the meaning specified in Section 2.06 hereof.
Direct Exposure means a Claimant had direct exposure, which occurred between January 1, 1965 and December 31, 1993, to asbestos-containing products or asbestos dust at the St. Croix Refinery. Proof of Direct Exposure requires the Claimant to demonstrate both Debtor Exposure and Occupational Exposure as follows:
Direct Exposure means as of any date of calculation the aggregate principal balance of all Loans and Non-Performing Assets as of such date to the extent not sold, participated or securitized as of such date, but does not include Guaranteed or Insured Portions, except for Direct Exposure Adjustments with respect thereto.