Existing Exposure definition
Existing Exposure means as to any Bank, at any time, an amount equal to the sum of the aggregate principal amount of Tranche A Loans and Tranche B Loans made by such Bank then outstanding.
Existing Exposure means, in relation to an Original Creditor, the amount set out in Section A of Part II (The Original Creditors) of Schedule 1 (The Original Parties).
Examples of Existing Exposure in a sentence
On the terms and subject to the conditions hereinafter set forth, including Article III, the Finance Provider agrees to make advances to the Company (“Advances”) from time to time, solely during the Draw Period, in an aggregate principal amount such that, immediately after giving effect to the making of any Advance, (a) the sum of the Advances Outstanding and Rolls Outstanding does not exceed the Commitment Amount and (b) the Existing Exposure Amount does not exceed the Borrowing Limit.