Examples of Exposure Percentage in a sentence
Subject to the terms and conditions hereof, each Lender severally, and not jointly, agrees to make term loans (each, a “Loan”) in Dollars to the Borrower from time to time during the Commitment Period in an aggregate amount not exceeding the Commitment of such Lender, provided that, the aggregate amount of available Commitments to be borrowed from each Lender shall be reduced by reserves for an amount equal to such Lender’s Aggregate Exposure Percentage of the Carve-Out.
Any such prepayment shall be accompanied by a notice to each Lender specifying the aggregate amount of such prepayment and such Lender’s Aggregate Exposure Percentage of such prepayment.
The Borrower shall have the right, upon irrevocable notice delivered to each Lender no later than 12:00 noon (New York City time) three Business Days prior to the date such reduction is requested to be made, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments, which notice shall specify the date of such reduction, the aggregate amount of such reduction and such Lender’s Aggregate Exposure Percentage of such reduction.
Calculate the actual portion of trend to be applied from each one-year period with: Trend Factor = [1 + Trend](Trend Exposure Percentage) • The total trend factor is the product of all trend factors.
The Borrower agrees to pay to the Administrative Agent for the account of each Lender (on a pro rata basis based on each such Lender’s respective Aggregate Exposure Percentage) a closing fee on the Closing Date of $180,000.