Foreign Currency LC Exposure definition
Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.
Foreign Currency LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed by or on behalf of the Foreign Subsidiary Borrowers at such time. The Foreign Currency LC Exposure of any Revolving Lender at any time shall be its Revolving Applicable Percentage of the total Foreign Currency LC Exposure at such time.
Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Equivalent of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Equivalent of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.
Examples of Foreign Currency LC Exposure in a sentence
For the purposes of this paragraph, the Foreign Currency LC Exposure shall be calculated using the applicable Exchange Rate on the date notice demanding cash collateralization is delivered to the Borrower.
More Definitions of Foreign Currency LC Exposure
Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time. “Foreign Currency Letter of Credit” means a Multicurrency Tranche Letter of Credit denominated in a Foreign Currency. “Foreign Currency Payment Office” of the Administrative Agent means, for each Foreign Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such currency as specified from time to time by the Administrative Agent to Parent and each Lender. “Foreign Lender” means any Lender that is not a “United States person” as defined in Section 7701(a)(30) of the Code.
Foreign Currency LC Exposure means at any time, the sum of (i) the U.S. Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding U.S. Foreign Currency Letters of Credit at such time plus (ii) the U.S. Dollar Amount of the aggregate amount of U.S. LC Disbursements in respect of U.S. Foreign Currency Letters of Credit that have not been reimbursed at such time. "U.S. FOREIGN CURRENCY LETTER OF CREDIT" means a U.S. Letter of Credit denominated in an Agreed Foreign Currency. "U.S. GAAP" means, at any time, generally accepted accounting principles as then in effect in the United States, applied on a basis consistent (except for changes with which the Parent Borrower's independent public accountants have concurred) with the most recent audited consolidated financial statements of the Parent Borrower and its Consolidated Subsidiaries previously delivered to the Lenders.
Foreign Currency LC Exposure means a Canadian Foreign Currency LC Exposure or a U.S. Foreign Currency LC Exposure.
Foreign Currency LC Exposure means, at any date of determination, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 2.06(k). For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.
Foreign Currency LC Exposure means a Revolving Foreign Currency LC Exposure and/or a Credit-Linked Foreign Currency LC Exposure, as the context may require.
Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and
Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at