{"component": "definition", "props": {"groups": [{"snippet": "means, at any time there is a Defaulting Lender, (a) with respect to the L/C Issuer, such Defaulting Lender\u2019s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swing Line Lender, such Defaulting Lender\u2019s Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "defaulting-lender", "type": "definition", "offset": [30, 47]}, {"key": "with-respect-to", "type": "clause", "offset": [53, 68]}, {"key": "the-l", "type": "clause", "offset": [69, 74]}, {"key": "applicable-percentage", "type": "clause", "offset": [110, 131]}, {"key": "other-lenders", "type": "clause", "offset": [280, 293]}, {"key": "cash-collateralized", "type": "definition", "offset": [297, 316]}, {"key": "in-accordance-with", "type": "definition", "offset": [317, 335]}, {"key": "the-terms", "type": "definition", "offset": [336, 345]}, {"key": "swing-line-lender", "type": "definition", "offset": [382, 399]}, {"key": "swing-line-loans", "type": "definition", "offset": [451, 467]}], "samples": [{"hash": "cp4sw3A0Wbd", "uri": "/contracts/cp4sw3A0Wbd#fronting-exposure", "label": "Credit Agreement (Novanta Inc)", "score": 37.3668720055, "published": true}, {"hash": "dWUhizFyHTn", "uri": "/contracts/dWUhizFyHTn#fronting-exposure", "label": "Credit Agreement (Gentherm Inc)", "score": 37.306640625, "published": true}, {"hash": "drgajx3EQiM", "uri": "/contracts/drgajx3EQiM#fronting-exposure", "label": "Credit Agreement (Saltchuk Resources, Inc.)", "score": 37.1697463989, "published": true}], "size": 1332, "hash": "85aeb68eb3c0039751bcb82321b6f6f9", "id": 1}, {"snippet": "means, at any time there is a Defaulting Lender that is a Revolving Lender, (a) with respect to the L/C Issuer, such Defaulting Lender\u2019s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Revolving Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender\u2019s Applicable Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Revolving Lenders or Cash Collateralized in accordance with the terms hereof.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "defaulting-lender", "type": "definition", "offset": [30, 47]}, 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"uri": "/contracts/9tDANqA6t77#fronting-exposure", "label": "Credit Agreement (Concrete Partners Holding, LLC)", "score": 37.0930862427, "published": true}], "size": 796, "hash": "c7a6e2be1b23a8f48bfc48fbf3e473e9", "id": 2}, {"snippet": "means, at any time there is a Defaulting Lender, with respect to the L/C Issuer, such Defaulting Lender\u2019s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "defaulting-lender", "type": "definition", "offset": [30, 47]}, {"key": "with-respect-to", "type": "clause", "offset": [49, 64]}, {"key": "the-l", "type": "clause", "offset": [65, 70]}, {"key": "applicable-percentage", "type": "clause", "offset": [106, 127]}, {"key": "other-lenders", "type": "clause", "offset": [276, 289]}, {"key": "cash-collateralized", "type": "definition", "offset": [293, 312]}, {"key": "in-accordance-with", "type": "definition", "offset": [313, 331]}, {"key": "the-terms", "type": "definition", "offset": [332, 341]}], "samples": [{"hash": "6tW8bBxySGA", "uri": "/contracts/6tW8bBxySGA#fronting-exposure", "label": "Credit Agreement (BGC Group, Inc.)", "score": 37.3668720055, "published": true}, {"hash": "ji0IUWuNgbu", "uri": "/contracts/ji0IUWuNgbu#fronting-exposure", "label": "Credit Agreement (Newmark Group, Inc.)", "score": 37.3011627197, "published": true}, {"hash": "zVvFZdtyww", "uri": "/contracts/zVvFZdtyww#fronting-exposure", "label": "Credit Agreement (Five Point Holdings, LLC)", "score": 36.8083496094, "published": true}], "size": 790, "hash": "7757eea5a0b93c1b8a475959b7391f5e", "id": 3}, {"snippet": "means, at any time there is a Defaulting Lender, (a) with respect to any Issuing Lender, such Defaulting Lender\u2019s Revolving Credit Commitment Percentage of the outstanding L/C Obligations with respect to Letters of Credit issued by such Issuing Lender, other than such L/C Obligations as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof and (b) with respect to the Swingline Lender, such Defaulting Lender\u2019s Revolving Credit Commitment Percentage of outstanding Swingline Loans other than Swingline Loans as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "defaulting-lender", "type": "definition", "offset": [30, 47]}, {"key": "with-respect-to", "type": "clause", "offset": [53, 68]}, {"key": "issuing-lender", "type": "clause", "offset": [73, 87]}, {"key": "revolving-credit-commitment-percentage", "type": "definition", "offset": [114, 152]}, {"key": "letters-of-credit", "type": "clause", "offset": [204, 221]}, {"key": "issued-by", "type": "clause", "offset": [222, 231]}, {"key": "other-lenders", "type": "clause", "offset": [371, 384]}, {"key": "cash-collateralized", "type": "definition", "offset": [388, 407]}, {"key": "in-accordance-with", "type": "definition", "offset": [408, 426]}, {"key": "the-terms", "type": "definition", "offset": [427, 436]}, {"key": "swingline-lender", "type": "definition", "offset": [472, 488]}, {"key": "swingline-loans", "type": "clause", "offset": [569, 584]}], "samples": [{"hash": "e6TcyTF3E3Z", "uri": "/contracts/e6TcyTF3E3Z#fronting-exposure", "label": "Fourth Amendment and Lender Joinder Agreement (SYNAPTICS Inc)", "score": 35.8884315491, "published": true}, {"hash": "rLUtOwTbEc", "uri": "/contracts/rLUtOwTbEc#fronting-exposure", "label": "Credit Agreement (SYNAPTICS Inc)", "score": 34.5852165222, "published": true}, {"hash": "9voIva9p8vk", "uri": "/contracts/9voIva9p8vk#fronting-exposure", "label": "Credit Agreement (SYNAPTICS Inc)", "score": 34.2046546936, "published": true}], "size": 364, "hash": "dead121d572b3d1f831710bd843d4fab", "id": 4}, {"snippet": "means, at any time there is a Defaulting Lender, (a) with respect to the L/C Issuer, such Defaulting Lender\u2019s Applicable Percentage of the Outstanding Amount of all outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swing Line Lender, such Defaulting Lender\u2019s Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders in accordance with the terms hereof.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "defaulting-lender", "type": "definition", "offset": [30, 47]}, {"key": "with-respect-to", "type": "clause", "offset": [53, 68]}, {"key": "the-l", "type": "clause", "offset": [69, 74]}, {"key": "applicable-percentage", "type": "clause", "offset": [110, 131]}, {"key": "outstanding-amount", "type": "definition", "offset": [139, 157]}, {"key": "other-lenders", "type": "clause", "offset": [306, 319]}, {"key": "cash-collateralized", "type": "definition", "offset": [323, 342]}, {"key": "in-accordance-with", "type": "definition", "offset": [343, 361]}, {"key": "the-terms", "type": "definition", "offset": [362, 371]}, {"key": "swing-line-lender", "type": "definition", "offset": [408, 425]}, {"key": "swing-line-loans", "type": "definition", "offset": [477, 493]}], "samples": [{"hash": "9iPG49C5mqG", "uri": "/contracts/9iPG49C5mqG#fronting-exposure", "label": "Credit Agreement (Cadence Design Systems Inc)", "score": 35.6201248169, "published": true}, {"hash": "fDYPWQsfdRS", "uri": "/contracts/fDYPWQsfdRS#fronting-exposure", "label": "Credit Agreement (Primo Water Corp /CN/)", "score": 35.5352516174, "published": true}, {"hash": "gEHHtqkcHOl", "uri": "/contracts/gEHHtqkcHOl#fronting-exposure", "label": "Credit Agreement (Cadence Design Systems Inc)", "score": 32.4962348938, "published": true}], "size": 355, "hash": "b10925cfe564aaa995cfd95146ceedce", "id": 5}, {"snippet": "means, at any time there is a Defaulting Lender, with respect to the Letter of Credit Issuer, such Defaulting Lender\u2019s Pro Rata Share of the outstanding Letter of Credit Liability other than the Letter of Credit Liability as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "defaulting-lender", "type": "definition", "offset": [30, 47]}, {"key": "with-respect-to", "type": "clause", "offset": [49, 64]}, {"key": "letter-of-credit-issuer", "type": "clause", "offset": [69, 92]}, {"key": "pro-rata-share", "type": "clause", "offset": [119, 133]}, {"key": "letter-of-credit-liability", "type": "clause", "offset": [153, 179]}, {"key": "other-lenders", "type": "clause", "offset": [308, 321]}, {"key": "cash-collateralized", "type": "definition", "offset": [325, 344]}, {"key": "in-accordance-with", "type": "definition", "offset": [345, 363]}, {"key": "the-terms", "type": "definition", "offset": [364, 373]}], "samples": [{"hash": "dlNiRtCAKKy", "uri": "/contracts/dlNiRtCAKKy#fronting-exposure", "label": "Revolving Credit Agreement (Oaktree Gardens OLP, LLC)", "score": 36.6386032104, "published": true}, {"hash": "66IoF3g46hp", "uri": "/contracts/66IoF3g46hp#fronting-exposure", "label": "Revolving Credit Agreement (Fortress Private Lending Fund)", "score": 36.5564689636, "published": true}, {"hash": "eDPoLeRJeNj", "uri": "/contracts/eDPoLeRJeNj#fronting-exposure", "label": "Revolving Credit Agreement (Fortress Private Lending Fund)", "score": 36.4277877808, "published": true}], "size": 253, "hash": "8ad21ab54a2f251c41aa80699fa7ad45", "id": 6}, {"snippet": "means, at any time there is a Defaulting Lender, (a) with respect to any L/C Issuer, such Defaulting Lender\u2019s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swing Line Lender, such Defaulting Lender\u2019s Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "defaulting-lender", "type": "definition", "offset": [30, 47]}, {"key": "with-respect-to", "type": "clause", "offset": [53, 68]}, {"key": "applicable-percentage", "type": "clause", "offset": [110, 131]}, {"key": "other-lenders", "type": "clause", "offset": [280, 293]}, {"key": "cash-collateralized", "type": "definition", "offset": [297, 316]}, {"key": "in-accordance-with", "type": "definition", "offset": [317, 335]}, {"key": "the-terms", "type": "definition", "offset": [336, 345]}, {"key": "swing-line-lender", "type": "definition", "offset": [382, 399]}, {"key": "swing-line-loans", "type": "definition", "offset": [451, 467]}], "samples": [{"hash": "MbsL6OADrc", "uri": "/contracts/MbsL6OADrc#fronting-exposure", "label": "Credit Agreement (Republic Services, Inc.)", "score": 34.1553726196, "published": true}, {"hash": "l0CGh8ei49y", "uri": "/contracts/l0CGh8ei49y#fronting-exposure", "label": "Credit Agreement (Plains All American Pipeline Lp)", "score": 32.6495552063, "published": true}, {"hash": "ermDx1D9Eob", "uri": "/contracts/ermDx1D9Eob#fronting-exposure", "label": "Credit Agreement (Plains Gp Holdings Lp)", "score": 32.6495552063, "published": true}], "size": 245, "hash": "2038084d086765482521478d9cb9488d", "id": 7}, {"snippet": "means, at any time there is a Defaulting Lender, with respect to any LC Issuing Bank, such Defaulting Lender\u2019s Commitment Percentage of the LC Outstandings with respect to Letters of Credit issued by such LC Issuing Bank other than LC Outstandings as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "defaulting-lender", "type": "definition", "offset": [30, 47]}, {"key": "with-respect-to", "type": "clause", "offset": [49, 64]}, {"key": "lc-issuing-bank", "type": "definition", "offset": [69, 84]}, {"key": "commitment-percentage", "type": "definition", "offset": [111, 132]}, {"key": "lc-outstandings", "type": "definition", "offset": [140, 155]}, {"key": "letters-of-credit", "type": "clause", "offset": [172, 189]}, {"key": "issued-by", "type": "clause", "offset": [190, 199]}, {"key": "other-lenders", "type": "clause", "offset": [334, 347]}, {"key": "cash-collateralized", "type": "definition", "offset": [351, 370]}, {"key": "in-accordance-with", "type": "definition", "offset": [371, 389]}, {"key": "the-terms", "type": "definition", "offset": [390, 399]}], "samples": [{"hash": "f0WjwIjr9mf", "uri": "/contracts/f0WjwIjr9mf#fronting-exposure", "label": "Credit Agreement (Midamerican Energy Co)", "score": 36.5893211365, "published": true}, {"hash": "aqxVse6y2ue", "uri": "/contracts/aqxVse6y2ue#fronting-exposure", "label": "Credit Agreement (Midamerican Energy Co)", "score": 36.5893211365, "published": true}, {"hash": "8aLJyj2dEYm", "uri": "/contracts/8aLJyj2dEYm#fronting-exposure", "label": "Credit Agreement (Midamerican Energy Co)", "score": 36.5893211365, "published": true}], "size": 216, "hash": "64c9a4d2b04693114e2ba2ca5656a617", "id": 8}, {"snippet": "means, at any time there is a Defaulting Lender, (a) with respect to the L/C Issuer, such Defaulting Lender\u2019s Pro Rata Share of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof and (b) with respect to the Swing Line Lender, such Defaulting Lender\u2019s Pro Rata Share of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "defaulting-lender", "type": "definition", "offset": [30, 47]}, {"key": "with-respect-to", "type": "clause", "offset": [53, 68]}, {"key": "the-l", "type": "clause", "offset": [69, 74]}, {"key": "pro-rata-share", "type": "clause", "offset": [110, 124]}, {"key": "other-lenders", "type": "clause", "offset": [273, 286]}, {"key": "cash-collateralized", "type": "definition", "offset": [290, 309]}, {"key": "in-accordance-with", "type": "definition", "offset": [310, 328]}, {"key": "the-terms", "type": "definition", "offset": [329, 338]}, {"key": "swing-line-lender", "type": "definition", "offset": [374, 391]}, {"key": "swing-line-loans", "type": "definition", "offset": [436, 452]}], "samples": [{"hash": "hs7oNjYpLI1", "uri": "/contracts/hs7oNjYpLI1#fronting-exposure", "label": "Credit Agreement (Medline Inc.)", "score": 36.8220405579, "published": true}, {"hash": "eKjlVQT0tIv", "uri": "/contracts/eKjlVQT0tIv#fronting-exposure", "label": "Credit Agreement (Medline Inc.)", "score": 36.8220405579, "published": true}, {"hash": "bwSGEnQBBoH", "uri": "/contracts/bwSGEnQBBoH#fronting-exposure", "label": "Credit Agreement (Medline Inc.)", "score": 36.8220405579, "published": true}], "size": 180, "hash": "80519c0bed4252b43ddf9db5b4b88c40", "id": 9}, {"snippet": "means, at any time there is a Defaulting Lender, with respect to any Issuing Bank, such Defaulting Lender\u2019s Revolving Facility Percentage of Revolving L/C Exposure with respect to Letters of Credit issued by such Issuing Bank other than such Revolving L/C Exposure as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "defaulting-lender", "type": "definition", "offset": [30, 47]}, {"key": "with-respect-to", "type": "clause", "offset": [49, 64]}, {"key": "issuing-bank", "type": "definition", "offset": [69, 81]}, {"key": "revolving-facility-percentage", "type": "definition", "offset": [108, 137]}, {"key": "letters-of-credit", "type": "clause", "offset": [180, 197]}, {"key": "issued-by", "type": "clause", "offset": [198, 207]}, {"key": "other-lenders", "type": "clause", "offset": [351, 364]}, {"key": "cash-collateralized", "type": "definition", "offset": [368, 387]}, {"key": "in-accordance-with", "type": "definition", "offset": [388, 406]}, {"key": "the-terms", "type": "definition", "offset": [407, 416]}], "samples": [{"hash": "6Qom5hJ1b0s", "uri": "/contracts/6Qom5hJ1b0s#fronting-exposure", "label": "Revolving Credit Agreement (Terawulf Inc.)", "score": 37.3477058411, "published": true}, {"hash": "15tXjNWflEV", "uri": "/contracts/15tXjNWflEV#fronting-exposure", "label": "Credit Agreement (Cipher Digital Inc.)", "score": 37.2272415161, "published": true}, {"hash": "arxj6kn6Qwv", "uri": "/contracts/arxj6kn6Qwv#fronting-exposure", "label": "Credit Agreement (Norwegian Cruise Line Holdings Ltd.)", "score": 36.058177948, "published": true}], "size": 177, "hash": "4ed1863608c469ea2e9b2133d8b40467", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIaZnJvbnRpbmctZXhwb3N1cmUjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Fronting Exposure", "snippet": "means, at any time there is a Defaulting Lender, (a) with respect to the L/C Issuer, such Defaulting Lender\u2019s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swing Line Lender, such Defaulting Lender\u2019s Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender\u2019s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.", "size": 9325, "id": "fronting-exposure", "examples": ["At any time that there shall exist a Defaulting Lender, within one (1) Business Day following the written request of the Administrative Agent or the Issuing Bank (with a copy to the Administrative Agent) the Borrower shall Cash Collateralize the Issuing Bank\u2019s <strong>Fronting Exposure</strong> with respect to such Defaulting Lender in an amount sufficient to cover the applicable <strong>Fronting Exposure</strong> (after giving effect to Section 2.16(a)(iv) and any Cash Collateral provided by the Defaulting Lender).", "At any time that there shall exist a Defaulting Lender, promptly upon the request of the Administrative Agent, an L/C Issuer or the Swing Line Lender, the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all <strong>Fronting Exposure</strong> (after giving effect to Section 2.16(a)(iv) and any Cash Collateral provided by the Defaulting Lender).", "If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, within three (3) Business Days following the written request of (i) the Administrative Agent or (ii) any Issuing Bank, as applicable (with a copy to the Administrative Agent), Cash Collateralize the Issuing Banks\u2019 <strong>Fronting Exposure</strong> in accordance with the procedures set forth in Section 2.05(j).", "So long as any Lender is a Defaulting Lender, (i) Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no <strong>Fronting Exposure</strong> after giving effect to such Swingline Loan and (ii) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no <strong>Fronting Exposure</strong> after giving effect thereto.", "If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, (A) first, prepay Swing Line Loans in an amount equal to the Swing Line Lender\u2019s <strong>Fronting Exposure</strong> and (B) second, Cash Collateralize the L/C Issuers\u2019 <strong>Fronting Exposure</strong> in accordance with the procedures set forth in Section 2.17.", "If the reallocation described in Section 2.21(a)(iv) cannot, or can only partially, be effected, the Borrowers shall, without prejudice to any right or remedy available to it hereunder or under law, FIRST, prepay Swingline Loans in an amount equal to Swingline Lender\u2019s <strong>Fronting Exposure</strong> and SECOND, Cash Collateralize Issuing Lender\u2019s <strong>Fronting Exposure</strong> in accordance with the procedures set forth in Section 2.20.", "At any time that there shall exist a Defaulting Lender, promptly following the written request of Administrative Agent or Issuing Bank (with a copy to Administrative Agent) Borrower shall Cash Collateralize Issuing Bank\u2019s <strong>Fronting Exposure</strong> with respect to such Defaulting Lender (determined after giving effect to Section 2.19(a)(iii) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.", "At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of Administrative Agent or any Issuing Lender (with a copy to the Administrative Agent), the Borrowers shall Cash Collateralize Issuing Lender\u2019s <strong>Fronting Exposure</strong> with respect to such Defaulting Lender (determined after giving effect to Section 2.21(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.", "To the extent that the amount of any Cash Collateral exceeds the aggregate amount of <strong>Fronting Exposure</strong> or other obligations giving rise thereto plus costs incidental thereto, and so long as no Default or Event of Default has occurred and is continuing, the excess shall be refunded to the Person that provided such Cash Collateral.", "So long as any Lender is a Defaulting Lender, the Issuing Banks shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no <strong>Fronting Exposure</strong> after giving effect thereto."], "related": [["applicable-fronting-exposure", "Applicable Fronting Exposure", "Applicable <strong>Fronting Exposure</strong>"], ["defaulting-lender-fronting-exposure", "Defaulting Lender Fronting Exposure", "Defaulting Lender <strong>Fronting Exposure</strong>"], ["l-c-exposure", "L/C Exposure", "L/C Exposure"], ["revolving-exposure", "Revolving Exposure", "Revolving Exposure"], ["commercial-lc-exposure", "Commercial LC Exposure", "Commercial LC Exposure"]], "related_snippets": [], "updated": "2026-05-17T04:23:05+00:00"}, "json": true, "cursor": ""}}