Maximum Exposure definition

Maximum Exposure means the HUF equivalent of the theoretical maximum amount of the Loan from time to time outstanding as detailed in the integral annex to the Multicurrency Loan Agreement and established by the Parties for specific intervals and accepted by the Bank and the Customer (the “Maximum Exposure”). The amount of the Maximum Exposure is determined by the Parties on the assumption that the total amount of the Loan will be drawn, and the Customer will meet its repayment obligation on the due dates specified in the Multicurrency Loan Agreement. In case it is agreed between the Bank and the Customer in the Multicurrency Loan Agreement, in the event the Customer fails to draw down the total amount of the Loan, the Bank shall have the right on the last day of the Period of Availability to decrease the amount of the Maximum Exposure from time to time in effect as specified by the Parties in the annex to the Agreement as follows: The Bank shall convert the amount of the Loan outstanding on the last day of the Period of Availability to HUF using the average of the MNB mean rates quoted over the 30 business days preceding the last day of the Period of Availability (rounded to the nearest HUF 5 amount), and divide the HUF amount so received plus an Exchange Rate Risk Reserve with the current amount of the Maximum Exposure then in effect. The Bank shall have the right to multiply the amount of the Maximum Exposure from time to time in effect as specified in the annex to the Agreement with this value on the last day of the Period of Availability, and to take into account the (decreased) amount so received as the amount of the Maximum Exposure from time to time in effect.

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Maximum Exposure means the maximum damage claim, without giving effect to the merits of the prima facie case or any defenses thereto, and in the case of a contingent claim, shall assume that the contingency will occur.

Maximum Exposure means 250 per cent. “Minimum Exposure” means 10 per cent.

Examples of Maximum Exposure in a sentence

• If Merchant initiates or attempts to initiate Entries which exceed the Maximum Exposure Limit, TransFirst shall suspend its Services and TransFirst shall initiate no additional Entries on behalf of Merchant until TransFirst receives the consent of the ODFI.

• If Merchant initiates or attempts to initiate Entries which exceed the Maximum Exposure Limit, TSYS shall suspend its Services and TSYS shall initiate no additional Entries on behalf of Merchant until TSYS receives the consent of the ODFI.

• TransFirst or its Third-Party Sender where applicable and the ODFI shall have the right to modify the Transaction Limit and Maximum Exposure Limit established for Merchant at any time upon providing Merchant written notice.

• Prior to or contemporaneous with the execution of this Agreement, TSYS or its Third-Party Sender where applicable and the ODFI shall review the financial and business history of Merchant and establish Merchant's Transaction Limit and Maximum Exposure Limit.

• TSYS or its Third-Party Sender where applicable and the ODFI shall have the right to modify the Transaction Limit and Maximum Exposure Limit established for Merchant at any time upon providing Merchant written notice.

More Definitions of Maximum Exposure

Maximum Exposure means with respect to any Seller, such Seller's Pro Rata Share of the sum of (i) Aggregate Net Cash minus (ii) the CanAmPac Proceeds plus (iii) the Final Purchase Price.

Maximum Exposure means the HUF equivalent of the theoretical maximum amount of the Loan from time to time outstanding as detailed in the integral annex to the Multicurrency Loan Agreement and established by the Parties for specific intervals and accepted by the Bank and the Customer (the “Maximum Exposure”). The

Maximum Exposure shall have the meaning set forth in the Loan Summary.

Maximum Exposure means, for any period, an amount equal to the maximum amount of the sum of (i) the principal amount of all outstanding Revolving Loans, (ii) the principal amount of all outstanding Swingline Loans, (iii) the Dollar Equivalent of the principal amount of all outstanding Canadian Dollar Loans and (iv) the Letter of Credit Outstandings, at any one time during such period.

Maximum Exposure shall have the meaning provided in the Additional Credit Agreement.

Maximum Exposure means the sum specified in schedule, as declared by the Insured related to the maximum amount at risk under the Guarantees.

Maximum Exposure for any Relevant Period means the amount of the highest Non-Collateralised Lessee Exposure determined for any date falling in that Relevant Period, as most recently determined in accordance with Clause 22;