Net Aggregate Exposure Commitment Amount definition
Net Aggregate Exposure Commitment Amount means, at any time on or after the Commitment Termination Date, an amount equal to the sum of (a) the Net Aggregate Exposure Amount and (b) the aggregate outstanding principal amount of all Advances made prior to the Commitment Termination Date at such time.
Examples of Net Aggregate Exposure Commitment Amount in a sentence
The Total Commitment (and the Commitment of each Lender) shall be automatically reduced to the Net Aggregate Exposure Commitment Amount at the close of each business day (New York City time) on and after the Commitment Termination Date and shall be automatically terminated on the first date following the Commitment Termination Date on which the Exposure Amount has been permanently reduced to zero, as set forth in a written notice from the Collateral Servicer to the Administrative Agent and the Trustee.