Outstanding Exposure definition

Outstanding Exposure means, at any time, the sum of (a) the aggregate then outstanding principal amount of the Loans and Letter of Credit Usage and (b) following any termination of the Lender Hedging Agreements upon the acceleration of the Loans in accordance with Section 7.2(a) of the Loan Agreement or the commencement of any Bankruptcy Proceeding by or against the Borrower, (i) any Hedging Termination Obligations then due to the Hedging Banks or (ii) as to any Hedging Bank that is prevented from terminating a Lender Hedging Agreement by the automatic stay or any other stay in any Bankruptcy Proceeding by or against the Borrower, the amount of any Hedging Termination Obligations that would have been then due to such Hedging Bank if such Lender Hedging Agreement had been terminated as of the commencement of such Bankruptcy Proceeding.
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Outstanding Exposure means, at any time, with respect to any Borrower, the then outstanding aggregate principal amount of the Loans by all DIP Lenders to such Borrower plus the then aggregate Letter of Credit Outstandings.
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Outstanding Exposure means, at any time, the sum of (a) the aggregate then outstanding principal amount of the Loans and Letter of Credit Usage and (b) following any termination of the Hedging Agreements upon the acceleration of the Loans in accordance with Section 7.2(a) of this Agreement or the commencement of any Bankruptcy Proceeding by or against the Borrower, (i) any Hedging Termination Obligations then due to the Hedging Banks or (ii) as to any Hedging Bank that is prevented from terminating a Hedging Agreement by the automatic stay or any other stay in any Bankruptcy Proceeding by or against the Borrower, the amount of any Hedging Termination Obligations that would have been then due to such Hedging Bank if such Hedging Agreement had been terminated as of the commencement of such Bankruptcy Proceeding; provided, that for the purpose only of determining the voting or approval rights of the Lenders under this Agreement and the other Loan Documents or in the context of the definition of "Required Lenders", if the Outstanding Exposure of Macquarie Bank Limited and its Affiliates as so calculated at any time exceeds 30% of the aggregate Outstanding Exposure, only that portion of such amounts held by Macquarie Bank Limited and its Affiliates as equals 30% of the aggregate Outstanding Exposure shall be included in such calculation.
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Examples of Outstanding Exposure in a sentence

  • With respect to their Loans or other Outstanding Exposure, the Agents shall have the same rights and powers under this Agreement as any other Financing Party and may exercise such rights and powers as though it were not the Administrative Agent or the Collateral Agent, as the case may be.

  • After giving effect to such Credit Event, the Outstanding Exposure with respect to all Borrowers will not exceed the Total Commitment or, solely if such Credit Event occurs prior to the Incremental Availability Date, the lesser of (i) the Total Commitment and (ii) $500,000,000.

  • If, after giving effect to the prepayment of all outstanding Loans, the Aggregate Outstanding Exposure exceed the Total Commitment then in effect, the Company shall Cash Collateralize the then Letters of Credit Outstanding in an amount equal to such excess.

  • If any Lender, whether by setoff or otherwise, has payment made to it upon its Outstanding Credit Exposure (other than payments received pursuant to Section 3.1, 3.2, 3.4 or 3.5) in a greater proportion than that received by any other Lender, such Lender agrees, promptly upon demand, to purchase a portion of the Aggregate Outstanding Credit Exposure held by the other Lenders so that after such purchase each Lender will hold its Pro Rata Share of the Aggregate Outstanding Exposure.

  • Solely if such Credit Event occurs on or after the First Delivery Date, after giving effect to such Credit Event, the Outstanding Exposure with respect to the Borrower requesting such Credit Event will not exceed such Borrower's Monthly Usage Limit applicable to the calendar month in which such Credit Event occurs.

  • The Company shall, on each date that a reduction in the Commitments or any change in any Exchange Rate or Exchange Rates causes the Total Exposure to exceed the Commitments, or Canadian Outstanding Exposure to exceed the Canadian Commitments, prepay, or cause to be prepaid, an aggregate principal amount of the Loans, L/C Obligations and Canadian L/C Obligations equal to such excess, together with the amounts, if any, due with respect thereto under Section 14.04.

  • The Revolving Credit Outstanding Exposure shall be paid in full by the Borrowers on the Revolving Loan Termination Date.

  • After giving effect to such Credit Event and subject to the proviso in Section 6.10(c), the Outstanding Exposure with respect to the Borrower requesting such Credit Event will not exceed (i) such Borrower's Borrowing Limit minus (ii) the Outstanding Permitted Inter-Group Debt of such Borrower's Borrower Group.

  • If on any Liquid Asset Coverage ---------------------------- Date the Aggregate Outstanding Exposure exceeds the Adjusted Liquid Asset Coverage Amount, the Company shall prepay the Advances (and/or provide cover for Letter of Credit Liabilities as specified in Section 2.05(d)) in an aggregate amount equal to such excess.

  • The Borrowers shall repay the Revolving Credit Loan on each date the Revolving Credit Outstanding Exposure exceeds the Revolving Commitment.


More Definitions of Outstanding Exposure

Outstanding Exposure means, at any time, the sum of (a) the aggregate then outstanding principal amount of the Loans and Letter of Credit Usage and (b) following any termination of the Hedging Agreements in accordance with this Agreement or the commencement of any Bankruptcy Proceeding by or against the Borrower, (i) all Hedging Termination Obligations then due to the Hedging Banks or (ii) as to any Hedging Bank that is prevented from terminating a Hedging Agreement by the automatic stay or any other stay in any Bankruptcy Proceeding by or against the Borrower, the amount of any Hedging Termination Obligations that would have been then due to such Hedging Bank if such Hedging Agreement had been terminated as of the commencement of such Bankruptcy Proceeding; provided, that for the purpose only of determining the voting or approval rights of the Lenders under this Agreement and the other Loan Documents or in the context of the definition of “Required Lenders,” if the Outstanding Exposure of Macquarie Bank Limited and its Affiliates as so calculated at any time exceeds 30% of the aggregate Outstanding Exposure, only that portion of such amounts held by Macquarie Bank Limited and its Affiliates as equals 30% of the aggregate Outstanding Exposure shall be included in such calculation.
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Outstanding Exposure means, with respect to any Bank at any time (and calculated in accordance with Section 1.04), the sum of (i) the aggregate principal amount of its Loans then outstanding and (ii) its Letter of Credit Exposure at such time. `Parent' means, at any time with respect to any Bank, any Person which at such time directly or indirectly owns securities or other ownership interests of such Bank having ordinary voting power to elect a majority of the board of directors of, or other Persons performing similar functions for, such Bank.
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Outstanding Exposure means, at any time, the sum of:
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Outstanding Exposure means, as to any Bank, the sum of (i) the aggregate Dollar Equivalent Amount of the principal amount of all outstanding Revolving Loans made by such Bank that are not Belgian Loans or Canadian Loans, plus (ii) such Bank's Borrowing Percentage of the aggregate Dollar Equivalent Amount of the principal or face amount of all outstanding Swing Line Loans, Belgian Loans that are not CA Loans and L/C Obligations; provided that, in the case of a Bank that is, or whose Affiliate is, a Canadian Lending Bank, the Outstanding Exposure of such Bank with respect to such Loans and L/C Obligations that arose while the Aggregate Non-Canadian Exposure equaled or exceeded the aggregate amount of the Non-Canadian Commitments shall be determined on the basis of such Bank's or Affiliate's Canadian Borrowing Percentage.
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Related to Outstanding Exposure

  • Revolving Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.

  • Outstanding Credit Exposure means, as to any Lender at any time, the sum of (i) the aggregate principal amount of its Revolving Loans outstanding at such time, plus (ii) an amount equal to its Pro Rata Share of the aggregate principal amount of Swing Line Loans outstanding at such time, plus (iii) an amount equal to its Pro Rata Share of the LC Obligations at such time.

  • L/C Exposure at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, and (b) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time. The L/C Exposure of any L/C Lender at any time shall equal its L/C Percentage of the aggregate L/C Exposure at such time.

  • Aggregate Revolving Exposure means, at any time, the aggregate Revolving Exposure of all the Lenders at such time.

  • Total Revolving Exposure means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time.