Revolver Exposure definition

Revolver Exposure on any date, an amount equal to the sum of the (a) Revolver Loans outstanding on such date and (b) LC Obligations on such date.

Revolver Exposure means, with respect to any Revolver Lender at any time, the sum of the outstanding principal amount of such Revolver Lender's Revolver Loans and LC Exposure at such time.

Revolver Exposure as to any Bank at any date, an amount equal to the sum of (a) the aggregate amount of all Revolving Loans made by such Bank then outstanding, and (b) such Bank's Commitment Percentage of the Letter of Credit Obligations then outstanding.

Examples of Revolver Exposure in a sentence

• On each Reset Date, Agent shall determine the Dollar Equivalent of the Canadian Revolver Exposure.

• In no event shall Overadvance Loans be required that would cause (i) the Canadian Revolver Exposure to exceed the aggregate Canadian Revolver Commitments or (ii) the U.S. Revolver Exposure to exceed the aggregate U.S. Revolver Commitments.

• Canadian Overadvance Loan Balance: on any date, the amount by which the aggregate Canadian Revolver Exposure exceeds the amount of the Canadian Borrowing Base on such date.

• Notwithstanding anything to the contrary contained in this Section 2.1.1, in no event shall any Borrower be entitled to receive a Revolver Loan if at the time of the proposed funding of such Loan (and after giving effect thereto and the application of the proceeds thereof and all pending requests for Loans), the Total Revolver Exposure exceeds (or would exceed) the lesser of the Maximum Facility Amount and the Commitments.

• Notwithstanding anything to the contrary contained in this Section 2.1.1, in no event shall any Borrower be entitled to receive a Revolver Loan if at the time of the proposed funding of such Loan (and after giving effect thereto and all pending requests for Loans), the Total Revolver Exposure exceeds (or would exceed) the lesser of the Maximum Facility Amount and the Commitments.

More Definitions of Revolver Exposure

Revolver Exposure means, with respect to any Revolver Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Xxxxxx's Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolver Loans of such Lender.

Revolver Exposure means Revolver A Exposure or Revolver B Exposure, or any combination thereof (as the context requires).

Revolver Exposure with respect to any Lender with a Revolver Commitment at any time, the sum of (a) such Xxxxxx’s outstanding Revolver Loans and (b) such Xxxxxx’s participation interest in LC Obligations pursuant to Section 2.4.2(b) at such time.

Revolver Exposure means, the “Aggregate Revolving Exposure” as such term is defined in the Revolver Loan Agreement. “Revolver Lender” means, any Person party to the Revolver Loan Agreement as a lender. 28

Revolver Exposure means, with respect to each Revolver Bank and in respect of any Borrower, at any time, an amount equal to the sum of (i) the aggregate principal amount of the Revolving Loans of such Revolver Bank to such Borrower outstanding at such time and (ii) such Revolver Bank's LC Exposure at such time with respect to such Borrower.

Revolver Exposure means, the “Aggregate Revolving Exposure” as such term is defined in the Revolver Loan Agreement.

Revolver Exposure means, as to any Revolver Lender, such Revolver Lender’s US Revolver Exposure and Canadian Revolver Exposure.