Examples of Revolving Facility Exposure in a sentence
All or any part of such Defaulting Lender’s participation in L/C Commitments shall be reallocated along the non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Facility Exposure of any non-Defaulting Lender to exceed such non-Defaulting Lender’s Revolving Facility Commitment.
If on any date (after giving effect to any other payments on such date) the Revolving Facility Exposure of any Lender exceeds such Lender’s Revolving Commitment, then, in the case of each of the foregoing, the Borrower shall, on such day, prepay on such date a principal amount of Revolving Loans in an amount sufficient to eliminate such excess.
On the effective date of any such additional Revolving Commitments, the Revolver Agent may take any and all action as may be reasonably necessary to ensure that, upon the effectiveness of such additional Revolving Commitments, (i) Revolving Loans made under such additional Revolving Commitments are included in each Borrowing of outstanding Revolving Loans on a pro rata basis and (ii) the Lender providing such additional Revolving Commitments shares ratably in the Aggregate Revolving Facility Exposure.
Immediately after giving effect to any such Credit Event after the Closing Date, the Aggregate Revolving Facility Exposure shall not exceed the Revolving Commitments then in effect.
Notwithstanding the foregoing, Tranche A Revolving Facility Loans shall not be made, unless, after giving effect to the Tranche B Revolving Facility Loans being made on such date, the Tranche B Revolving Facility Exposure is at least equal to the Tranche B Revolving Facility Commitment.