Definition of Term B Loan Exposure


Term B Loan Exposure means, with respect to any Lender as of any date of determination, the Term B Funded Loan Exposure and the Term B Delayed Draw Loan Exposure of such Lender on such date.

Examples of Term B Loan Exposure in a sentence

Term B Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term B Loans of such Lender; provided, at any time prior to the making of the Term B Loans, the Term B Loan Exposure of any Lender shall be equal to such Lenders Term B Loan Commitment.
The 12-Month Delayed Draw Term B Loan Exposure of any 12-Month Delayed Draw Term B Lender at any time shall be the product of (x) such 12-Month Delayed Draw Term B Lenders Delayed Draw Facility Percentage and (y) the aggregate 12-Month Delayed Draw Term B Loan Exposure of all 12-Month Delayed Draw Term B Lenders, collectively, at such time.
The 18-Month Delayed Draw Term B Loan Exposure of any 18-Month Delayed Draw Term B Lender at any time shall be the product of (x) such 18-Month Delayed Draw Term B Lenders Delayed Draw Facility Percentage and (y) the aggregate 18-Month Delayed Draw Term B Loan Exposure of all 18-Month Delayed Draw Term B Lenders, collectively, at such time.