Definition of Term Credit Exposure


Term Credit Exposure means, at any time, the aggregate principal amount of all Term Loans outstanding at such time. The Term Credit Exposure of any Term Lender at any time shall be its Term Loan Applicable Percentage of the total Term Credit Exposure at such time.
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Examples of Term Credit Exposure in a sentence

Subject to the terms and conditions set forth herein and in the applicable Term Loan Assumption Agreement, each Term Loan Lender agrees to make Term Loans to the Borrower on the Term Loan Funding Date in an aggregate principal amount that will not result in: (i) such Term Loan Lenders Term Credit Exposure exceeding such Term Loan Lenders Term Commitment and (ii) the total Term Credit Exposure exceeding the Aggregate Term Commitments.
Credit Exposure means, with respect to any Lender at any time, the sum of (i) such Lenders Term Credit Exposure at such time plus (ii) such Lenders Tranche I Revolving Credit Exposure at such time plus (iii) such Lenders Tranche II Revolving Credit Exposure at such time.
Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower on the Effective Date in an aggregate principal amount that will not result in (a) such Lenders Term Credit Exposure exceeding such Lenders Commitment or (b) the total Term Credit Exposures exceeding the total Commitments.
On the date hereof, the Borrower shall pay the Administrative Agent, for the ratable benefit of each Lender that has executed and delivered this Amendment prior to 10:00 a.m. (Central time) on the date hereof (each, a Consenting Lender), a waiver and amendment fee in an amount equal to 0.40% of each Consenting Lenders Term Credit Exposure as of the date hereof.
On the date hereof, the Borrower shall pay the Administrative Agent, for the ratable benefit of each Lender that has executed and delivered this Amendment prior to 10:00 a.m. (Central time) on the date hereof (each, a Consenting Lender), an amendment fee in an amount equal to 0.10% of the sum of (i) such Consenting Lenders Revolving Commitment, determined after giving effect to this Amendment, and (ii) such Consenting Lenders Term Credit Exposure as of the date hereof.