Definition of Term Exposure


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

Examples of Term Exposure in a sentence

Aggregate Term Exposure means, on any date, the aggregate principal amount of the Term Loans outstanding on such date.
Each US Lender agrees, severally (and not jointly) on a Pro Rata basis up to its US Term Commitment, on the terms set forth herein, to make US Term Loans in Dollars to US Borrowers on the Closing Date; provided, however, that, on the Closing Date, after giving effect to the making of the US Term Loans, (x) the Aggregate US Exposure shall not exceed US Maximum Borrowing Availability and (y) the US Term Exposure of any US Lender shall not exceed such US Lenders Term Commitment.
In the event of any such election to reduce the aggregate Term Exposure, Administrative Agent shall so notify the Lenders and each Lender's Pro Rata Share of the aggregate Term Exposure shall automatically be reduced by such Lender's Term Exposure of the total reduction in the aggregate Term Exposure requested by Borrower when such principal payment has been made by the Borrowers.2.6 [Reserved]2.7 Authorized Agents.
Term Lender" means a Lender with a Term Commitment or, if the Term Commitments have terminated or expired, a Lender with Term Exposure.
Each Lender agrees, severally on a Pro Rata basis up to its Term Commitment, on the terms set forth herein, to make a Term Loan to Borrower on the Closing Date; provided, however, that, on the Closing Date, after giving effect to the making of the Term Loans, (x) the Aggregate Exposure shall not exceed Maximum Borrowing Availability and (y) the Term Exposure of any Lender shall not exceed such Lenders Term Commitment.