Definition of Term Loan Exposure


Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender's Term Loan Commitment.

Examples of Term Loan Exposure in a sentence

Additional Term Loan Exposure means, with respect to any Lender as of any date of determination, the outstanding principal amount of the Additional Term Loans of such Lender for a Series.
Such portion of the Waivable Mandatory Prepayment not payable due to the election by any Lender to waive rights to the Waivable Mandatory Prepayment shall be offered to the non-waiving Lenders, which shall have the right to receive their pro rata shares of any additional amounts of the Waivable Mandatory Prepayment waived by other Lenders; provided, however, that no Lender shall receive or be paid any amount in excess of such Lenders Term Loan Exposure.
If, at any time, the Revolving Credit Exposure shall be Zero Dollars ($0) and the Term Loan Exposure shall exceed the Borrowing Base, Borrowers shall, as promptly as practicable, but in no event later than the next Business Day, pay an aggregate principal amount of the Term Loan sufficient to bring the Term Loan Exposure within the Borrowing Base.
Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, from and after the First Amendment Effective Date and at any time prior to the making of the Term Loans on the First Amendment Effective Date, the Term Loan Exposure of any Lender shall be equal to the sum of such Lenders Term Loan Commitment and the outstanding principal amount of the Term Loans of such Lender.
5-Year Term Lender means a Lender having 5-Year Term Loan Exposure.