Total Committed Exposure definition
Total Committed Exposure means, with respect to any Bank at any time, the sum of (i) the aggregate principal amount of its Committed Loans then outstanding, (ii) its share of the undrawn amount which is then, or may thereafter become, available for drawing under each Letter of Credit then outstanding and (iii) its share of the principal amount of each unpaid Reimbursement Obligation then outstanding.
Examples of Total Committed Exposure in a sentence
Concurrently with each reduction of the Commitments pursuant to Section 2.12, the Company shall prepay Committed Loans, 39 46 in the manner provided in Section 2.11, to the extent (if any) required so that no Bank's Total Committed Exposure exceeds its Commitment as so reduced.