U.S. Credit Exposure definition

U.S. Credit Exposure means, as to any U.S. Revolving Lender at any time, the sum of (a) such Lender’s U.S. Revolving Exposure plus (b) such Lender’s Applicable Percentage of the aggregate amount of U.S. Protective Advances outstanding.

U.S. Credit Exposure means, as to any US Revolving Lender at any time, the sum of (a) the outstanding principal amount of such US Revolving Lender’s US Revolving Loans, plus (b) an amount equal to its Applicable Percentage, if any, of the aggregate principal amount of US Protective Advances outstanding at such time, plus (c) such US Revolving Lender’s US LC Exposure and US Swingline Exposure at such time.

U.S. Credit Exposure means, for any U.S. Lender at any time, the aggregate U.S. Outstanding Amount of all U.S. Committed Loans (other than U.S. Fronting Loans) of such U.S. Lender plus such U.S. Lender’s Applicable Tranche Percentage of the U.S. Outstanding Amount of all U.S. L/C Obligations and all U.S. Swing Line Loans plus, as to any U.S. Non-Qualified Lenders, the U.S. Outstanding Amount of such U.S. Lender’s participation in all applicable U.S. Fronting Loans.

Examples of U.S. Credit Exposure in a sentence

• A U.S. Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit, the U.S. Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the U.S. L/C Exposure shall not exceed U.S.$10,000,000 and (ii) the aggregate U.S. Credit Exposure shall not exceed the Total U.S.

• If the commitment of each U.S. Lender to make U.S. Loans and the obligation of each U.S. L/C Issuer to make U.S. L/C Credit Extensions have been terminated pursuant to Section 6.2.1 or 12.2 or if the U.S. Aggregate Commitments have expired, then the Applicable Tranche Percentage of such U.S. Lender shall be the percentage (carried out to the ninth decimal place) of the U.S. Total Outstandings represented by such U.S. Lender’s U.S. Credit Exposure.

• A U.S. Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit the U.S. Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the U.S. L/C Exposure shall not exceed U.S.$25,000,000 and (ii) the aggregate U.S. Credit Exposure shall not exceed the Total U.S. Commitment.

• In the setting of distributed computing it is common to assume that parties are not restricted in the use of given primitives.

• Subject to the terms and conditions set forth herein, each U.S. Lender agrees to make U.S. Loans in Dollars to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in such Lender’s U.S. Credit Exposure exceeding such Lender’s U.S. Commitment.

More Definitions of U.S. Credit Exposure

U.S. Credit Exposure means, with respect to any U.S. Lender at any time, the aggregate principal amount at such time of all outstanding U.S. Loans of such U.S. Lender, plus the aggregate amount at such time of such U.S. Lender's U.S. L/C Exposure.

U.S. Credit Exposure means, for any U.S. Lender at any time, the aggregate U.S. Outstanding Amount of all U.S. Loans (other than U.S. Fronting Loans) of such U.S. Lender plus, as to any U.S. Non-Qualified Lenders, the U.S. Outstanding Amount of such U.S. Lender’s participation in all applicable U.S. Fronting Loans.

U.S. Credit Exposure means, as to any U.S. Revolving Lender at any time, the sum of (a) such Lender’s U.S. Revolving Exposure plus (b) such Lender’s Applicable Percentage of the aggregate amount of U.S. Overadvances and U.S. Protective Advances outstanding.

U.S. Credit Exposure means, with respect to any Lender at any time, the sum of the Equivalent Amount of the outstanding principal amount of such Lender’s U.S. Loans and its U.S. LC Exposure and U.S. Swingline Exposure at such time.

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

U.S. Credit Exposure means, for any U.S. Lender at any time, the aggregate U.S. Outstanding Amount of all U.S. Committed Loans (other than

U.S. Credit Exposure means, for any U.S. Lender at any time, the aggregate U.S. Outstanding Amount of all U.S. Committed Loans (other than U.S. Fronting Loans) of such U.S. Lender plus such U.S. Lender’s Applicable Tranche Percentage of the U.S. Outstanding Amount of all U.S. L/C Obligations and all U.S. Swing Line Loans plus, as to any U.S. Non-Qualified Lenders, 48 Global Senior Credit Agreement the U.S. Outstanding Amount of such U.S. Lender’s participation in all applicable U.S. Fronting Loans.