US Tranche Revolving Exposure definition

US Tranche Revolving Exposure means, with respect to any US Tranche Lender at any time, the sum at such time, without duplication, of (a) such Lender’s US Tranche Percentage of the sum of the principal amounts of the outstanding US Tranche Revolving Loans, plus (b) the aggregate amount of such Lender’s US Tranche LC Exposure and US Tranche Swingline Exposure at such time.

US Tranche Revolving Exposure means, as to any U.S. Tranche Revolving Lender at any time, (i) the Outstanding Amount at such time of such Lender’s U.S. Tranche Revolving Loans, plus (ii) the Outstanding Amount at such time of such Lender’s Bid Loans, plus (iii) the Outstanding Amount of such Lender’s participation in L/C Obligations with respect to U.S. Tranche Letters of Credit, plus (iv) the Outstanding Amount of such Lender’s participation in Swingline Loans, in each case, at such time.

US Tranche Revolving Exposure means, with respect to any US Tranche Lender at any time, the sum at such time, without duplication, of (a) such Lender's US Tranche Percentage of the sum of the US Dollar Equivalents of the principal amounts of the outstanding US Tranche Revolving Loans, plus (b) the aggregate amount of such Lender's LC Exposure.

Examples of US Tranche Revolving Exposure in a sentence

• A 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 Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the US Tranche Revolving Exposure shall not exceed the total US Tranche Revolving Commitments and (ii) the aggregate face amount of all outstanding Letters of Credit shall not exceed $25,000,000.

• A 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 Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the US Tranche Revolving Exposure shall not exceed the total US Tranche Revolving Commitments and (ii) the aggregate face amount of all outstanding Letters of Credit shall not exceed $50,000,000.

• Subject to the terms and conditions set forth herein, each US Tranche Lender agrees to make US Tranche Revolving Loans denominated in US Dollars to the Company from time to time during the US Tranche Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate US Tranche Revolving Exposures exceeding the aggregate US Tranche Commitments or (ii) the US Tranche Revolving Exposure of any Lender exceeding its US Tranche Commitment.

• In the event that at any time the aggregate amount of the US Tranche Revolving Exposure exceeds the US Tranche Revolving Commitments, the Company will forthwith make such repayments or prepayments of US Tranche Revolving Loans as shall be necessary to cause the aggregate amount of the US Tranche Revolving Exposure to no longer exceed the US Tranche Revolving Commitments.

More Definitions of US Tranche Revolving Exposure

US Tranche Revolving Exposure means U.S. Tranche Revolving A Exposure or U.S. Tranche Revolving B Exposure.

US Tranche Revolving Exposure means, with respect to any US Tranche Lender at any time, the sum at such time, without duplication, of

US Tranche Revolving Exposure means, at any time, the sum of (a) the aggregate principal amount of the US Tranche Revolving Loans outstanding at such time, (b) the LC Exposure at such time and (c) the Swingline Exposure at such time. The US Tranche Revolving Exposure of any Lender at any time shall be such Lender's US Tranche Percentage of the total US Tranche Revolving Exposure at such time.

US Tranche Revolving Exposure means, with respect to any US Tranche Lender at any time, the sum at such time, without duplication, of (a) such Lender's US Tranche Percentage of the sum of the US Dollar Equivalents of the principal amounts of the outstanding US Tranche Revolving Loans, plus (b) the aggregate amount of such Lender's LC Exposure. "US TRANCHE REVOLVING LOAN" means a Loan made by a US Tranche Lender pursuant to Section 2.01(a). Each US Tranche Revolving Loan denominated in US Dollars shall be a Eurocurrency Loan or an ABR Loan, and each US Tranche Revolving Loan denominated in a Designated Foreign Currency shall be a Eurocurrency Loan.

US Tranche Revolving Exposure means, with respect to any U.S. Tranche Lender at any time, and without duplication, the sum of (a) the Dollar Equivalent of the outstanding principal amount of such U.S. Tranche Lender’s U.S. Tranche Revolving Loans plus (b) the Dollar Equivalent of such U.S. Tranche Lender’s

US Tranche Revolving Exposure means, with respect to any U.S. Tranche Lender at any time, and without duplication, the sum of (a) the Dollar Equivalent of the outstanding principal amount of such U.S. Tranche Lender’s U.S. Tranche Revolving Loans plus (b) the Dollar Equivalent of such U.S. Tranche Lender’s U.S. Tranche LC Exposure plus (c) an amount equal to such U.S. Tranche Lender’s U.S. Tranche Percentage of the aggregate outstanding principal amount of Overadvances at such time that U.S. Tranche Lenders have purchased participations in pursuant to the terms hereof plus (d) an amount equal to such U.S. Tranche Lender’s U.S. Tranche Percentage of the aggregate outstanding principal amount of Protective Advances at such time that U.S. Tranche Lenders have purchased participations in pursuant to the terms hereof.

US Tranche Revolving Exposure means, at any time, the sum of (a) the aggregate principal amount of the US Tranche Revolving Loans outstanding at such time, (b) the US Tranche Share of the LC Exposure at such time and (c) the US Tranche Share of the Swingline Exposure at such time. The US Tranche Revolving Exposure of any Lender at any time shall be such Lender’s US Tranche Percentage of the total US Tranche Revolving Exposure at such time; provided that in the case of the Lender that is the Swingline Lender, its US Tranche Revolving Exposure shall be (i) determined without giving effect to clause (c) above and (ii) increased by the full amount of its Swingline Exposure determined in accordance with the definition of such term.