Common use of LC Exposure Clause in Contracts

LC Exposure. In the case of a Bank’s obligation to participate in Letters of Credit, as contemplated by Section 2.2(f) hereof, a fraction (a) the numerator of which is the amount of such Bank’s Letter of Credit Commitment on such date, and (b) the denominator of which is the aggregate amount of all Banks’ Letter of Credit Commitments on such date.

LC Exposure. In the case of a Bank’s obligation to participate in Letters of Credit, as contemplated by Section 2.2(f2.3(f) hereof, a fraction (a) the numerator of which is the amount of such Bank’s Letter of Credit Commitment on such date, and (b) the denominator of which is the aggregate amount of all Banks’ Letter of Credit Commitments on such date.

LC Exposure. In the case of a Bank’s obligation to participate in Letters of Credit, as contemplated by Section 2.2(f2.3(f) hereof, a fraction (a) the numerator of which is the amount of such Bank’s Letter of Credit Commitment on such date, and (b) the denominator of which is the aggregate amount of all Banks’ Total Letter of Credit Commitments Commitment on such date.

LC Exposure. In the case of a Bank’s 's obligation to participate in Letters of Credit, as contemplated by Section 2.2(f2.3(f) hereof, a fraction (a) the numerator of which is the amount of such Bank’s 's Letter of Credit Commitment on such date, and (b) the denominator of which is the aggregate amount of all Banks’ ' Letter of Credit Commitments on such date.