Common use of Determination of Amount Outstanding Clause in Contracts

Determination of Amount Outstanding. On each Quarterly Date and promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice, the Administrative Agent shall determine (A) the sum of the total Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans and (B) the aggregate Dollar Amount of all Syndicated Loans, Competitive Loans and Letters of Credit denominated in any Agreed Foreign Currency. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and the Company thereof.

Determination of Amount Outstanding. On each Quarterly Currency Valuation Date and promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice, the Administrative Agent shall determine (A) the sum of the total Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans and (B) the aggregate Dollar Amount LC Exposure in respect of all Syndicated Loans, Competitive Loans and Letters of Credit denominated in any Agreed Foreign CurrencyCurrencies. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and the Company AXIS Capital thereof.

Determination of Amount Outstanding. On each Quarterly Date and and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation NoticeNotice (as defined below), the Administrative Agent shall determine (A) the sum of the total Credit Exposures plus the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of outstanding Competitive Loans any Revolving 94 Revolving Credit and (B) the aggregate Dollar Amount of all Syndicated Loans, Competitive Loans and Letters of Credit denominated in any Agreed Foreign Currency. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and the Company thereof.Term Loan Agreement

Determination of Amount Outstanding. On each Quarterly Date and promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice, the Administrative Agent shall determine (A) the sum of the total Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans and (B) the aggregate Dollar Amount of all Syndicated Loans, Competitive Loans and Letters of Credit denominated in any Agreed Foreign Currency. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and the Company Borrower thereof.