Aggregate Excess Funding Amount definition

Aggregate Excess Funding Amount of a Non-Funding Lender shall be the aggregate amount of (A) all unpaid obligations owing by such Lender to the Agents, L/C Issuers and other Lenders under the Loan Documents, including such Lender’s share of all Revolving Loans, Letter of Credit Obligations, plus, without duplication, (B) all amounts of Letter of Credit Obligations of such Non-Funding Lender reallocated to other Lenders pursuant to subsection 1.11(e)(ii).

Aggregate Excess Funding Amount has the meaning set forth in Section 1.11(e)(iv).

Aggregate Excess Funding Amount of a Defaulting Lender shall be the aggregate amount of (A) all unpaid obligations owing by such Lender to Agent, L/C Issuers, Swing Lender, and other Lenders under the Loan Documents, including such Lender’s pro rata share of all Revolving Loans, Letter of Credit Obligations and Swing Loans, plus, without duplication, (B) all amounts of such Defaulting Lender’s Letter of Credit Obligations and reimbursement obligations with respect to Swing Loans reallocated to other Lenders pursuant to Section 2.11(e)(ii).

Examples of Aggregate Excess Funding Amount in a sentence

• Agent shall be authorized to use all payments received by Agent for the benefit of any Non-Funding Lender pursuant to this Agreement to pay in full the Aggregate Excess Funding Amount to the appropriate Secured Parties.

• A Lender may cure its status as a Non-Funding Lender under clause (a) of the definition of Non-Funding Lender if such Lender fully pays to Agent, on behalf of the applicable Secured Parties, the Aggregate Excess Funding Amount, plus all interest due thereon.

• A Lender may cure its status as a Non-Funding Lender under clause (a) of the definition of Non-Funding Lender if such Lender (A) fully pays to Agent, on behalf of the applicable Secured Parties, the Aggregate Excess Funding Amount, plus all interest due thereon and (B) timely funds the next Revolving Loan required to be funded by such Lender or makes the next reimbursement required to be made by such Lender.

• Agent shall be authorized to use all portions of any payments received by Agent for the benefit of any Non-Funding Lender pursuant to this Agreement to pay in full the Aggregate Excess Funding Amount to the appropriate Secured Parties thereof.

• Following such payment in full of the Aggregate Excess Funding Amount, Agent shall be entitled to hold such funds as cash collateral in a non-interest bearing account up to an amount equal to such Non-Funding Lender’s unfunded Revolving Loan Commitment and to use such amount to pay such Non-Funding Lender’s funding obligations hereunder until the Obligations are paid in full in cash, all Letter of Credit Obligations have been discharged or cash collateralized and all Commitments have been terminated.

More Definitions of Aggregate Excess Funding Amount

Aggregate Excess Funding Amount of a Defaulting Lender shall be the aggregate amount of all unpaid obligations owing by such Lender to Agent, and other Lenders under the Loan Documents.

Aggregate Excess Funding Amount of a Non-Funding Lender shall be the aggregate amount of (A) all unpaid obligations owing by such Lender to the Administrative Agent, L/C Issuers, Swingline Lender, and other Lenders under the Loan Documents, including such Lender’s pro rata share of all Revolving Loans, L/C Obligations, Swing Loans, plus, without duplication, (B) all amounts of such Non-Funding Lender’s L/C Obligations and reimbursement Obligations with respect to Swing Loans reallocated to other Lenders pursuant to Section 2.2(c)(ii).

Aggregate Excess Funding Amount means the sum of the amounts on deposit in the Excess Funding Account (General) and the Excess Funding Account (SRC).

Aggregate Excess Funding Amount. 1.11(e)(iv) “Agreement” Preamble

Aggregate Excess Funding Amount has the meaning specified in Section 2.21(c).

Aggregate Excess Funding Amount. 1.11(e) “Borrower” Preamble “Borrower Materials” 9.10(d) “Control Agreement Availability” 4.11 “EBITDA” Exhibit 4.2(b) “Eligible Accounts” 1.13 “Eligible Inventory” 1.14 “Event of Default” 7.1 “Fee Letter” 1.9(a)

Aggregate Excess Funding Amount. 1.1(c) “Borrower” Preamble “Borrower Materials” 9.10(d) “Capital Expenditures Exhibit 4.2(b) “Cash Interest Coverage Ratio” Exhibit 4.2(b) “Communications Laws” 3.26(a) “Consolidated Adjusted EBITDA” Exhibit 4.2(b) “Credit Facility Leverage Ratio” Exhibit 4.2(b)