Aggregate Exposure of Cargill definition

Aggregate Exposure of Cargill means, on any day of determination, an amount, if any, equal to (i) the sum of the amounts which would be payable to Cargill if Cargill terminated each of the Goods and Services Agreements, plus (ii) the Related Project Exposure of Cargill, plus (iii) amounts payable (or, during the Concessionary Period, amounts due) to Cargill pursuant to the Grain Facility Lease, less (iv) amounts exclusively and irrevocably available to Cargill under letters of credit or cash deposits acceptable to Cargill. For clarification purposes, in calculating its exposure, Cargill may xxxx to market all open cash and futures positions.

Aggregate Exposure of Cargill means, on any day of determination, an amount, if any, equal to the sum of (i) the amount which would be payable to Cargill if such day were an Early Termination Date (as defined in the NAESB Agreement) declared as the result of an Event of Default (as defined in such NAESB Agreement) with respect to Producer and if a payment was due to Cargill pursuant to Section 10.3.1 of the NAESB Agreement; plus (ii) the amount which would be payable to Cargill if the Risk Management Transactions (as defined in the Gas Advisory Agreement) were terminated as of such day as the result of an Event of Default with respect to Producer and if a payment was due to Cargill pursuant to Section 6(e)(i) of the 1992 ISDA Master Agreement; plus (iii) the amount which would be payable to Cargill if the futures advisory services (as defined in the Corn Risk Management Agreement) were terminated as of such day as the result of a Producer Event of Default as calculated pursuant to Section 4 of the Corn Risk Management Agreement; plus (iv) (without duplication) the Purchase Price (as defined in the Corn Supply Agreement) and other amounts invoiced to Producer pursuant to the Principal Documents that would be due and owing to Cargill by Producer if the Principal Documents were terminated as a result of a Producer Event of Default; plus (v) the Related Project Exposure of Cargill; minus (vi) any cash collateral, letters of credit or similar security held by Cargill in accordance with the terms of the Goods and Services Agreements or the Related Goods and Services Agreements. For clarification purposes, in calculating its Aggregate Exposure, Cargill may xxxx to market all open cash and futures positions.

Aggregate Exposure of Cargill means, on any day of determination, an amount, if any, equal to the sum of the amounts which would be payable to Cargill if Cargill terminated the Corn Supply Agreement, the Corn Advisory Agreement, the NAESB Agreement, the Gas Supply Agreement, and the Risk Management Advisory Agreement, less amounts exclusively and irrevocably available to Cargill under letters of credit or cash deposits acceptable to Cargill, and plus the Related Project Exposure of Cargill. For clarification purposes, in calculating its Aggregate Exposure, Cargill may xxxx to market all open cash and futures positions.

Examples of Aggregate Exposure of Cargill in a sentence

Xxxx Deere Credit holds a security interest in aJolin Deere Tractor/Loader pursuant to a Loan Contract/Security Agreement dated April 9,2007 by and between DIRT Motor Sports, Inc.
It is the Parties’ intent that at no time will the Aggregate Exposure of Cargill exceed the amount owed by Cargill to Producer and the Related Producer Entities under the Goods and Services Agreements and the Related Goods and Services Agreements.

Related to Aggregate Exposure of Cargill

Aggregate Exposure with respect to any Lender at any time, an amount equal to (a) until the Closing Date, the aggregate amount of such Lender’s Commitments at such time and (b) thereafter, the sum of (i) the aggregate then unpaid principal amount of such Lender’s Term Loans and (ii) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding.
Aggregate Exposure Percentage with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.
Total Credit Exposure means, as to any Lender at any time, the unused Commitments and Revolving Credit Exposure of such Lender at such time.
Aggregate Outstanding Credit Exposure means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders.
Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.
Aggregate Revolving Exposure means, at any time, the aggregate Revolving Exposure of all the Lenders at such time.
Total Exposure means, for any Lender at any time, the sum of (i) the aggregate principal amount of all outstanding Loans of such Lender plus (ii) such Lender’s Applicable Percentage of the Letter of Credit Usage.
L/C Exposure at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, and (b) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time. The L/C Exposure of any L/C Lender at any time shall equal its L/C Percentage of the aggregate L/C Exposure at such time.
Facility Exposure means, at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Advances, plus (b) all Obligations of the Loan Parties in respect of Guaranteed Hedge Agreements, valued at the Agreement Value thereof.
Aggregate Credit Exposures means, at any time, the sum of (a) the unused portion of each Revolving Credit Commitment then in effect, (b) the unused portion of each Term Commitment then in effect and (c) the Total Outstandings at such time.
Aggregate Credit Exposure means, at any time, the aggregate Credit Exposure of all the Lenders at such time.
Total Revolving Credit Exposure means, at any time, the sum of the outstanding principal amount of all Lenders’ Revolving Loans, their LC Exposure and their Swingline Exposure at such time; provided, that clause (a) of the definition of Swingline Exposure shall only be applicable to the extent Lenders shall have funded their respective participations in the outstanding Swingline Loans.
Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.
Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.
Outstanding Credit Exposure means, as to any Bank at any time, the sum of (i) the aggregate principal amount of its Loans outstanding at such time, plus (ii) an amount equal to its Pro Rata Share of the LC Obligations at such time.
Swingline Exposure means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall be its Applicable Percentage of the total Swingline Exposure at such time.
Revolving Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender's Revolving Loans and its LC Exposure and Swingline Exposure at such time.
Revolving L/C Exposure of any Class shall mean at any time the sum of (a) the aggregate undrawn amount of all Letters of Credit applicable to such Class outstanding at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof) and (b) the aggregate principal amount of all L/C Disbursements applicable to such Class that have not yet been reimbursed at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof). The Revolving L/C Exposure of any Class of any Revolving Facility Lender at any time shall mean its applicable Revolving Facility Percentage of the aggregate Revolving L/C Exposure applicable to such Class at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standard Practices, International Chamber of Commerce No. 590, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.
Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.
Revolving Multicurrency Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Multicurrency Commitments.
Aggregate Outstandings means, at a particular time, the sum of (a) the Aggregate Letters of Credit Outstandings at such time and (b) the aggregate outstanding principal amount of all Revolving Credit Loans at such time.
Total Revolving Exposure means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time.
Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender's Loans at such time.
Swing Line Exposure means, at any time, the aggregate principal amount of all Swing Line Loans outstanding at such time. The Swing Line Exposure of any Lender at any time shall be its Applicable Percentage of the total Swing Line Exposure at such time.
Aggregate Expense Rate With respect to any Mortgage Loan, the sum of the Master Servicing Fee Rate, the applicable Servicing Fee Rate and the rate of any lender-paid Primary Mortgage Insurance Policy.
Total Exposure Amount means, on any date of determination (and without duplication), the outstanding principal amount of all Loans, the aggregate amount of all Letter of Credit Outstandings and the unfunded amount of the Commitments.