Aggregate Revolving Facility Exposure definition

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Aggregate Revolving Facility Exposure means, at any time, the sum of (i) the Dollar Equivalent of the principal amounts of all Revolving Loans made by all Lenders and outstanding at such time and (ii) the Dollar Equivalent of the aggregate amount of the LC Outstandings at such time.

Aggregate Revolving Facility Exposure means, at any time, the sum of (i) the principal amounts of all Revolving Loans made by all Revolving Lenders and outstanding at such time, and (u) the aggregate amount of the LC Outstandings at such time.

Examples of Aggregate Revolving Facility Exposure in a sentence

Immediately after giving effect to any such Credit Event after the Closing Date, the Aggregate Revolving Facility Exposure shall not exceed the Revolving Commitments then in effect.
On the effective date of any such additional Revolving Commitments, the Revolver Agent may take any and all action as may be reasonably necessary to ensure that, upon the effectiveness of such additional Revolving Commitments, (i) Revolving Loans made under such additional Revolving Commitments are included in each Borrowing of outstanding Revolving Loans on a pro rata basis and (ii) the Lender providing such additional Revolving Commitments shares ratably in the Aggregate Revolving Facility Exposure.
The Borrower agrees to pay to the Administrative Agent utilization fees (the “Utilization Fees”) for the account of each Non-Defaulting Lender that has a Commitment for each day on which the Aggregate Revolving Facility Exposure exceeds 50% of the Total Commitment, computed for each such day at a rate per annum equal to the Applicable Utilization Fee Rate times the Revolving Facility Exposure of such Non-Defaulting Lender on such day.
After giving effect to all Loans made on the Closing Date, the Total Revolving Commitment shall exceed the sum of the Aggregate Revolving Facility Exposure plus the principal amount of Swing Loans by at least $25,000,000.
After giving effect to the Credit Event, the outstanding Aggregate Revolving Facility Exposure shall not exceed the Total Revolving Commitments.
On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Administrative Agent, the Lenders and the LC Issuer agree to establish the Credit Facility for the benefit of the Borrower; provided, however, that at no time will (i) the Aggregate Revolving Facility Exposure exceed the Total Revolving Commitment, or (ii) the Revolving Facility Exposure of any Lender exceed the aggregate amount of such Lender’s Revolving Commitment.
If on any date (after giving effect to any other payments on such date) (A) the Revolving Facility Exposure of any Lender exceeds such Lender’s Revolving Commitment or (B) the Aggregate Revolving Facility Exposure exceeds the Total Revolving Commitment, then, in the case of each of the foregoing, the Borrower shall, within one Business Day, prepay Revolving Loans, Swing Loans and Unreimbursed Drawings and/or Cash Collateralize the LC Outstandings in an aggregate amount at least equal to such excess.
On the Amendment Effective Date, the Administrative Agent shall reallocate the outstanding Aggregate Revolving Facility Exposure on a pro rata basis, in accordance with Schedule I hereto.
If on any date (after giving effect to any other payments on such date) (A) the Aggregate Revolving Facility Exposure exceeds the Total Revolving Commitment, or (B) the Revolving Facility Exposure of any Lender exceeds such Lender’s Revolving Commitment, then, in the case of each of the foregoing, the Borrower shall, on such day, prepay on such date the principal amount of Loans and, after Loans have been paid in full, Unpaid Drawings, in an aggregate amount at least equal to such excess.
The Borrower agrees to pay to the Administrative Agent utilization fees (the “ Utilization Fees ”) for the account of each Non-Defaulting Lender that has a Commitment for each day on which the Aggregate Revolving Facility Exposure exceeds 50% of the Total Commitment, computed for each such day at a rate per annum equal to the Applicable Utilization Fee Rate times the Revolving Facility Exposure of such Non-Defaulting Lender on such day.

More Definitions of Aggregate Revolving Facility Exposure

Aggregate Revolving Facility Exposure means, at any time, the sum of the Tranche A Revolving Facility Exposure of all Lenders and the Tranche B Revolving Facility Exposure of all Lenders at such time.

Aggregate Revolving Facility Exposure means, at any time, the sum of

Aggregate Revolving Facility Exposure means, at any time, the sum of (i) the aggregate principal amount of all Revolving Loans made by all Lenders and outstanding at such time and (ii) the aggregate amount of the LC Outstandings at such time. “Agreed Customer Lien Subordination Agreement” means a lien subordination agreement entered into by the Administrative Agent and any customer of the U.S. Borrower or any Subsidiary from time to time which agreement shall be in form and substance reasonably acceptable to the Administrative Agent (it being agreed that the Hibernia Atlantic Lien Subordination Agreement, dated as of June 14, 2017, among Keybank National Association, as administrative agent, the Credit Parties thereto and Microsoft is in form and substance satisfactory to the Administrative Agent). “Agreed Customer NDA” means a non-disturbance and attornment agreement entered into by the Administrative Agent and any customer of the U.S. Borrower or any Subsidiary from time to time which agreement shall be in form and substance reasonably acceptable to the Administrative Agent (it being agreed that the Hibernia Atlantic Cable System Non-Disturbance and Attornment Agreement, dated as of June 14, 2017, between Keybank National Association, as administrative agent and Microsoft is in form and substance satisfactory to the Administrative Agent). “Agreed Security Principles” means the principles set forth on Schedule 1.01(a). “Agreement” means this Credit Agreement, including any exhibits or schedules, as the same may from time to time be amended, restated, amended and restated, supplemented or otherwise modified. “Amendment No. 1” means that certain Amendment No. 1 to Credit Agreement, dated as of the Amendment No. 1 Effective Date, by and among the Borrowers and the Administrative Agent. “Amendment No. 1 Effective Date” means August 8, 2019. “Amendment No. 2” means that certain Amendment No. 2 to Credit Agreement, dated as of the Amendment No. 2 Effective Date, by and among the Credit Parties, the 2020 EMEA Term Lenders and the Administrative Agent. “Amendment No. 2 Effective Date” means February 28, 2020. “Amendment No. 3 Effective Date” means August 10, 2020. “Amendment No. 4 Effective Date” means December 28, 2020. “Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the U.S. Borrower or any Subsidiary from time to time concerning or relating to bribery or corruption. “Anti-Terrorism Law” means the USA Patriot Act or any other domestic or foreign law p...