Aggregate Term Exposure definition
Aggregate Term Exposure means, on any date, the aggregate principal amount of the Term Loans outstanding on such date.
Aggregate Term Exposure means, at any time, the aggregate Term Exposure of all the Lenders at such time.
Aggregate Term Exposure means, at any time, the aggregate Term Exposure of all the Lenders at such time. “Alternate Base Rate” means, for any day, a fluctuating interest rate per annum equal to the highest of: (a) the Floor, (b) the Prime Rate, (c) the Fed Funds Rate in effect on such day plus 0.50% and (d) Adjusted Term SOFR plus 1.00% per annum. Each change in the Prime Rate or the Federal Funds Rate, respectively, shall take effect at the opening of business on the day specified in the public announcement of such change. If the Alternate Base Rate is being used to determine the Applicable Reference Rate, Alternate Base Rate shall be determined without reference to clause (d) above. “AML Legislation” has the meaning specified in Section 9.15. “Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction in which to the Company or any of its Subsidiaries is located or is doing material business from time to time concerning or relating to bribery or corruption and includes the Canadian Economic Sanctions and Export Control Laws. “Anti-Terrorism Laws” means those laws and sanctions relating to terrorism or money laundering, including Canadian Anti-Money Laundering & Anti-Terrorism Legislation, Executive Order No. 13224, the USA Patriot Act (Public Law 107-56), the Bank Secrecy Act (Public Law 91-508), the Trading with the Enemy Act (50 U.S.C. App. Section 1 et. seq.), the International Emergency Economic Powers Act (50 U.S.C. Section 1701 et. seq.), and the sanction regulations promulgated pursuant thereto by the Office of Foreign Assets Control, as well as laws relating to prevention and detection of money laundering in 18 U.S.C. Sections 1956 and 1957 (as any of the foregoing may from time to time be amended, renewed, extended or replaced, in each case in any jurisdiction in which any Loan Party or any of its Subsidiaries is located or is doing material business). “Applicable Percentage” means, with respect to any Lender, a percentage equal to a fraction the numerator of which is such Lender’s Commitment and the denominator of which is the Aggregate Commitments; provided that, after any Term Loans have been made, the Applicable Percentages shall be determined based upon the sum of such Lender’s share of (a) the Aggregate Term Exposure at that time, plus (b) the outstanding Commitments, if any; provided further that, in accordance with Section 2.20, so long as any Lender shall be a Defaulting Lender, such Defaulting Lender’s Commitments, if any, shall be disre...
More Definitions of Aggregate Term Exposure
Aggregate Term Exposure means, at any time, the aggregate sum at such time of the Term Exposures of all Lenders.