Bank Guarantee Exposure definition

Bank Guarantee Exposure means, as at any time, the sum of (a) the aggregate amount available to be drawn under all outstanding Bank Guarantees at such time plus (b) the aggregate amount of all Bank Guarantee Reimbursement Obligations outstanding at such time in respect of Bank Guarantee Disbursements.
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Bank Guarantee Exposure means, at any time, the sum of (a) the maximum amount that may be drawn under each Bank Guarantee at such time plus (b) the aggregate amount of Bank Guarantee Disbursements that have not yet been reimbursed by or on behalf of the Company at such time. The Bank Guarantee Exposure of any Lender at any time shall be its Applicable Percentage of the total Bank Guarantee Exposure at such time.
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Bank Guarantee Exposure means, at any time, the aggregate amount of any and all outstanding Bank Guarantees. “Bank Guarantee Payment” means any payment made by an Issuing Bank pursuant to a Bank Guarantee.
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Examples of Bank Guarantee Exposure in a sentence

  • For purposes of computing Commitment Fees, a Revolving Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans, LC Exposure and Bank Guarantee Exposure of such Lender.

Related to Bank Guarantee Exposure

  • Letter of Credit Exposure means, at any time, the sum of (a) the aggregate Available Amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all payments or disbursements made by an Issuing Bank pursuant to a Letter of Credit Advance that have not yet been reimbursed at such time.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • 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.

  • 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.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Liabilities means, at any time and in respect of all Letters of Credit, the sum of (a) the aggregate amount available to be drawn under all such Letters of Credit plus (b) the aggregate unpaid amount of all Reimbursement Obligations then due and payable in respect of previous drawings under such Letters of Credit.