Combined Exposure definition

Combined Exposure. As defined in Section 3.04.

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Combined Exposure means, at any time, the sum of (a) the aggregate principal amount of all Senior Securities Outstanding and (b) the aggregate principal amount of all outstanding Working Capital Facility Loans made, and the unutilized Working Capital Facility Commitment, under the Working Capital Facility.

Combined Exposure means as of any date of determination, the sum of (a) the aggregate amount of Acquisition Loans outstanding as of such date, (b) the aggregate Revolving Loan Commitments existing as of such date, and (c) an amount equal to 10% of the aggregate notional amount under all Interest Hedge Contracts (other than caps or options) in effect as of such date.

Examples of Combined Exposure in a sentence

In the event that the Depositary Agent shall decline to take any action without first receiving an indemnity from the Partnership, the Company, the Secured Parties or the Collateral Agent, as the case may be, and, having received an indemnity, shall continue to decline to take such action, the Collateral Agent, the Trustee and the holders of 25% or more of the Combined Exposure shall be deemed to have sufficient cause to remove the Depositary Agent.
By mutual agreement between the Partnership and the Collateral Agent, acting at the direction of Senior Parties holding five percent (5%) of the Combined Exposure, a new name or names may be added to the list of Third Party Engineers at any time.
The Swingline Lender will not only make any Swingline Loan if the requested Swingline Loan exceeds Availability (before or after giving effect to such Swingline Loan) will not result in (a) the aggregate amount of Swingline Loans outstanding at any time to exceed $5,000,000, (b) the Aggregate Revolving Exposure exceeding the lesser of (x) the Aggregate Revolving Commitment less the Availability Block, or (y) the Borrowing Base, or (c) Combined Exposure exceeding the Combined Borrowing Base.
The Depositary Agent may be removed at any time with cause by the holders of 25% or more of the Combined Exposure and, if not the same Person as the Depositary Agent, by the Trustee or the Collateral Agent.
The Partnership and the Company agree that, whenever this Agreement requires the calculation of the amount of the Combined Exposure and whenever requested by the Collateral Agent, the Partnership shall deliver to the Collateral Agent a certificate setting forth in reasonable detail a calculation of the amount of the Combined Exposure.

More Definitions of Combined Exposure

Combined Exposure means, as of any date of calculation, the sum (calculated without duplication) of the following, to the extent the same is held by any Lender: (i) the aggregate outstanding principal amount of the Loans, plus (ii) the aggregate amount of all available undrawn financing commitments in respect of the Loans. For the avoidance of doubt, a Lender shall not be required to vote its Combined Exposure with respect to one tranche of Loans held by such Lender in a manner consistent with its vote with respect to any other tranche of Loans held by such Lender.

Combined Exposure means, as of any date of determination, the sum of (i) Revolver Exposure, plus (ii) Aggregate Term Loan Exposure.

Combined Exposure means, as of any date of determination, the sum ----------------- (calculated without duplication) of all the Transaction Exposures as of such date.

Combined Exposure means, as of any date of calculation, the sum (calculated without duplication) of the following, to the extent the same is held by or represented by a Senior Party: (i) the aggregate principal amount of all Outstanding Bonds; (ii) the maximum amount available to be drawn under the DSR LOC (taking into account, without duplication, in the case of the DSR LOC, the maximum amount which may become available to be drawn in the future by reason of an increase in the Debt Service Reserve Required Balance); (iii) the maximum amount available to be drawn as of such date under the PPA LOC; (iv) the maximum amount available to be drawn under a Working Capital Facility; (v) the amount, without duplication, of any unreimbursed drawing under the Working Capital Facility, the DSR LOC and the PPA LOC; (vi) the aggregate amount of all undrawn financing commitments under the documents governing Other Senior Debt, which the creditors party thereto have no right to terminate; and (vii) the amount, without duplication, of any unreimbursed drawing under the documentation governing such Other Senior Debt.

Combined Exposure means, as of any date of calculation, the sum (calculated without duplication) of the following, to the extent the same is held by or represented by a Senior Party: (i) the aggregate principal amount of all Outstanding Bonds; (ii) the aggregate principal amount of all outstanding Permitted Indebtedness (other than the Bonds, Subordinated Debt and Affiliate Subordinated Debt); and (iii) the aggregate amount of all available undrawn financing commitments under the documents governing the Permitted Indebtedness (other than the Bonds, Subordinated Debt and Affiliate Subordinated Debt) which the creditors party to such documents have no right to terminate.

Combined Exposure means, as of any date of determination, the sum of (i) Aggregate Revolving Exposure, plus (ii) FILO Exposure.