Domestic Revolving Credit Exposure definition

Domestic Revolving Credit Exposure means, with respect to any Lender at any time, the aggregate principal amount at such time of all outstanding Domestic Revolving Loans of such Lender, plus the aggregate principal amount at such time of all Domestic L/C Exposure of such Lender.

Domestic Revolving Credit Exposure means, as to any Domestic Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Domestic Revolving Loans held by such Lender then outstanding, (b) such Lender’s pro rata share (determined in accordance with such Lender’s Domestic Commitment as compared to the aggregate Domestic Commitments or, if such Domestic Commitment has expired or been terminated, in accordance with the Lender’s Domestic Commitments in effect immediately prior to such termination as compared to the Total Domestic Commitment at such time) of the L/C Obligations then outstanding and (c) such Lender’s pro rata share (determined in accordance with such Lender’s Domestic Commitment as compared to the aggregate Domestic Commitments or, if such Domestic Commitment has expired or been terminated, in accordance with the Lender’s Domestic Commitments in effect immediately prior to such termination as compared to the Total Domestic Commitment at such time) of the Swingline Loans then outstanding.

Domestic Revolving Credit Exposure at any date, (a) as to all Domestic Lenders, the amount equal to the sum of the aggregate principal amount of all Domestic Revolving Credit Loans, the LC Amount and all LC Obligations then outstanding, and (b) as to any Domestic Lender, the amount equal to the sum of (i) the aggregate principal amount of all then outstanding Domestic Revolving Credit Loans made by such Domestic Lender, and (ii) such Domestic Lender's Domestic Revolving Loan Percentage of the LC Amount and the then outstanding LC Obligations.

Examples of Domestic Revolving Credit Exposure in a sentence

• For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Domestic Revolving Credit Exposure, Aggregate Multicurrency Revolving Credit Exposure, Aggregate U.K. Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time.

• In the event of any partial reduction of the Domestic Revolving Credit Commitments or Multicurrency Revolving Credit Commitments, then at or prior to the effective date of such reduction, the Administrative Agent shall notify the Borrowers and the applicable Revolving Credit Lenders of the Aggregate Domestic Revolving Credit Exposure or Aggregate Multicurrency Revolving Credit Exposure, as applicable, after giving effect thereto.

• The Domestic Borrowers shall prepay the outstanding principal amount of the Domestic Revolving Credit Loans, Canadian Revolving Credit Loans and Swing Line Loans on any date on which Domestic Revolving Credit Exposure (after giving effect to any other repayments or prepayments on such day) exceeds either the Domestic Borrowing Base or the Domestic Revolving Credit Commitment then in effect in the amount of such excess.

• In addition, if following any reduction in the Total Revolving Credit Commitment or at any other time the Domestic Revolving Credit Exposure plus the Canadian Excess Amount shall exceed the Domestic Gross Availability, the Borrower shall first, repay Revolving Loans in an aggregate amount equal to such excess, and second, provide cash collateral for the Total LC Exposure as specified in subsection 2.4(h) in an aggregate amount equal to 105% of such excess.

• The Borrower may at any time and from time to time reduce the Revolving Credit Commitments; PROVIDED that (i) each reduction of the Revolving Credit Commitments shall be in an amount that is at least equal to $1,000,000 or any greater multiple of $1,000,000, and (ii) the Borrower shall not reduce the Revolving Credit Commitments if, after giving effect to any concurrent repayment, the Domestic Revolving Credit Exposure would exceed the Domestic Revolving Credit Commitment.

More Definitions of Domestic Revolving Credit Exposure

Domestic Revolving Credit Exposure means, as to any Lender at any time, the aggregate Outstanding Amount at such time of such Lender’s Domestic Revolving Loans and such Lender’s participation in L/C Obligations and Swing Line Loans at such time.

Domestic Revolving Credit Exposure means, at any time, the Total Revolving Credit Exposure MINUS the Dollar Equivalent of the aggregate amount available to be drawn under the Canadian Letter of Credit.

Domestic Revolving Credit Exposure means, with respect to any Lender at any time, the aggregate principal amount at such time of all outstanding Domestic Revolving Loans of such Lender, plus the aggregate amount at such time of such Lender’s Domestic Revolving L/C Exposure,plus the aggregate amount at such time of such Lender’s Domestic Swingline Exposure.

Domestic Revolving Credit Exposure at any date, (a) as to all Domestic Lenders, the amount equal to the aggregate outstanding principal amount of all Domestic Revolving Credit Loans, all Domestic Swing Line Loans and all L/C Obligations then outstanding and (b) as to any Domestic Lender, the amount equal to (i) the aggregate outstanding principal amount of all then-outstanding Domestic Revolving Credit Loans made by such Domestic Lender and (ii) such Domestic Lender's Commitment Percentage of the then-outstanding aggregate principal amount of all L/C Obligations and Domestic Swing Line Loans.

Domestic Revolving Credit Exposure means, on any date, the sum of the outstanding Domestic Revolving Loans and the LC Exposure.

Domestic Revolving Credit Exposure has the meaning set forth in the definition of “Required Domestic Revolving Lenders” contained in this Section 1.01.

Domestic Revolving Credit Exposure as applied to each Lender shall mean (i) at any time prior to the termination of the Domestic Revolving Commitments, the Domestic Revolving Commitment Percentage of such Lender multiplied by the Domestic Revolving Committed Amount, and (ii) at any time after the termination of the Domestic Revolving Commitments, the sum of (A) the principal balance of the outstanding Domestic Revolving Loans of such Lender plus (B) the Dollar Amount of such Lender’s Participation Interests in all LC Obligations.