DSR LC Exposure definition
DSR LC Exposure means, as of any time of determination, the sum of (a) the aggregate undrawn amount of the outstanding DSR Letters of Credit at such time plus (b) the aggregate amount of all LC Loans with respect to the DSR Letters of Credit that have not yet been repaid at such time.
DSR LC Exposure with respect to any LC Issuer, at any time, the sum of (a) the aggregate undrawn amount of any Letter of Credit outstanding at such time issued by such LC Issuer plus (b) the outstanding amount of any LC Reimbursement Obligations owed to such LC Issuer that have not yet been reimbursed by or on behalf of the Borrower at such time.
DSR LC Exposure means, as of any time of determination, the sum of (a) the aggregate undrawn amount of the outstanding DSR Letters of Credit at such time plus (b) the aggregate amount of all LC Loans with respect to the DSR Letters of Credit that have not yet been repaid at such time. “DSR Letter of Credit” means a Letter of Credit used for DSR Purposes. “DSR Purposes” means funding the Senior Debt Facilities Debt Service Reserve Account or any Additional Debt Service Reserve Account (as such terms are defined in the Accounts Agreement). “DSR Sublimit” means four hundred sixty million Dollars ($460,000,000), as the same may be increased in accordance with Section 2.05 (Incremental Commitments), to be used for DSR Purposes. “Eligible Assignee” means (a) any Senior Lender and (b) any other Person (other than a natural person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person)) approved by the Senior Facility Agent (such approval not to be unreasonably withheld), each Senior Issuing Bank (such approval not to be unreasonably withheld), the Swing Line Lender (such approval not to be unreasonably withheld) and, unless an Event of Default shall then be continuing or the assignment is to
More Definitions of DSR LC Exposure
DSR LC Exposure means, at any time, the sum of (a) the aggregate Stated Amount of all DSR Letters of Credit issued and outstanding at such time, plus (b) the amount equal to (i) the aggregate amount of all Drawing Payments made in respect of a DSR Letter of Credit prior to such time minus (ii) the aggregate amount of Eligible Reimbursed Drawing Payments made in respect of a Drawing Payment under a DSR Letter of Credit at such time, plus (c) the amount equal to (i) the aggregate principal amount of all DSR LC Loans prior to such time under the Credit Agreement minus (ii) the aggregate amount of Eligible Repaid LC Loans that were DSR LC Loans at such time. The DSR LC Exposure of any DSR LC Lender at any time shall be its Proportionate Share (Commitment) of the Total DSR LC Exposure at such time.