European Revolving Exposure means, with respect to any Lender as of any date of determination, (i) prior to the termination of such Lender’s European Revolving Commitments, that Lender’s European Revolving Commitment; and (ii) after the termination of such Lender’s European Revolving Commitments, the sum of (a) the Euro Equivalent of the aggregate outstanding principal amount of the European Revolving Loans of that Lender, (b) in the case of an Issuing Bank, the Euro Equivalent of the aggregate European Letter of Credit Usage in respect of all European Letters of Credit issued by such Issuing Bank (net of any participations by Lenders in such European Letters of Credit), (c) the Euro Equivalent of the aggregate amount of all participations by that Lender in any outstanding European Letters of Credit or any unreimbursed drawing under any European Letter of Credit, (d) in the case of the European Swing Line Lender, the aggregate outstanding principal amount of all European Swing Line Loans (net of any participations therein by other Lenders) and (e) the aggregate amount of all participations therein by that Lender in any outstanding European Swing Line Loans.
European Revolving Exposure means the Revolving Exposure of the European Lenders only.
European Revolving Exposure means, with respect to any Lender as of any date of determination, (i) prior to the termination of the European Revolving Commitments, that Lender’s European Revolving Commitment; and (ii) after the termination of the European Revolving Commitments, the sum of (a) the aggregate outstanding principal amount of the European Revolving Loans of that Lender, (b) in the case of Issuing Bank, the aggregate Letter of Credit Usage in respect of all Letters of Credit issued by that Lender (net of any participations by Lenders in such Letters of Credit) to the Euro Borrowers, (c) the aggregate amount of all participations by that Lender in any outstanding Letters of Credit or any unreimbursed drawing under any Letter of Credit issued to the Euro Borrowers, (d) in the case of Swing Line Lender, the aggregate outstanding principal amount of all Swing Line Loans (net of any participations therein by other Lenders) made to the Euro Borrowers, and (e) the aggregate amount of all participations therein by that Lender in any outstanding Swing Line Loans made to the Euro Borrowers.
Examples of European Revolving Exposure in a sentence
The Administrative Agent shall at all times monitor the Dollar Equivalent of all outstanding Canadian Revolving Exposure and European Revolving Exposure.
Except for European Overadvances permitted under Section 2.05, in the event and on such occasion that the total European Revolving Exposure exceeds any of the limits or sublimits contained in Section 2.01(c), the European Borrowers shall prepay the European Revolving Loans, European LC Exposure and/or European Swingline Loans in an aggregate amount equal to such excess.
Upon the making of a European Protective Advance by the European Agent (whether before or after the occurrence of a Default) to any European Borrower, each European Revolving Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from the European Agent without recourse or warranty, an undivided interest and participation in such European Protective Advance in proportion to its Applicable Percentage of the European Revolving Exposure.
If, as a result of fluctuations in Exchange Rates, the aggregate European Revolving Exposure on any Reset Date would exceed 105% of the aggregate European Revolving Commitments on such date, then the European Borrower shall, within three Business Days thereof, repay or prepay European Revolving Loans and/or European Swingline Loans so that, after giving effect thereto, the aggregate European Revolving Exposure would not exceed the aggregate European Revolving Commitments.
More Definitions of European Revolving Exposure
European Revolving Exposure means, with respect to any European Revolving Lender at any time, the sum of the Dollar Equivalent of the outstanding principal amount of such European Revolving Lender’s European Revolving Loans and its European LC Exposure plus an amount equal to its Applicable Percentage of the Dollar Equivalent of the aggregate principal amount of European Swingline Loans outstanding at such time plus an amount equal to its Applicable Percentage of the Dollar Equivalent of the aggregate principal amount of European Overadvances outstanding at such time plus an amount equal to its Applicable Percentage of the Dollar Equivalent of the aggregate principal amount of European Protective Advances outstanding at such time.
European Revolving Exposure means, with respect to any Lender as of any date of determination, (i) prior to the termination of the European Revolving Commitments, that Lender’s European Revolving Commitment; and (ii) after the termination of the European Revolving Commitments, the sum of (a) the Euro Equivalent of the aggregate outstanding principal amount of the European Revolving Loans of that Lender, (b) in the case of an Issuing Bank, the Euro Equivalent of the aggregate European Letter of Credit Usage in respect of all European Letters of Credit issued by such Issuing Bank (net of any participations by Lenders in such European Letters of Credit), (c) the Euro Equivalent of the aggregate amount of all participations by that Lender in any outstanding European Letters of Credit or any unreimbursed drawing under any European Letter of Credit and (d) the Euro Equivalent of the aggregate amount of all amounts borrowed from such Lender under any Ancillary Facility pursuant to Section 2.26. NY\6180200.13
European Revolving Exposure set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:
European Revolving Exposure means, with respect to any European Revolving Tranche A Lender at any time, its European Revolving Tranche A Exposure, and with respect to any European Revolving Tranche B Lender at any time, its European Revolving Tranche B Exposure; provided that following the Revolving Tranche A Termination Date, unless the maturity of the Loans shall theretofore have been accelerated, the term “European Revolving Exposure” shall mean, with respect to a European Revolving Lender at any such time, its European Revolving Tranche B Exposure.”.
European Revolving Exposure means, with respect to a European Revolving Lender at any such time, its European Revolving Tranche B Exposure.”.
European Revolving Exposure means, with respect to any Lender at any time, the total amount of such Lender’s French Revolving Exposure, Italian Revolving Exposure and Swiss Revolving Exposure at such time.
European Revolving Exposure means, with respect to any Lender as of any date of determination, (i) prior to the termination of the European Revolving Commitments, that Lender's European Revolving Commitment; and (ii) after the termination of the European Revolving Commitments, the sum of (a) the aggregate outstanding principal amount of the European Revolving Loans of that Lender, (b) in the case of Issuing Bank, the aggregate European Letter of Credit Usage in respect of all European Letters of Credit issued by that Lender (net of any participations by Lenders in such European Letters of Credit), and (c) the aggregate amount of all participations by that Lender in any outstanding European Letters of Credit or any unreimbursed drawing under any European Letter of Credit,