Excess Exposure definition
Examples of Excess Exposure in a sentence
The Parties further agree that the aggregate value of the L/Cs, as measured and agreed by the parties at the end of each month, will continue to be equal or greater than the likely peak Excess Exposure Amount for the following month.
In addition to the foregoing, the Parties hereby agree that, if after the Effective Date of this Agreement, Axtel makes new payments in the circumstances described in Section 21.2 below, Airspan shall obtain and maintain a new Bank Guarantee to cover the respective Excess Exposure Amount until such time as aggregate amounts paid fall below the Excess Exposure Amount.
Each Loan Asset designated on any Servicing Report as an Eligible Loan Asset and each Loan Asset included as an Eligible Loan Asset in any calculation of Borrowing Base, Borrowing Base Deficiency and Foreign Currency Excess Exposure in any Servicing Report is an Eligible Loan Asset.
The definitions in paragraphs 4 (Allocated Excess Exposure Amount); 53 (Exposure Surcharge); 99 (Standard Exposure Limit) and 105 (Total Exposure) of the Appendix are deleted in their entirety and the subsequent paragraphs are renumbered accordingly.
The Parties agree that Airspan will cause to be issued in favor of Axtel, at Airspan's expense, when such Exposure Limit is exceeded, one or more irrevocable standby letters of credit or bank guarantees (together the "Bank Guarantee"), issued by Airspan's UK bank at Axtel's satisfaction, for an aggregate amount equivalent to all the amounts paid by Axtel in excess of the Exposure Limit (the "Excess Exposure Amount").
Accordingly, Airspan will cause to be issued in favor of Axtel, at Airspan's expense, when such Exposure Limit is exceeded, one or more irrevocable standby letters of credit or bank guarantees (together the "L/Cs" and each an "L/C"), issued by Airspan's UK bank at Axtel's satisfaction, for an aggregate amount equivalent to all the amounts paid by Axtel in excess of the Exposure Limit (the "Excess Exposure Amount").
Initial Review • Component Excess Exposure as a result of change with following details: • Quantity on hand (total) – (quantity & value) • Quantity on hand (excess) – (quantity & value) • Lead Time & Part Classification ( A, B, etc) • MOQ & Rounding Quantity • Safety Stock • Marketing Part Number affecting change • Open Orders on component • Mitigation activities to be undertaken.
In addition, REPS hereby unconditionally promises to pay to the Sleeve Provider from time to time on demand interest accruing at a rate per annum equal to the Post-Default Rate (as in effect from time to time) on the aggregate amount of any Monthly Sleeve Fee, Additional Sleeve Fee or Excess Exposure Fee that is not paid in full when due.
Excess Exposure Collateral shall be provided in Dollars based on the Exchange Rate, unless, in the case of any Applicable Issuing Bank with Excess Exposure, such Applicable Issuing Bank otherwise agrees in its discretion.
If the Borrower is required to provide an amount of cash collateral hereunder pursuant to Section 2.01(b)(v), such amount (to the extent not applied as aforesaid) shall be promptly returned to the Borrower to the extent that, after giving effect to such return, no Excess Exposure exists and no Default shall have occurred and be continuing.