Individual Exposure definition
Individual Exposure of any Lender shall mean, at any time, the sum of (a) the aggregate principal amount of all Revolving Loans made by such Lender and then outstanding, (b) such Lender’s RL Percentage of the aggregate principal amount of all Swingline Loans then outstanding and (c) such Lender’s RL Percentage of the aggregate amount of all Letter of Credit Outstandings at such time.
Individual Exposure of any Lender shall mean, at any time, the sum of (a) the aggregate principal amount of all Revolving Loans made by such Lender and then outstanding, (b) such Lender’s RL Percentage of the aggregate amount of all Letter of Credit Outstandings at such time and (c) without duplication of clause (b) above, the amount of any Letter of Credit Exposure allocated to such Lender pursuant to Section 2.14(b)(i).
Individual Exposure of any Revolving Credit Lender means, at any time, the sum of (a) the aggregate principal amount of all Revolving Credit Advances made by such Revolving Credit Lender and then outstanding, (b) such Revolving Credit Lender’s Pro Rata Share in the aggregate amount of all Swingline Advances outstanding at such time and (c) such Revolving Credit Lender’s Pro Rata Share in the aggregate amount of all Letter of Credit Outstandings at such time.
Examples of Individual Exposure in a sentence
The Borrower hereby designates the Administrative Agent to serve as the Borrower’s agent, solely for purposes of this Section 12.16, to maintain a register (the “Register”) on which it will record the Individual Exposure from time to time of each of the Lenders, the Loans made by each of the Lenders and each repayment and prepayment in respect of the principal amount (and stated interest) of the Loans of each Lender.
The Total Class Settlement Amount shall be divided as follows: (i) $11,000,000 shall be allocated to Property Damage Eligible Claimants; and (ii) $4,000,000 shall be allocated to Individual Exposure Eligible Claimants.
More Definitions of Individual Exposure
Individual Exposure of any Lender shall mean, at any time, the sum of (a) such Lender’s Individual U.S. Facility Exposure at such time and (b) such Lender’s Individual Canadian Facility Exposure at such time.
Individual Exposure of any Lender shall mean, at any time, the sum of the Individual U.S. Borrower Exposure, the Individual European Borrower Exposure and the Individual Canadian Exposure of such Lender at such time, and, after payment in full of the foregoing, any other Obligations.
Individual Exposure of any Lender shall mean, at any time, the sum of (a) the aggregate principal amount of all Revolving Loans made by such Lender and then outstanding (for this purpose, using the U.S. Dollar Equivalent of amounts denominated in Euros or any Acceptable Foreign Currency), (b) such Lender’s RL Percentage of the aggregate principal amount of all Swingline Loans then outstanding, (c) such Lender’s RL Percentage of the aggregate amount of all Letter of Credit Outstandings (for this purpose, using the U.S. Dollar Equivalent of amounts denominated in Euros or any Acceptable Foreign Currency) at such time and (d) such Lender’s RL Percentage of the aggregate principal amount of all Agent Advances then outstanding.
Individual Exposure of any Lender shall mean at any time, the aggregate principal amount of Loans of such Lender then outstanding (for this purpose, using the Dollar Equivalent of each Alternate Currency Loan then outstanding).
Individual Exposure of any Lender shall mean, at any time, the sum of (a) the aggregate principal amount of all Revolving Loans made by such Lender and then outstanding (for this purpose, using the Dollar Equivalent of amounts not denominated in Dollars), (b) such Lender’s RL Percentage in the aggregate principal amount of all Swingline Loans (for this purpose, using the Dollar Equivalent of amounts not denominated in Dollars) then outstanding and (c) such Lender’s RL Percentage in the aggregate amount of all Letter of Credit Outstandings at such time.
Individual Exposure of any Lender shall mean, at any time, the sum of the Individual U.S./European Exposure and the Individual Canadian Exposure of such Lender at such time. “Individual U.S. Borrower Exposure” of any U.S./European Lender shall mean, at any time, the sum of (I) the aggregate principal amount of all U.S. Borrower Revolving Loans made by such U.S./European Lender and then outstanding, (II) the sum of such U.S./European Lender’s L/C Participation Percentage in each then outstanding U.S. Letter of Credit multiplied by the sum of the Stated Amount of the respective U.S. Letter of Credit and any Unpaid Drawings relating thereto and (III) such U.S./European Lender’s U.S./European Percentage multiplied by the aggregate principal amount of all outstanding U.S./European Borrower Swingline Loans. “Individual U.S./European Exposure” of any U.S./European Lender shall mean, at any time, the sum of its Individual U.S. Borrower Exposure and its Individual European Borrower Exposure at such time.
Individual Exposure of any Lender shall mean, at any time, the sum of (a) the aggregate principal amount of all Loans made by such Lender (and the aggregate principal amount of all Specified Foreign Currency Loans in which participations have been acquired by such Lender pursuant to Section 15) and then outstanding (for this purpose, using the Pounds Sterling Equivalent of amounts not denominated in U.S. Dollars) and (b) such Lender’s Percentage in the aggregate amount of all Letter of Credit Outstandings at such time. For purposes of this definition, the amount of Loans made by the Fronting Lender shall be reduced by the aggregate amount of Specified Foreign Currency Participations therein purchased by the other Lenders in such Loans pursuant to Section 15.