LC Funding Exposure definition

LC Funding Exposure means, at any time during a Non-Pro Rata Funding Period,
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LC Funding Exposure means, with respect to any Purchaser, an amount equal to the product of (A) its Pro Rata Share and (B) the Adjusted LC Participation Amount.
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LC Funding Exposure means, with respect to any LC Participant at any time, the lesser of (a) the LC Participation Amount and (b) an amount determined pursuant to the following formula, but not less than zero ($0): LCFE = (PRS x LCPA) - {C - (AC x PRS)} where: AC = the Aggregate Capital; C = the aggregate Capital held by all Purchasers in such LC Participant's Purchaser Group; LCFE = the LC Funding Exposure of such LC Participant's Purchaser Group; LCPA = the LC Participation Amount; and PRS = such LC Participant's Pro Rata Share.
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More Definitions of LC Funding Exposure

LC Funding Exposure means, (x) with respect to the PNCany Purchaser Group, an amount equal to the lesser of: (i) the product of (A) its Pro Rata Share and (B) the Adjusted LC Participation Amount and (ii) the difference between (A) its Commitment and (B) its outstanding Capital and (y) with respect to the MUFG Purchaser Group, the difference between (i) the Adjusted LC Participation Amount and (ii) the PNC Purchaser Group’s LC Funding Exposure, calculated pursuant to the foregoing clause (x).
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Related to LC Funding Exposure

  • L/C Exposure at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, and (b) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time. The L/C Exposure of any L/C Lender at any time shall equal its L/C Percentage of the aggregate L/C Exposure at such time.

  • Outstanding Credit Exposure means, as to any Bank at any time, the sum of (i) the aggregate principal amount of its Loans outstanding at such time, plus (ii) an amount equal to its Pro Rata Share of the LC Obligations at such time.

  • Aggregate Outstanding Credit Exposure means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders.

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.