Maximum Exposure Amount means, at any time for each Lender, the sum of (a) the unfunded Commitment held by such Lender at such time; plus (b) the aggregate unpaid principal amount of the Note held by such Lender at such time, (with the aggregate amount of such Lender’s risk participation and funded participation in the Letter of Credit Exposure (including any such Letter of Credit Exposure that has been reallocated pursuant to Section 2.16) being deemed as unpaid principal under such Lender’s Note).
Maximum Exposure Amount means, at any time for each Lender, the sum of (a) the unfunded US Commitment and Canadian Commitment held by such Lender at such time, if any, plus (b) the US Outstandings held by such Lender at such time (with the aggregate amount of such Lender's risk participation and funded participation in the Letter of Credit Obligations and Swing Line Advances being deemed "held" by such Lender for purposes of this definition), plus (c) the Canadian Outstandings held by such Lender at such time.
Maximum Exposure Amount means, at any time for each Lender, the sum of (a) the unfunded Revolving Commitment held by such Lender at such time; plus (b) the aggregate unpaid principal amount of the Revolving Note held by such Lender at such time, (with the aggregate amount of such Lender’s risk participation and funded participation in the Letter of Credit Exposure (including any such Letter of Credit Exposure that has been reallocated pursuant to Section 2.14) and Swing Line Advances being deemed as unpaid principal under such Lender’s Revolving Note); plus (c) the aggregate unpaid principal amount of the Term Note held by such Lender at such time; plus (d) the unfunded Term Commitment held by such Lender at such time.
Examples of Maximum Exposure Amount in a sentence
Not permit the aggregate outstanding principal amount of the Buyer Notes to exceed the Maximum Exposure Amount.
More Definitions of Maximum Exposure Amount
Maximum Exposure Amount means, with respect to any ABL Creditor Post-Petition Financing or Term Creditor Post-Petition Financing, the sum of (i) the portion of the Maximum ABL Principal Amount outstanding as of the commencement of the relevant Insolvency or Liquidation Proceeding, (ii) the portion of the Maximum Term Principal Amount as of the commencement of such Insolvency or Liquidation Proceeding and (iii) $40,000,000.
Maximum Exposure Amount means, at any time for each Lender, the sum of (a) the unfunded Commitment held by such Lender at such time, if any, plus (b) the Total Outstandings held by such Lender at such time (with the aggregate amount of such Lender's risk participation and funded participation in the Letter of Credit Obligations and Swingline Advances being deemed "held" by such Lender for purposes of this definition).
Maximum Exposure Amount means, as of any Business Day, the positive result (if any) of (a) the product of (i) the Pro Forma Eligible Receivables, multiplied by (ii) the result (expressed as a decimal) of 100% minus the Pro Forma Reserve Ratio, minus (b) the Net Invested Amount.
Maximum Exposure Amount shall be the lowest amount specified in any Supplement as the "Maximum Exposure Amount."
Maximum Exposure Amount means, at any time for each Lender, the sum of (a) the unfunded Revolving Commitment held by such Lender at such time; plus (b) the aggregate unpaid principal amount of the Revolving Note held by such Lender at such time, (with the aggregate amount of such Lender’s risk participation and funded participation in the Letter of Credit Exposure (including any such Letter of Credit Exposure that has been reallocated pursuant to Section 2.14) and Swing Line Advances being deemed as unpaid principal under such Lender’s Revolving Note); plus (c) the aggregate unpaid principal amount of the Term Note held by such Lender at such time; (d) the aggregate unpaid principal amount of the CapEx Note held by such Lender at such time; plus (e) the unfunded Term Commitment held by such Lender at such time; plus (f) the unfunded CapEx Commitment held by such Lender at such time.
Maximum Exposure Amount in respect of any Recourse Indebtedness of a Borrower Subsidiary, the maximum Indebtedness (excluding ordinary course fees, expenses and indemnities) of such Borrower Subsidiary in connection with such Recourse Indebtedness, including without limitation (and without duplication), (i) all assets pledged to secure such Recourse Indebtedness, and (ii) the maximum funded commitments of such Borrower Subsidiary to fund equity or capital to repay borrowings, to contribute or pledge additional assets or to purchase or repurchase assets pursuant to the terms of the transaction documents giving rise to such Recourse Indebtedness.
Maximum Exposure Amount means (a) with respect to any ABL DIP Financing, the sum of: (i) the portion of the ABL Debt Cap outstanding and/or committed immediately prior to obtaining such ABL DIP Financing and (ii) $250,000,000, and (b) with respect to any Term Loan DIP Financing, the sum of: (i) the portion of the Term Loan Debt Cap outstanding and/or committed immediately prior to obtaining such Term Loan DIP Financing and (ii) $250,000,000.