Net Exposure Amount definition

Net Exposure Amount. As of the applicable Cut-Off Date, with respect to any Substitute Collateral Obligation which is a Revolving Collateral Obligation or Delayed Drawdown Collateral Obligation, the lesser of (i) the aggregate amount of the then unfunded funding obligations thereunder, and (ii) the amount necessary to cause, upon completion of such substitution on the applicable Cut-Off Date, the amount of funds on deposit in the Revolver Funding Account to be at least equal to the sum of the unfunded funding obligations under all Delayed Drawdown Collateral Obligations and Revolving Collateral Obligations then included in the Assets.
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Net Exposure Amount means, as of any date of determination, (i) the sum of (x) the then outstanding principal amount of the Loan and (y) all accrued and unpaid interest and fees thereon and (z) the Remaining Initial Commitment Fee minus (ii) Eligible Cash Collateral.
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Net Exposure Amount means, as of the applicable Cut-Off Date, with respect to any Substitute Collateral Loan which is a Revolving Collateral Loan or Delayed Funding Loan, the lesser of (i) the aggregate amount of the then unfunded funding obligations thereunder and (ii) the amount necessary to cause, upon completion of such substitution on the applicable Cut-Off Date, the amount of funds on deposit in the Future Funding Reserve Account to be at least equal to the sum of the unfunded funding obligations under all Delayed Funding Loans and Revolving Collateral Loans then included in the Assets.
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Examples of Net Exposure Amount in a sentence

  • Effect, or permit any Affiliates to effect, any Block Sale without the prior written consent of Citibank, N.A. if the LTV Ratio (determined based on (i) the then-current Net Exposure Amount and (ii) a Collateral Value that is determined after giving effect to the release of the Common Shares to be sold pursuant to such Block Sale, if any) would exceed [* * *].

  • Effect, or permit the Parent or any of their respective Affiliates to effect, any Block Sale without the prior written consent of Citibank, N.A. if the LTV Ratio (determined based on (i) the then-current Net Exposure Amount and (ii) a Collateral Value that is determined after giving effect to the release of the Common Shares to be sold pursuant to such Block Sale, if any) would exceed [* * *].


More Definitions of Net Exposure Amount

Net Exposure Amount. As of the applicable Cut-Off Date, with respect to any Collateral Obligation which is a Revolving Collateral Obligation or Delayed Drawdown Collateral Obligation, the lesser of (i) the aggregate amount of the then unfunded funding obligations thereunder and (ii) the amount necessary to cause, on the applicable Cut-Off Date with respect to such Collateral Obligation, the amount of funds on deposit in the Revolver Funding Account to be at least equal to the sum of the unfunded funding obligations under all Delayed Drawdown Collateral Obligations and Revolving Collateral Obligations then included in the Assets. "Non-Call Period": The period from (x) with respect to all Secured Debt, the 2024 Closing Date to but excluding the Payment Date in October 2026, (y) with respect to a Re-Priced
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Related to Net Exposure Amount

  • 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.

  • Total Credit Exposure means, as to any Lender at any time, the unused Commitments and Revolving Credit Exposure of such Lender at such time.

  • Aggregate Exposure Percentage with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

  • Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Xxxxxx’s Term Loans plus such Lender’s Revolving Credit Exposure at such time.

  • Total Revolving Exposure means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.