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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2

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 [* * *].

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.

  • 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.

  • Revolving L/C Exposure of any Class shall mean at any time the sum of (a) the aggregate undrawn amount of all Letters of Credit applicable to such Class outstanding at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof) and (b) the aggregate principal amount of all L/C Disbursements applicable to such Class that have not yet been reimbursed at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof). The Revolving L/C Exposure of any Class of any Revolving Facility Lender at any time shall mean its applicable Revolving Facility Percentage of the aggregate Revolving L/C Exposure applicable to such Class at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standard Practices, International Chamber of Commerce No. 590, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect 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.