Revolving B Exposure definition

Revolving B Exposure means, with respect to any Revolving B Lender at any time, the sum of the Outstanding Amount of such Revolving B Lender’s Revolving B Loans and its Tranche B LC Exposure at such time.

Revolving B Exposure means, as to any Lender at any time, the sum of such Lender’s U.S. Tranche Revolving B Exposure and such Lender’s Alternative Currency Tranche Revolving B Exposure.

Revolving B Exposure means the aggregate Outstanding Amount of the Revolving B Loans of any Revolving B Lender.

Examples of Revolving B Exposure in a sentence

• On any date on which the aggregate Revolving B Exposure exceeds the aggregate Commitments B, the Borrowers shall pay to the Administrative Agent an amount equal to such excess, allocated first to any Working Capital Loans outstanding under the Commitments B until paid in full, second to any outstanding Swing Loans (to the extent that such Swing Loans would be refinanced with Revolving B Loans pursuant to Section 2.3(a) if refinanced on such date) and then to any outstanding Revolving B Loans.

• On any date on which the aggregate Revolving B Exposure exceeds the aggregate Commitments B, the Borrowers shall pay to the Administrative Agent an amount equal to such excess, allocated first to any Working Capital Loans outstanding under the Commitments B until paid in full, and then to any outstanding Revolving B Loans.

• At any time prior to the Revolving A Maturity Date, any Revolving A Lender (a “Converting Lender”) may, by written notice to the Borrower and Administrative Agent, convert all of its Revolving A Credit Commitments and outstanding Revolving A Exposure (if any) into Revolving B Credit Commitments and Revolving B Exposure, respectively (a “Permitted Conversion”) pursuant to procedures specified by the Administrative Agent.

• On the effective date of such Permitted Conversion, the Revolving B Credit Commitments and outstanding Revolving B Exposure (including any outstanding Revolving B Loans) of the Converting Lender shall, without the need for any further action, be converted into Revolving C Credit Commitments and Revolving C Exposure, and shall, from and after such date, be entitled to Commitment Fees, interest and L/C Participation Fees calculated at the Applicable Percentages for Revolving C Credit Commitments.

• At any time prior to the Revolving B Maturity Date, any Revolving B Lender (a “Converting Lender”) may, by written notice to the Borrower and Administrative Agent, convert all of its Revolving B Credit Commitments and outstanding Revolving B Exposure (if any) into Revolving C Credit Commitments and Revolving C Exposure, respectively (a “Permitted Conversion”) pursuant to procedures specified by the Administrative Agent.

More Definitions of Revolving B Exposure

Revolving B Exposure of any Lender at any time, means the outstanding principal amount of all Revolving B Loans owing to such Lender, plus any participations in Swing Loans purchased by such Lender hereunder to the extent such Swing Loans may be refinanced with Revolving B Loans pursuant to Section 2.3. With respect to any determination of “Revolving B Exposure” required by Sections 2.1 or 2.3, “Revolving B Exposure” shall be calculated without giving effect to any prepayment of the Revolving B Loans pursuant to Section 2.7.

Revolving B Exposure means, with respect to any Lender as of any date of determination, (a) prior to the termination of the Revolving B Commitments, that Lender’s Revolving B Commitment; and (b) after the termination of the Revolving B Commitments, the aggregate outstanding principal amount of the Revolving B Loans of that Lender.

Revolving B Exposure of any Lender at any time, means the outstanding principal amount of all Revolving B Loans owing to such Lender.

Revolving B Exposure means, with respect to any Revolving B Lender at any time, the sum of (a) the aggregate principal amount at such time of all its outstanding Revolving B Loans, (b) the aggregate amount at such time of its L/C Exposure attributable to the Revolving B Credit Commitments and (c) the aggregate amount at such time of its Swingline Exposure attributable to the Revolving B Credit Commitments.

Revolving B Exposure of any Lender at any time, means the outstanding principal amount of all Revolving B Loans owing to such Lender, plus any participations in Swing Loans purchased by such Lender hereunder to the extent such Swing Loans may be refinanced with Revolving B Loans pursuant to Section 2.3. With respect to any determination of “Revolving B Exposure” required by Sections 2.1 or 2.3, “Revolving A Exposure” shall be calculated without giving effect to any prepayment of the Revolving B Loans pursuant to Section 2.7.

Revolving B Exposure means, as to any Revolving B Lender, the aggregate principal amount at any such time of its outstanding Revolving B Loans.

Revolving B Exposure means the aggregate Outstanding Amount of the Revolving B Loans of any Revolving B Lender. “Revolving B Lender” means, at any time, (a) so long as any Revolving B Commitment is in effect, any Lender that has a