Total Exposure definition

Total Exposure means, for any Lender at any time, the sum of (i) the aggregate principal amount of all outstanding Loans of such Lender plus (ii) such Lender’s Applicable Percentage of the Letter of Credit Usage.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Total Exposure means, with respect to any Lender at any time, the sum of (a) the aggregate principal amount of the Loans of such Lender then outstanding and (b) such Lender’s Letter of Credit Exposure at such time.

Total Exposure means, at any time, an amount equal to the sum of (a) the Letter of Credit Obligations and (b) the principal amount of outstanding Loans.

Examples of Total Exposure in a sentence

• During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make Loans to the Borrower in Dollars from time to time, in an aggregate amount such that, after giving effect thereto, the Total Exposure of such Lender does not exceed such ▇▇▇▇▇▇’s Revolving Commitment; provided, that after giving effect to the making of any Loans, in no event shall the Aggregate Total Exposure exceed the Revolving Commitments then in effect.

• If the Total Exposure exceeds the Revolving Commitment as a result of the occurrence of the Maturity Date with respect to any Class of Revolving Commitments while an extended Class of Revolving Commitments remains outstanding, Borrower shall make such payments as are necessary in order to eliminate such excess on such Maturity Date.

More Definitions of Total Exposure

Total Exposure means for any given day, the Bank’s total financial exposure to the Guarantor, as reasonably determined by the Bank.

Total Exposure at any time, the aggregate amount of the Exposure of all Lenders at such time.

Total Exposure at any time, the aggregate amount of the Banks’ Exposures at such time.

Total Exposure means, as of any date of determination, the sum of the aggregate Revolving Credit Exposure and the aggregate Term Loan Exposure at such date.

Total Exposure means, at any time, the sum of (i) the aggregate unpaid principal amount of Loans then outstanding, (ii) the unused portion of the Total Bank Loan Commitments then in effect, (iii) the Letter of Credit Exposure at such time and (iv) the aggregate amount of Swap Termination Obligations calculated as of such day.

Total Exposure means at any time, as to any Lender, the amount of its Commitment at such time, or, if the Commitments shall have terminated, its Total Outstandings at such time.

Total Exposure means at any time with respect to each Revolving Credit Loan Bank, its Revolving Credit Loan Commitment or, if the Revolving Credit Loan Commitments shall have terminated, its Total Outstandings.