Examples of Total Facility Exposure in a sentence
If on any date the Administrative Agent shall notify the applicable Borrower that, by virtue of any change in the Foreign Exchange Rate of any Foreign Currency in which a Letter of Credit is denominated, the Total Facility Exposure shall exceed the Total Commitment then in effect, then, within three Business Days after the date of such notice, such Borrower shall prepay the Revolving Credit Loans and/or the Swingline Loans to the extent necessary to eliminate such excess.
If on any date the Administrative Agent shall notify Infinity that, by virtue of any change in the Foreign Exchange Rate of any Foreign Currency in which a Letter of Credit is denominated, the Total Facility Exposure shall exceed the Total Commitment then in effect, then, within three Business Days after the date of such notice, Infinity shall prepay the Revolving Credit Loans and/or the Swingline Loans to the extent necessary to eliminate such excess.
GCF for itself and its Affiliates hereby agrees that it shall not sell, assign or participate its rights or obligations hereunder if, as a result of such sale, assignment or transfer and after giving effect thereto, GCF and its Affiliates would own in the aggregate less than 50.1% of the aggregate principal amount of the Total Facility Exposure on the date thereof.
Notwithstanding any other provisions of this Credit Agreement and in addition to the limit set forth above, at no time shall the Dollar Equivalent of the Total Facility Exposure exceed the Total Commitment at such time.
If on any date the Administrative Agent shall notify CBS that, by virtue of any change in the Foreign Exchange Rate of any Foreign Currency in which a Letter of Credit is denominated, the Total Facility Exposure shall exceed the Total Commitment then in effect, then, within three Business Days after the date of such notice, CBS shall prepay the Revolving Credit Loans and/or the Swingline Loans to the extent necessary to eliminate such excess.