Total Loan Exposure definition
Total Loan Exposure means, as to any Lender at any time, (a) in respect of the Term A-1 Facility, the Term A-1 Loan Exposure of such Lender at such time, (b) in respect of the Term A-2 Facility, the Term A-2 Loan Exposure of such Lender at such time, (c) in respect of the Term A-3 Facility, the Term A-3 Loan Exposure of such Lender at such time and (d) in respect of any Incremental Term Loan Facility, the aggregate Outstanding Amount at such time of its Incremental Term Loans under such Incremental Term Loan Facility; provided that at any time prior to the termination of all commitments to make Incremental Term Loans under such Incremental Term Loan Facility, the Total Loan Exposure in respect of such Incremental Term Loan Facility of any Lender shall also include such L▇▇▇▇▇’s unused commitment, if any, at such time to make Incremental Term Loans under such Incremental Term Loan Facility.
Total Loan Exposure means, as to any Lender at any time, (a) in respect of the Term A-1 Facility, the Term A-1 Loan Exposure of such Lender at such time, (b) in respect of the Term A-2 Facility, the Term A-2 Loan Exposure of such Lender at such time, and (c) in respect of any Incremental Term Loan Facility, the aggregate Outstanding Amount at such time of its Incremental Term Loans under such Incremental Term Loan Facility; provided that at any time prior to the termination of all commitments to make Incremental Term Loans under such Incremental Term Loan Facility, the Total Loan Exposure in respect of such Incremental Term Loan Facility of any Lender shall also include such Lender’s unused commitment, if any, at such time to make Incremental Term Loans under such Incremental Term Loan Facility.
Total Loan Exposure means at any time, the aggregate principal amount of all outstanding Revolving Credit Advances.
Examples of Total Loan Exposure in a sentence
From time to time, an amount equal to the lesser of (a) the Revolving Credit Commitments of all the Lenders minus the Revolving Credit Exposure then Outstanding, or (b) (i) the maximum amount of Total Loan Exposure which could be outstanding for the Borrower to remain in compliance with §9.9(a) and §9.9(b) below, less (ii) the Total Loan Exposure then Outstanding.
As of any time of determination, the lesser of (A) a maximum Total Loan Exposure such that the Pool Leverage Ratio would not at such time exceed the percentage required under §9.9(a), or (B) a maximum Total Loan Exposure which would provide a Pool Debt Yield of no less than ten and one-half percent (10.5%).
More Definitions of Total Loan Exposure
Total Loan Exposure means, as to any Lender at any time, (a) in respect of the Term A-1 Facility, the Term A-1 Loan Exposure of such Lender at such time, (b) in respect of the Term A-2 Facility, the Term A-2 Loan Exposure of such Lender at such time, and (c) in respect of the Term A-3 Facility, the Term A-3 Loan Exposure of such Lender at such time and (d) in respect of any Incremental Term Loan Facility, the aggregate Outstanding Amount at such time of its Incremental Term Loans under such Incremental Term Loan Facility; provided that at any time prior to the termination of all commitments to make Incremental Term Loans under such Incremental Term Loan Facility, the Total Loan Exposure in respect of such Incremental Term Loan Facility of any Lender shall also include such ▇▇▇▇▇▇’s unused commitment, if any, at such time to make Incremental Term Loans under such Incremental Term Loan Facility. “Treasury Management Agreement” means any treasury, depository or cash management arrangements, services or products, including, without limitation, overdraft services and automated clearinghouse transfers of funds. “Treasury Management Lender” means any Person that, at the time it enters into a Treasury Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Treasury Management Agreement. “Type” means, with respect to a Loan, its character as a Base Rate Loan or, a Term SOFR Loan or, solely with respect to the Term A-3 Loans, a Daily SOFR Loan. “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. “Unencumbered Asset Value” means, for a Person and its Subsidiaries on a consolidated basis, as of any date of determination, the sum of (a) the aggregate net book value, as determined in accordance with GAAP, of all real property of a Person that is not subject to a Mortgage Lien plus (b) all accumulated depreciation and amortization with respect to such rea...