Tranche 1 Revolving Credit Exposure definition

Tranche 1 Revolving Credit Exposure means, at any time for any Tranche 1 Revolving Credit Lender, the sum of (a) the Outstanding Amount of the Tranche 1 Revolving Credit Loans of such Lender outstanding at such time and (b) the L/C Exposure of such Lender at such time.
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Tranche 1 Revolving Credit Exposure means as to each Tranche 1 Revolving Credit Lender at any time, the sum of (a) the Outstanding Amount of such Revolving Credit Lender’s Tranche 1 Revolving Credit Loans at such time, (b) each Tranche 1 L/C Participation of such Tranche 1 Revolving Credit Lender outstanding at such time (except to the extent such Tranche 1 L/C Participation shall have been funded as an L/C Advance or a Tranche 1 Revolving Credit Loan as of such time), (c) each L/C Advance of such Tranche 1 Revolving Credit Lender outstanding at such time, (d) each Tranche 1 Swing Line Participation of such Tranche 1 Revolving Credit Lender at such time (except to the extent such Tranche 1 Swing Line Participation shall have been funded as a Tranche 1 Revolving Credit Loan or pursuant to Section 2.04(c)(ii) as of such time), (e) all amounts outstanding that have been funded pursuant to Section 2.04(c)(ii) at such time and (f) each Tranche 1 Protective Advance Participation of such Tranche 1 Revolving Credit Lender at such time.
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Tranche 1 Revolving Credit Exposure means, as to any Tranche 1 Revolving Lender at any time, the aggregate principal amount at such time of its outstanding Tranche 1 Revolving Loans and such Tranche 1 Revolving Lender’s participation in Letter of Credit Liabilities at such time.
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Examples of Tranche 1 Revolving Credit Exposure in a sentence

  • Subject to the terms and conditions set forth herein, each Tranche 1 Revolving Credit Lender severally agrees to make (or cause its Applicable Lending Office to make) Tranche 1 Revolving Credit Loans in Dollars from time to time during the Availability Period with respect to the Tranche 1 Revolving Credit Facility in Dollars in an aggregate principal amount that will not result in such Lender’s Tranche 1 Revolving Credit Exposure exceeding such Xxxxxx’s Tranche 1 Revolving Credit Commitment.


More Definitions of Tranche 1 Revolving Credit Exposure

Tranche 1 Revolving Credit Exposure means, as to any Tranche 1 Revolving Lender at any time, the aggregate principal
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Related to Tranche 1 Revolving Credit Exposure

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.

  • Total Revolving Credit Exposure means, as to any Revolving Credit Lender at any time, the unused Revolving Credit Commitments and the Revolving Credit Exposure of such Revolving Credit Lender at such time.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

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

  • Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender's Loans at such time.