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

  • The Administrative Agent shall calculate the Dollar Equivalent of the Tranche 1 Revolving Credit Exposure and the Tranche 2 Revolving Credit Exposure (but only with respect to Revolving Loans of such Class denominated in a Foreign Currency) on each applicable Revaluation Date.


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.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • 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.

  • Unused Revolving Credit Commitment means, with respect to any Lender at any date of determination, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time plus (ii) such Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letter of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(c) and outstanding at such time.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.