Tranche A Exposure definition

Tranche A Exposure as to any Lender at any time, an amount equal to the sum of (a) the outstanding aggregate amount of such Lender’s Tranche A Loans at such time and (b) such Lender’s Applicable Percentage of the Tranche A L/C Obligations then outstanding.

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

Tranche A Exposure means, with respect to each Bank, the aggregate outstanding principal amount of its Tranche A Loans.

Examples of Tranche A Exposure in a sentence

• No Tranche A Letter of Credit shall be issued (nor shall any Tranche A Letter of Credit be amended, renewed or extended) if (except as contemplated by Section 2.11(b)(iii)) it would result in the Tranche A Exposure exceeding the Total Tranche A Reimbursement Commitment in effect at such time.

• The Borrower shall have the right, upon at least three Business Days' prior written notice to the Administrative Agent, at any time to terminate, or from time to time reduce, the Aggregate Tranche A Commitments, provided that the Borrower shall not terminate or reduce the Aggregate Tranche A Commitments if, after giving effect to any concurrent prepayment of the Tranche A Loans in accordance with Section 2.5, the Aggregate Tranche A Exposure would exceed the Aggregate Tranche A Commitments.

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• Simultaneously with each reduction or termination (pursuant to Section 2.3(c) or otherwise) of the Aggregate Tranche A Commitments, the Borrower shall prepay or repay the Tranche A Loans by the amount, if any, by which the Aggregate Tranche A Exposure exceeds the amount of the Aggregate Tranche A Commitments as so reduced or terminated.

• Should the Tranche A Exposure exceed the Tranche A Borrowing Base Amount or the Tranche A Total Commitment at any time, the Borrowers shall within one (1) Business Day repay the Tranche A Revolving Loans in the amount of such deficiency.

More Definitions of Tranche A Exposure

Tranche A Exposure means, with respect to each Bank, the amount of its Tranche A Commitment, if still in existence, or the aggregate outstanding principal amount of its Tranche A Loans, if its Tranche A Commitment is no longer in existence.

Tranche A Exposure means, at any time, the sum of (a) the aggregate principal amount of all Tranche A Loans outstanding, and (b) the Tranche A Swing Line Exposure.

Tranche A Exposure with respect to any Tranche A Lender as of any date, the sum as of such date of (i) the outstanding principal balance of such Lender's Tranche A Loans, plus (ii) such Lender's Letter of Credit Exposure.

Tranche A Exposure means, as to any Lender, (i) at any time before the termination of its Tranche A Commitment in its entirety, the amount of its Tranche A Commitment at such time; or (ii) at any time thereafter, if its Tranche A Commitment has terminated in its entirety, its Outstanding Tranche A Amount, all determined at such time after giving effect to any prior assignments by or to such Lender pursuant to Section 11.06(c).

Tranche A Exposure has the meaning specified in the definition of “Required Lenders.”

Tranche A Exposure means, with respect to any Tranche A Lender at any time, the sum of its Pro Rata Percentage of the outstanding principal amount of the Tranche A Loans, its L/C Exposure and its Swingline Exposure at such time.

Tranche A Exposure means at any time the aggregate principal amount at such time of all Tranche A Reimbursement Loans plus the amount at such time of the Tranche A L/C Exposure plus an amount equal to the aggregate amounts of the Interest Components and Foreign Currency Components held in reserve pursuant to Section 2.11(b)(ii) and not subsequently applied pursuant to Section 2.11(b)(iv). The Tranche A Exposure of any Tranche A Lender at any time shall mean its Applicable Percentage of the Tranche A Exposure at such time.