US Revolving Loan Exposure definition

US Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the US Revolver Commitments, the amount of such Revolving Lender’s US Revolver Commitment, and (b) after the termination of the Commitments, the aggregate outstanding principal amount of the US Revolving Loans of such Revolving Lender.
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US Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the US Revolver Commitments, the amount of such Lender's US Revolver Commitment, and (b) after the termination of the US Revolver Commitments, the aggregate outstanding principal amount of the US Revolving Loans of such Lender.
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US Revolving Loan Exposure the sum of (i) the principal amount of the outstanding US Revolving Credit Loans plus (ii) the aggregate outstanding LC Amount plus (iii) the unpaid LC Obligations.
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Examples of US Revolving Loan Exposure in a sentence

  • For so long as any of any Revolver Commitments are in effect and/or any Obligations are outstanding, a portion of the U.S. Revolver Commitments may be allocated to support the availability of Australian Revolving Loan Exposure and a portion of the Australian Revolver Commitments may be allocated to support the availability of U.S. Revolving Loan Exposure, in each case in accordance with this Section 2.2.


More Definitions of US Revolving Loan Exposure

US Revolving Loan Exposure means, with respect to any Lender as of any date of determination (i) prior to the termination of the US Revolving Loan Commitments, that Lender’s US Revolving Loan Commitment and (ii) after the termination of the US Revolving Loan Commitments, the sum (without duplication) of (a) aggregate outstanding principal amount of the US Revolving Loans of that Lender plus (b) in the event that Lender is an Issuing Lender in respect of a Letter of Credit issued under the US Revolving Facility, the aggregate Letter of Credit Usage in respect of all Letters of Credit issued by that Lender under the US Revolving Facility (in each case net of any participation purchased by other Lenders in such Letters of Credit or any unreimbursed drawings thereunder) plus (c) the aggregate amount of all participations purchased by that Lender in any outstanding Letters of Credit issued under the US Revolving Facility.
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Related to US Revolving Loan Exposure

  • 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.

  • Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Revolving L/C Exposure of any Class shall mean at any time the sum of (a) the aggregate undrawn amount of all Letters of Credit applicable to such Class outstanding at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof) and (b) the aggregate principal amount of all L/C Disbursements applicable to such Class that have not yet been reimbursed at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof). The Revolving L/C Exposure of any Class of any Revolving Facility Lender at any time shall mean its applicable Revolving Facility Percentage of the aggregate Revolving L/C Exposure applicable to such Class at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standard Practices, International Chamber of Commerce No. 590, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.