Examples of US Tranche Revolving Exposure in a sentence
A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the US Tranche Revolving Exposure shall not exceed the total US Tranche Revolving Commitments and (ii) the aggregate face amount of all outstanding Letters of Credit shall not exceed $25,000,000.
A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the US Tranche Revolving Exposure shall not exceed the total US Tranche Revolving Commitments and (ii) the aggregate face amount of all outstanding Letters of Credit shall not exceed $50,000,000.
In the event that at any time the aggregate amount of the US Tranche Revolving Exposure exceeds the US Tranche Revolving Commitments, the Company will forthwith make such repayments or prepayments of US Tranche Revolving Loans as shall be necessary to cause the aggregate amount of the US Tranche Revolving Exposure to no longer exceed the US Tranche Revolving Commitments.
Subject to the terms and conditions set forth herein, each US Tranche Lender agrees to make US Tranche Revolving Loans denominated in US Dollars to any Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s US Tranche Revolving Exposure exceeding such Lender’s US Tranche Commitment or (ii) the sum of the total US Tranche Revolving ExposuresExposure exceeding the total US Tranche Commitments.
Subject to the terms and conditions set forth herein, each US Tranche Lender agrees to make US Tranche Revolving Loans denominated in US Dollars to the Company from time to time during the US Tranche Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate US Tranche Revolving Exposures exceeding the aggregate US Tranche Commitments or (ii) the US Tranche Revolving Exposure of any Lender exceeding its US Tranche Commitment.