Examples of Working Capital Credit Exposure in a sentence
Subject to the terms and conditions set forth herein, each Lender agrees to make Working Capital Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Working Capital Credit Exposure exceeding such Lender’s Working Capital Commitment and (b) the sum of the total Working Capital Credit Exposures exceeding the total Working Capital Commitments.
Subject to the terms and conditions set forth herein, each Revolving Lender agrees to make Working Capital Loans to the Borrower from time to time during the Revolving Credit Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Working Capital Credit Exposure exceeding such Lender’s Working Capital Commitment and (b) the sum of the total Working Capital Credit Exposures exceeding the total Working Capital Commitments.
If the Outstanding Working Capital Credit Exposure at the expiration of the Temporary Increase Period exceeds $8,000,000, the Borrower will be required to make an immediate prepayment on the outstanding Working Capital Loans in an amount equal to such excess.