Example ContractsClausesdefaulting banksVariants
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Fronting Exposure” means, at any time there is a Defaulting Bank, such Defaulting Bank’s Revolving Commitment Percentage of the outstanding L/C Obligations (other than L/C Obligations as to which such Defaulting Bank’s participation obligation has been reallocated to other non-Defaulting Banks or cash collateralized in accordance with the terms hereof).

Fronting Exposure” means, at any time there is a Defaulting Bank,Lender, with respect to the L/C Issuers, such Defaulting Bank’Lender’s Revolving CommitmentApplicable Percentage of the Outstanding Amount of all outstanding L/C Obligations (otherother than L/C Obligations as to which such Defaulting Bank’Lender’s participation obligation has been reallocated to other non-Defaulting Banks[[Loan Parties:Organization]] or cash collateralizedCash Collateralized in accordance with the terms hereof). hereof.

Fronting Exposure” means, at any time there is a Defaulting Bank,Lender, with respect to any L/C Issuer, such Defaulting Bank’Lender’s Revolving CommitmentApplicable Percentage of the outstanding L/C Obligations (otherother than L/C Obligations as to which such Defaulting Bank’Lender’s participation obligation has been reallocated to other non-Defaulting BanksLenders or cash collateralizedCash Collateralized in accordance with the terms hereof). hereof.

Fronting Exposure” means, at any time there is a Defaulting Bank,Lender, # with respect to any Issuing Lender, such Defaulting Bank’Lender’s Revolving Credit Commitment Percentage of the outstanding L/C Obligations (otherwith respect to Letters of Credit issued by such Issuing Lender, other than such L/C Obligations as to which such Defaulting Bank’Lender’s participation obligation has been reallocated to other non-Defaulting Banks or cash collateralizedCash Collateralized in accordance with the terms hereof). hereof and # with respect to the Swingline Lender, such Defaulting Lender’s Revolving Credit Commitment Percentage of outstanding Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other or Cash Collateralized in accordance with the terms hereof.

Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to the Issuing Bank, such Defaulting Bank’Lender’s Revolving CommitmentPro Rata Percentage of the outstanding L/CLetter of Credit Obligations (otherwith respect to Letters of Credit issued by the Issuing Bank other than L/CLetter of Credit Obligations as to which such Defaulting Bank’Lender’s participation obligation has been reallocated to other non-Defaulting Banks[[Organization B:Organization]] or cash collateralizedCash Collateralized in accordance with the terms hereof). hereof.

Fronting Exposure” means, at any time there is a Defaulting Bank,Lender that is a Revolving Credit Lender, # with respect to the L/C Issuer, such Defaulting Bank’Lender’s Revolving CommitmentApplicable Percentage of the outstanding L/C Obligations (otherother than L/C Obligations as to which such Defaulting Bank’Lender’s participation obligation has been reallocated to other non-Defaulting BanksLenders or cash collateralizedCash Collateralized in accordance with the terms hereof). hereof, and # with respect to the Swing Line Lender, such Defaulting Lender’s Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.

Fronting Exposure” means, at any time there is a Defaulting Bank,Lender, with respect to the L/C Issuers, such Defaulting Bank’Lender’s Revolving Commitment PercentagePro Rata Share of the outstanding L/C Obligations (otherother than L/C Obligations as to which such Defaulting Bank’Lender’s participation obligation has been reallocated to other non-Defaulting BanksLenders, Cash Collateralized or cash collateralizedother credit support acceptable to the applicable L/C Issuer in its sole discretion shall have been provided, in each case, in accordance with the terms hereof). hereof.

Fronting Exposure” means, at any time there is a Defaulting Lender, # with respect to any Issuing Bank, such Defaulting Bank’Lender’s Revolving CommitmentApplicable Percentage of the outstanding L/C Obligations (otherLC Exposure with respect to Letters of Credit issued by such Issuing Bank other than L/C ObligationsLC Exposure as to which such Defaulting Bank’Lender’s participation obligation has been reallocated to other non-Defaulting BanksLenders or cash collateralized in accordance with the terms hereof). hereof, and # with respect to the Swingline Lender, such Defaulting Lender’s Applicable Percentage of outstanding Swingline Loans made by such Swingline Lender other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Lenders.

Fronting Exposure” means, at any time there is a Defaulting Bank,Lender that is a Revolving Lender, # with respect to the L/C Issuer, such Defaulting Bank’Lender’s Revolving CommitmentApplicable Percentage of the outstanding L/C Obligations (otherother than L/C Obligations as to which such Defaulting Bank’Lender’s participation obligation has been reallocated to other non-Defaulting BanksRevolving Lenders or cash collateralizedCash Collateralized in accordance with the terms hereof). hereof, and # with respect to the Swingline Lender, such Defaulting Lender’s Applicable Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Lenders or Cash Collateralized in accordance with the terms hereof.

Fronting Exposure” means, at any time there is a Defaulting Bank,, with respect to each L/C Issuer, such Defaulting Bank’s Revolving Commitment PercentagePro Rata Share of the outstanding L/C Obligations (otherwith respect to Letters of Credit issued by such L/C Issuer other than L/C Obligations as to which such Defaulting Bank’s participation obligation has been reallocated to other non-Defaulting Banks or cash collateralized in accordance with the terms hereof). hereof.

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