If, on the date of such determination the aggregate Revolving Dollar Credit Exposure minus the Dollar LC Exposure fully cash collateralized pursuant to [Section 2.05(l)] on such date exceeds the aggregate amount of the Dollar Commitments as then in effect, the Borrower shall, if requested by the Required Dollar (through the Administrative Agent), prepay the Dollar Loans (and/or provide cover for Dollar LC Exposure as specified in [Section 2.05(l)]) within fifteen (15) Business Days following the date the Borrower receives such request in such amounts, if any, as shall be necessary so that after giving effect thereto and the determination of the aggregate Revolving Dollar
“LC Exposure” means, at any time, the sum of # the US Dollar Equivalents of the undrawn amounts of all outstanding Letters of Credit at such time plus # the sum of the US Dollar Equivalents of the amounts of all LC Disbursements that have not yet been reimbursed by or on behalf of the applicable Borrowers at such time (giving effect to any conversion of the Borrowers’ reimbursement obligations in respect of any LC Disbursements into US Dollar denominated obligations as provided in [Section 2.05]). The LC Exposure of any Lender at any time shall be its Global Tranche Percentage of the aggregate LC Exposure at such time, adjusted to give effect to any reallocation under Section 2.21 of the LC Exposures of Defaulting Lenders in effect at such time.
“Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal Dollar Amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.
“Applicable Dollar Percentage” means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment, subject to adjustment as required to give effect to any reallocation of Dollar LC Exposure or Swingline Exposure incurred under its Dollar Commitments made pursuant to [Section 2.19(a)(iv)]. If all the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.
Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving Loans to the Borrowers in Agreed Currencies from time to time during the Availability Period in an aggregate principal amount that will not result in, subject to Sections 2.04 and 2.11(b), (i) the Dollar Amount of such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, # the sum of the Dollar Amount of the Total Revolving Credit Exposure exceeding the Aggregate Commitment or # the Dollar Amount of the total outstanding Revolving Loans, LC Exposure and Swingline Loans denominated in Foreign Currencies exceeding the Foreign Currency Sublimit. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Revolving Loans.
LC Exposure means, with respect to any Lender at any time, such Lenders Applicable Percentage of the Total LC Exposure at such time.
if cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to [clause (ii) above], shall not be required to pay any fees to such Defaulting Lender pursuant to [Section 2.12(b)] with respect to such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized;
if any Swingline Exposure or LC Exposure exists at the time a Lender becomes a Defaulting Lender then:
any subsequent reallocation of LC Exposure or Swingline Exposure among non-Defaulting described in [clause (i) above]);
if the LC Exposure of such Defaulting Lender is reallocated pursuant to [clause (i) above], then the fees payable to the Lenders pursuant to Section 2.11(a) and [Section 2.11(b)] shall be adjusted in accordance with the amounts of such LC Exposure allocated to the non-Defaulting Lenders; and # if all or any portion of such Defaulting Lender’s LC Exposure is neither reallocated nor cash collateralized pursuant to [clause (i) or (ii) above], then, without prejudice to any rights or remedies of the Issuing Banks or any other Lender hereunder, all Letter of Credit fees payable under [Section 2.11(b)] with respect to such Defaulting Lender’s LC Exposure shall be payable to the applicable Issuing Banks until and to the extent that such LC Exposure is reallocated and/or cash collateralized; and
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