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Global Guarantors
Global Guarantors contract clause examples

Global Tranche LC Exposure” means, at any time, the sum of # the aggregate undrawn Dollar Amount of all outstanding Global Tranche Letters of Credit at such time plus # the aggregate Dollar Amount of all LC Disbursements in respect of Global Tranche Letters of Credit that have not yet been reimbursed by or on behalf of at such time. The Global Tranche LC Exposure of any Global Tranche Lender at any time shall be its Global Tranche Percentage of the total Global Tranche LC Exposure at such time.

LC Exposure” means, at any time, the sum of # the aggregate undrawn Dollar Amount of all outstanding Letters of Credit at such time plus # the aggregate Dollar Amount of all LC Disbursements that have not yet been reimbursed by or on behalf of at such time. The LC Exposure of any Global Tranche Lender at any time shall be its Global Tranche Percentage of the total Global Tranche LC Exposure at such time and the LC Exposure of any US Tranche Lender at any time shall be its US Tranche Percentage of the total US Tranche LC Exposure at such time.

US Tranche LC Exposure” means, at any time, the sum of # the aggregate undrawn Dollar Amount of all outstanding US Tranche Letters of Credit at such time plus # the aggregate Dollar Amount of all LC Disbursements in respect of US Tranche Letters of Credit that have not yet been reimbursed by or on behalf of at such time. The US Tranche LC Exposure of any US Tranche Lender at any time shall be its US Tranche Percentage of the total US Tranche LC Exposure at such time.

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.

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.

LC Exposure” means, at any time, the sum of # the US Dollar Equivalents (determined using the Exchange Rate) of the undrawn amounts of all outstanding Letters of Credit at such time plus # the sum of the US Dollar Equivalents (determined using the Exchange Rate) 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.

Global Tranche Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of # the aggregate amount of the US Dollar Equivalents of such Lender’s outstanding Global Tranche Revolving Loans, # the amount of such Lender’s LC Exposure and # the amount of such Lender’s Swingline Exposure.

LC Exposure” means, at any time, the sum of # the aggregate undrawn Dollar Amount of all outstanding Letters of Credit at such time plus # the aggregate Dollar Amount of all LC Disbursements that have not yet been reimbursed by or on behalf of at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.

Global Tranche Revolving Credit Exposure” means, with respect to any Global Tranche Lender at any time, the sum of # the aggregate amount of the US Dollar Equivalents of such Global Tranche Lender’s outstanding Global Tranche Revolving Loans, # the amount of such Global Tranche Lender’s LC Exposure and # the amount of such Global Tranche Lender’s Swingline Exposure.

LC Exposure” means, at any time, the sum of # the aggregate undrawn amount of all outstanding Letters of Credit at such time (including any Letter of Credit for which a draft has been presented but not yet honored by any Issuing Bank) plus # the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Multicurrency Lender at any time shall be its Applicable Multicurrency Percentage of the total Multicurrency LC Exposure at such time and the LC Exposure of any Dollar Lender at any time shall be its Applicable Dollar Percentage of the total Dollar LC Exposure at such time.

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