Common use of Determination of Amount Outstanding Clause in Contracts

Determination of Amount Outstanding. On each Currency Valuation Date and promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice, the Administrative Agent shall determine (A) the sum of the total Credit Exposures and (B) the aggregate LC Exposure in respect of Letters of Credit denominated in Agreed Foreign Currencies. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and AXIS Capital thereof.

Determination of Amount Outstanding. On each Currency Valuation Quarterly Date and promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice, the Administrative Agent shall determine (A) the sum of the total Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans and (B) the aggregate LC Exposure in respect Dollar Amount of all Syndicated Loans, Competitive Loans and Letters of Credit denominated in any Agreed Foreign CurrenciesCurrency. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and AXIS Capital the Company thereof.

Determination of Amount Outstanding. On each Currency Valuation Quarterly Date and promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice, the Administrative Agent shall determine (A) the sum of the total Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans and (B) the aggregate LC Exposure in respect Dollar Amount of Letters of Credit all Syndicated Loans denominated in any Agreed Foreign CurrenciesCurrency. Upon making such determination, the Administrative Agent shall promptly notify the Lenders and AXIS Capital the Borrower thereof.

Determination of Amount Outstanding. On each Currency Valuation Quarterly Date and and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation NoticeNotice (as defined below), the Administrative Agent shall determine (A) the sum of the total Credit Exposures and (B) the aggregate LC Exposure in respect Revolving Multicurrency Credit Exposure. For the purpose of Letters of Credit denominated in Agreed Foreign Currencies. Upon making such this determination, the Administrative Agent shall promptly notify the Lenders outstanding principal amount of any Revolving 94 Revolving Credit and AXIS Capital thereof.Term Loan Agreement