Common use of Fronting Exposure Clause in Contracts

Fronting Exposure. At any time there is a Defaulting Lender, (a) with respect to an Issuing Lender, such Defaulting Lender’s Commitment Percentage of the outstanding Letter of Credit Liabilities with respect to Letters of Credit issued by such Issuing Lender other than Letter of Credit Liabilities as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof and (b) with respect to a Swing Loan Lender, such Defaulting Lender’s Commitment Percentage of Swing Loans made by such Swing Loan Lender other than Swing Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders, repaid by the Borrower or Cash Collateralized in accordance with the terms hereof.

Fronting Exposure. At any time there is a Defaulting Lender, (a) with respect to an the Issuing Lender, such Defaulting Lender’s Commitment Percentage of the outstanding Letter of Credit Liabilities with respect to Letters of Credit issued by such Issuing Lender other than Letter of Credit Liabilities as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized cash collateral or other credit support acceptable to the Issuing Lender shall have been provided in accordance with the terms hereof and (b) with respect to a the Swing Loan Lender, such Defaulting Lender’s Commitment Percentage of outstanding Swing Loans made by such Swing Loan Lender other than Swing Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders, repaid by Lenders or other credit support acceptable to the Borrower or Cash Collateralized Swing Loan Lender shall have been provided in accordance with the terms hereof.

Fronting Exposure. At any time there is a Defaulting Lender, (a) with respect to an Issuing Lenderthe Fronting Bank, such Defaulting Lender’s Commitment Percentage of the outstanding Letter sum of Credit Liabilities with respect to Letters of Credit issued by such Issuing Lender the Maximum Drawing Amount and all Unpaid Reimbursement Obligations other than Letter of Credit Liabilities such Maximum Drawing Amount or Unpaid Reimbursement Obligation as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof hereof, and (b) with respect to a the Swing Loan Line Lender, such Defaulting Lender’s Commitment Percentage of Swing Line Loans made by such Swing Loan Lender other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders, repaid by the Borrower Lenders or Cash Collateralized in accordance with the terms hereof.