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This excerpt taken from the AYR 8-K filed May 5, 2008. Credit
Exposure” of each Lender shall be equal at all times (a) other than
following the occurrence and during the continuance of an Event of Default, to
the principal amount of its Loans held during such period; and
(b) following the occurrence and during the continuance of an Event of
Default, to the aggregate principal amount of such Lender’s Applicable
Commitment Percentage of Credit Outstandings; provided that,
8
for
the purpose of this definition only, if any Lender shall have failed to fund its
Applicable Commitment Percentage of any Loan, the principal amount of such
Lender’s Loans shall be deemed reduced by the amount it so failed to fund for so
long as such failure shall continue and such Lender’s Credit Exposure
attributable to such failure shall be deemed held by any Lender making more than
its Applicable Commitment Percentage of such Loan to the extent it covers such
failure.
“ This excerpt taken from the AYR 8-K filed May 5, 2008. Credit
Exposure” of each Lender shall be equal at all times (a) other than
following the occurrence and during the continuance of an Event of Default, to
the principal amount of its Loans held during such period; and
(b) following the occurrence and during the continuance of an Event of
Default, to the aggregate principal amount of such Lender’s Applicable
Commitment Percentage of Credit Outstandings; provided that,
8
for
the purpose of this definition only, if any Lender shall have failed to fund its
Applicable Commitment Percentage of any Loan, the principal amount of such
Lender’s Loans shall be deemed reduced by the amount it so failed to fund for so
long as such failure shall continue and such Lender’s Credit Exposure
attributable to such failure shall be deemed held by any Lender making more than
its Applicable Commitment Percentage of such Loan to the extent it covers such
failure.
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