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This excerpt taken from the CVS 8-K filed Mar 23, 2007. “Letter of Credit
Exposure”: at any time, (a) in
respect of all Lenders,
the sum, without duplication, of (i) the maximum aggregate amount which may
be
drawn under all unexpired Letters of Credit at such time (whether the conditions
for drawing thereunder have or may be satisfied), (ii) the aggregate amount,
at
such time, of all unpaid drafts (which have not been dishonored) drawn under
all
Letters of Credit, and (iii) the aggregate unpaid principal amount of the
Reimbursement Obligations at such time, and (b) in respect of any Lender, an
amount equal to such Lender’s Commitment Percentage at such time multiplied by
the amount determined under clause (a) of this definition.
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