FE » Topics » Pro Rata Condition

This excerpt taken from the FE 10-Q filed Nov 7, 2008.
Pro Rata Condition” shall be satisfied at any time if (a) (i) Credit Agreement Exposure at such time does not exceed (ii) the Pro Rata Percentage of the lesser of (x) Total Pro Rata Facility Exposure at such time and (y) the Pro Rata Cap and (b) (i) Credit Agreement Drawn Exposure at such time does not exceed (ii) the Pro Rata Percentage of the lesser of (x) Total Pro Rata Facility Drawn Exposure at such time and (y) the Pro Rata Cap.
 
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