This excerpt taken from the FL 8-K filed May 21, 2008.
Credit Exposure means, as to any Bank at any time:
(i) the amount of its Commitment (whether used or unused) at such time; or
(ii) if the Commitments have terminated or expired in their entirety, the sum of (x) its Outstanding Committed Amount and (y) the aggregate outstanding principal amount of its Money Market Loans,
all determined at such time after giving effect to any prior assignments by or to such Bank pursuant to Section 8.06 or 9.06.