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This excerpt taken from the WEN 8-K filed Jan 16, 2009. L/C Percentage”
means, with respect to any L/C Lender, a portion equal to a fraction the
numerator of which is such L/C Lender’s L/C Commitment at such time and the
denominator of which is the Aggregate L/C Commitment at such time; provided that
in the case of Section
2.21 when any Defaulting Lender shall exist, “L/C
Percentage” shall mean the percentage of the Aggregate L/C Commitment
(disregarding any Defaulting Lender’s L/C Commitment) represented by such L/C
Lender’s L/C Commitment. If the Aggregate L/C Commitment has been
terminated or expired, a fraction the numerator of which is the aggregate
outstanding principal amount of such L/C Lender’s L/C Exposure and the
denominator of which is the L/C Obligations.
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