Aggregate Outstanding Credit Exposure

Aggregate Outstanding Credit Exposure. Means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders (including the Swing Line Lender); provided that solely for purposes of determining whether the Aggregate Outstanding Credit Exposure exceeds the Borrowing Base at any time, the Aggregate Outstanding Credit Exposure shall be deemed reduced by 50% of the aggregate undrawn stated amount under all Performance Letters of Credit at such time.