FX Reduction Amount definition

FX Reduction Amount is defined in Section 2.1.3.

FX Reduction Amount means, with respect to a given FX Contract, the notional amount thereof multiplied by the currency exchange risk factor for the currencies involved in the FX Contract, multiplied by the current foreign exchange spot rates, in each instance as determined and calculated by Bank in its sole discretion.

FX Reduction Amount is defined in Section 2.1.3. “GAAP” is generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be approved by a significant segment of the accounting profession, which are applicable to the circumstances as of the date of determination.

Examples of FX Reduction Amount in a sentence

• In that way, Clause 5(1) of the framework agreement assigns to the Member States a general objective of preventing such abuse, while leaving to them the choice as to how to achieve it, provided that they do not compromise the objective or the practical effect of the framework agreement (judgment of 19 March 2020, Sánchez Ruiz and Others, C-103/18 and C-429/18, EU:C:2020:219, paragraph 85 and the case-law cited).

• The aggregate FX Reduction Amount at any one time may not exceed Five Million Dollars ($5,000,000), minus (i) the sum of all amounts used for Cash Management Services, and minus (ii) the aggregate Dollar Equivalent of the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve).

• The aggregate Dollar Equivalent of the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Five Million Dollars ($5,000,000), minus (i) the sum of all amounts used for Cash Management Services, and minus (ii) the FX Reduction Amount.

More Definitions of FX Reduction Amount

FX Reduction Amount means, with respect to a given FX Contract, the notional amount thereof multiplied by the currency exchange risk factor for the currencies involved in the FX Contract, multiplied by the current foreign exchange spot rates, in each instance as determined and calculated by Bank in its reasonable discretion.

FX Reduction Amount is defined in Section 2.1.5.” “FX Reserve” is defined in Section 2.1.5.” i4 “Letter of Credit” means a standby letter of credit issued by Bank or another institution based upon an application, guarantee, indemnity or similar agreement on the part of Bank as set forth in Section 2.1.4.”

FX Reduction Amount. “FX Reserve”, “Letter of Credit Application”, “Letter of Credit Reserve”, and “Settlement Date” set forth in Section 13.1 of the Loan Agreement and all references thereto in the Loan Agreement are hereby deleted in their entirety.

FX Reduction Amount. “FX Reserve” “Payment/Advance Form” “Settlement Date”

FX Reduction Amount means, with respect to a given FX Contract, the notional amount thereof multiplied by the currency exchange risk factor for the currencies involved in the FX Contract, multiplied by the current foreign exchange spot rates, in each instance as determined and calculated by Bank in its commercially reasonable discretion.” “ “Liquidity” is, at any time, the sum of (a) the aggregate amount of unrestricted and unencumbered cash and Cash Equivalents held at such time by Borrower in Deposit Accounts or Securities Accounts maintained with Bank and/or its Affiliates (including amounts in the Cash Collateral Account), and (b) the Availability Amount.”

FX Reduction Amount is defined in Section 2.4. 27 ny-1693906

FX Reduction Amount is defined in Section 2.1.4. Portions of this Exhibit were omitted, as indicated by [***], and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended.