Currency Exposure. If the Administrative Agent notifies the Company at any time that the Outstanding Amount as of any Revaluation Date of Committed Loans, Swing Line Loans and L/C Obligations, as applicable, with respect to any Tranche exceeds the Applicable Sublimit for such Tranche then in effect, the Borrowers shall promptly, and in any event within one (1) Business Day, prepay the Loans made under such Tranche and/or Cash Collateralize the L/C Obligations issued under such Tranche, if any, in an aggregate amount equal to such excess; provided, however, that the Company shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.06(e) unless after the prepayment in full of the Loans or of the Loans made under such Tranche, as applicable, such excess remains.
Currency Exposure. For dealing in Securities and for cash settlement in currencies other than the Customer's base currency, the Customer acknowledges there may be profits or losses arising as a result of a fluctuation in exchange rates, which shall be entirely for the Customer's account and risk.
Currency Exposure. The Company shall determine the allocation of its assets to non-United States dollar denominated securities and the appropriate level of currency exposure. Currency exposure is to be limited to that exposure necessary to hedge loss reserves, unearned premium reserves and profit commissions. Speculation of non-US dollar denominated currencies is strictly prohibited. Specific allocations to sectors and issuers must be made consistent with the diversification and credit quality of US dollar securities. The Company will notify the investment manager in writing (e-mail will be sufficient) at least annually of the currency exposure and allocations.
Currency Exposure. The choice of base currency (the currency in which you want to build your wealth and measure your returns) has significant impact on the way your capital will be invested. Please indicate the base currency for your portfolio. Sterling U.S. Dollars Euro Other (please state) Our aim is to optimise investment returns measured in the base currency selected. Whilst your portfolio will contain a bias to the base currency, it will be managed on a global basis and will therefore contain exposure to assets outside of the base currency. If you do not wish to have any exposure to assets outside of the base currency please notify us on Page 7 in the Portfolio investment limit(s) and restriction(s) section.
Currency Exposure. The Company does not have, and will not on Completion have, any unhedged foreign currency exposure.
Currency Exposure. Accounts trading the Discus Program are usually denominated in US dollar. The program will thus use the US dollar as its base currency and will trade non-US dollar denominated instruments as well as US dollar denominated instruments. Accordingly, the value of an account may be affected favorably or unfavorably by fluctuations in currency rates. Although the Trading Advisor will at the instruction of its clients undertake a currency hedging policy, there is no guarantee that such a policy will be successful, in whole or in part, and the costs of operating such policy will be borne by the account holders. Under the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act of 2010 (“Xxxx Xxxxx”), various restrictions have been imposed on persons trading foreign exchange not on regulated exchanges for the account of retail investors and has imposed additional requirements on commodity pools that may engage in such foreign exchange transactions in the over-the-counter markets. Although final rules implementing and interpreting the changes have not yet been published, the changes to the definitions of “eligible contract participant” could have an adverse impact on an Account if it will no longer qualify as an “eligible contract participant” after the change becomes effective.
Currency Exposure. Macquarie shall be entitled, without prior notice to you, to make any currency conversions it considers necessary or desirable for the purposes of complying with its obligations or exercising any of its rights hereunder. Any such conversion shall be effected by Macquarie in such manner and at such rates as it may in its absolute discretion determine having regard to the prevailing rates for freely-convertible currencies. In addition to any rights hereunder, if, for the purposes of any claim, proof or order, a liability which you owe to Macquarie must be converted into a currency other than that in which it would otherwise have been due, you shall pay to Macquarie such additional amounts as may be necessary to ensure that, when received and converted, Macquarie will receive the full amount in the original currency as would have been received had no such conversion been required.
