Common use of Foreign Exchange Facility Clause in Contracts

Foreign Exchange Facility. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make available to Borrower a facility (the "Foreign Exchange Facility") under which Bank, from time to time up to and including November 5, 2001, will enter into foreign exchange contracts for the account of Borrower for the purchase and/or sale by Borrower in United States dollars or Danish Krone; provided however, that the maximum amount of all outstanding foreign exchange contracts shall not at any time exceed an aggregate of Seven Hundred Fifty Thousand United States Dollars (US$750,000.00). No foreign exchange contract shall be executed for a term in excess of twelve (12) months or for a term which extends beyond November 5, 2001. Borrower shall have a "Delivery Limit" under the Foreign Exchange Facility not to exceed at any time the aggregate principal amount of Two Hundred Seventy-five Thousand United States Dollars (US$275,000.00), which Delivery Limit reflects the maximum principal amount of Borrower's foreign exchange contracts which may mature during any one (1) day period. All foreign exchange transactions shall be subject to the additional terms of a Foreign Exchange Agreement, substantially in the form of Exhibit D attached hereto ("Foreign Exchange Agreement"), all terms of which are incorporated herein by this reference.

Foreign Exchange Facility. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make available to Borrower Borrowers a facility (the "Foreign Exchange Facility") under which Bank, from time to time up to and including November 5December 31, 20012002, will enter into foreign exchange contracts for the account of either Borrower for the purchase and/or sale by a Borrower in United States dollars or Danish Krone; of foreign currencies designated by such Borrower, provided however, that the maximum amount of all outstanding foreign exchange contracts shall not at any time exceed an aggregate of Seven Hundred Fifty Thousand Five Million United States Dollars (US$750,000.005,000,000.00). No foreign exchange contract shall be executed for a term in excess of twelve (12) months or for a term which extends beyond November 5December 21, 20012002. Borrower Borrowers shall have a "Delivery Limit" under the Foreign Exchange Facility not to exceed at any time the aggregate principal amount of Two Hundred Seventy-five Thousand United States Xxx Xxxxxxx Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (US$275,000.001,500,000.00), which Delivery Limit reflects the maximum combined principal amount of each Borrower's foreign exchange contracts which may mature during any one two (12) day period. All foreign exchange transactions shall be subject to the additional terms of a Foreign Exchange Agreement, substantially in the form of Exhibit D B attached hereto ("Foreign Exchange Agreement"), all terms of which are incorporated herein by this reference.

Foreign Exchange Facility. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make available to Borrower a facility (the "Foreign Exchange Facility") under which Bank, from time to time up to and including November 530, 20012000, will enter into foreign exchange contracts for the account of Borrower for the purchase and/or sale by Borrower in United States dollars or Danish Krone; of foreign currencies designated by borrower provided however, that the maximum amount of all outstanding foreign exchange contracts shall not at any time exceed an aggregate of Seven Hundred Fifty Thousand One Million and No/100 United States Dollars (US$750,000.001,000,000.00). No foreign exchange contract shall be executed for a term in excess of twelve three (123) months or for a term which extends beyond November 530, 20012000. Borrower shall have a "Delivery Limit" under the Foreign Exchange Facility not to exceed at any time the aggregate principal amount of Two Three Hundred Seventy-five Thousand and No/100 United States State Dollars (US$275,000.00300,000.00), which Delivery Limit reflects the maximum principal amount of Borrower's foreign exchange contracts which may mature during any one two (12) day period. All foreign exchange transactions shall be subject to the additional terms of a Foreign Exchange Agreement, substantially in the form of Exhibit D B attached hereto ("Foreign Exchange Agreement"), all terms of which are incorporated herein by this reference."

Foreign Exchange Facility. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make available to Borrower a facility (the "Foreign Exchange Facility") under which Bank, from time to time up to and including November 5February 1, 20012006, will enter into foreign exchange contracts for the account of Borrower for the purchase and/or sale by Borrower in United States dollars or Danish Kroneof Euro, Pound, Japanese yen, Australian dollars, Rand, Canadian dollars, Mexican Peso, Singapore dollars and Brazilian real; provided however, that the maximum amount of all outstanding foreign exchange contracts shall not at any time exceed an aggregate of Seven Hundred Fifty Thousand Twenty-five Million United States Dollars (US$750,000.0025,000,000.00). No foreign exchange contract shall be executed for a term in excess of twelve (12) months or for a term which extends beyond November 5February 1, 20012006. Borrower shall have a "Delivery Limit" under the Foreign Exchange Facility not to exceed at any time the aggregate principal amount of Two Hundred Seventy-five Thousand Five Million United States Dollars (US$275,000.005,000,000.00), which Delivery Limit reflects the maximum principal amount of Borrower's foreign exchange contracts which may mature during any one two (12) day period. All foreign exchange transactions shall be subject to the additional terms of a Foreign Exchange Agreement, substantially in the form of Exhibit D EXHIBIT B attached hereto ("Foreign Exchange Agreement"), all terms of which are incorporated herein by this reference."

Foreign Exchange Facility. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make available to Borrower a facility (the "Foreign Exchange Facility") under which Bank, from time to time up to and including November 5July 1, 20012006, will enter into foreign exchange contracts for the account of Borrower for the purchase and/or sale by Borrower in United States dollars or Danish Kroneof various foreign currencies; provided however, that the maximum amount of all outstanding foreign exchange contracts shall not at any time exceed an aggregate of Seven Hundred Fifty Thousand United States Xxx Xxxxxxx Xxx Xxxxxxx Xxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (US$750,000.001,250,000.0). No foreign exchange contract shall be executed for a term in excess of twelve (12) months or for a term which extends beyond November 5, 2001the maturity date of the Foreign Exchange Facility. Borrower shall have a "Delivery Limit" under the Foreign Exchange Facility not to exceed at any time the aggregate principal amount of Two Seven Hundred Seventy-five Fifty Thousand United States Dollars (US$275,000.00750,000.00), which Delivery Limit reflects the maximum principal amount of Borrower's foreign exchange contracts which may mature during any one two (12) day period. All foreign exchange transactions shall be subject to the additional terms of a Foreign Exchange AgreementAgreement dated as of July 21, substantially in the form of Exhibit D attached hereto 2003 ("Foreign Exchange Agreement"), all terms of which are incorporated herein by this reference.