Foreign Exchange Sub-Facility Sample Clauses
The Foreign Exchange Sub-Facility clause establishes a specific component within a broader credit or loan agreement that allows the borrower to access funds or conduct transactions in foreign currencies. This sub-facility typically outlines the terms under which foreign currency advances can be made, including eligible currencies, limits, and any special conditions or procedures for drawing funds. By providing a structured mechanism for handling foreign currency transactions, the clause helps borrowers manage currency risk and facilitates international business operations without the need for separate agreements.
Foreign Exchange Sub-Facility. The Bank agrees to enter into FX Transactions with the Borrower, at the Borrower’s request therefor made prior to the Expiration Date; provided, however, that at no time shall the aggregate FX Risk Liability of the Borrower exceed the FX Limit, and together with the total principal amount of all outstanding Advances, exceed the Line of Credit Each FX Transaction shall be used to hedge the Borrower’s foreign exchange exposure.
Foreign Exchange Sub-Facility. Borrower may from time to time request Bank to purchase or sell foreign currency in a specified amount, at a fixed price, and for delivery at a future date no greater than 365 days from the date of purchase (each a "Foreign Exchange Contract"). At no time, however, shall 15% of the aggregate settlement price of all Foreign Exchange Contracts outstanding exceed $5,000,000 as determined by Bank at the time of entering into each Foreign Exchange Contract ("Foreign Exchange Sub-Facility") and provided further, at no time shall the total undrawn amount of all Letters of Credit outstanding plus any partial draws paid by the Bank and not reimbursed by the Borrower, together with 15% of the aggregate settlement price of all Foreign Exchange Contracts outstanding and the total principal amount of all Advances outstanding, exceed the Line of Credit.
Foreign Exchange Sub-Facility. The Bank agrees to enter into FX Transactions with the Borrower, at the Borrower's request therefor made prior to the Expiration Date, provided however, that at no time shall the aggregate FX Risk Liability of the Borrower exceed the FX Limit, and provided further, at no time shall the aggregate FX Risk Liability combined with the total face amount of all Letters of Credit outstanding, less any partial draws paid by the Bank, together with the total principal amount of all outstanding Advances, exceed the Line of Credit Each FX Transaction shall be used to hedge the Borrower's foreign exchange exposure.
Foreign Exchange Sub-Facility. Borrower may from time to time request Bank to purchase or sell foreign currency in a specified amount, at a fixed price, and for delivery at a future date no greater than 365 days from the date of purchase (each a "Foreign Exchange Contract"). At no time, however, shall 15% of the aggregate settlement price of all Foreign Exchange Contracts outstanding exceed $200,000 as determined by Bank at the time of entering into each Foreign Exchange Contract and, together with the total principal amount of all Advances and the total face amount of all Letters of Credit outstanding, less any partial draws paid by the Bank, exceed the Line of Credit.
Foreign Exchange Sub-Facility. Bank agrees to enter into FX Transactions with Borrower, at Borrower's request therefor made prior to the Revolving Loan Maturity Date, provided however, that (i) at no time shall the aggregate FX Risk Liability of Borrower exceed the FX Limit, (ii) the Notional Values of all FX Transactions having the same Settlement Date shall not exceed $300,000, and (iii) at no time shall the aggregate FX Risk Liability combined with the total face amount of all Letters of Credit outstanding, less any partial draws paid by Bank, together with the total principal amount of all outstanding Revolving Loans, exceed the Revolving Loan Commitment. Each FX Transaction shall be used only to hedge Borrower's foreign exchange exposure.
Foreign Exchange Sub-Facility. The Borrowers may from time to time request Bank to purchase or sell foreign currency in a specified amount, at a fixed price, and for delivery at a future date no greater than 364 days from the date of purchase (each a "Foreign Exchange Contract"). At no time, however, shall 15% of the aggregate of the settlement price of all Foreign Exchange Contracts outstanding exceed $4,500,000 as determined by Bank at the time of entering into each Foreign Exchange Contract, and provided further, that all outstanding Revolving Advances, Letters of Credit and Acceptances and 15% of the aggregate of the settlement price of the Foreign Exchange Contracts outstanding may not exceed the Revolving Line of Credit.
Foreign Exchange Sub-Facility