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.
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Samples: Credit Agreement (Biolase Technology Inc), Credit Agreement (Biolase Technology Inc)
Foreign Exchange Sub-Facility. The Bank agrees to enter into FX Transactions with the Borrower, at the Borrower’s 's request therefor made prior to the Expiration Date; provided, 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 Credit. Each FX Transaction shall be used to hedge the Borrower’s 's foreign exchange exposure.
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Samples: Loan Disbursement Instructions (Scientific Technologies Inc)
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, 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 AdvancesAdvances under the AR Line of Credit, exceed the Line of Credit Borrowing Base. Each FX Transaction shall be used to hedge the Borrower’s foreign exchange exposure.
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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, 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 AdvancesAdvances under the AR Line of Credit, exceed the Line of Credit Borrowing Base. Each FX Transaction shall be used to hedge the Borrower’s foreign exchange exposure.
Appears in 1 contract
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, 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 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 Credit. Each FX Transaction shall be used to hedge the Borrower’s foreign exchange exposure.
Appears in 1 contract
Samples: Credit Agreement (Micrel Inc)