Common use of Foreign Exchange Sublimit Clause in Contracts

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sirf Technology Holdings Inc), Loan and Security Agreement (Sirf Technology Holdings Inc)

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Foreign Exchange Sublimit. If there is availability under the Committee Committed A/R Revolving Line and the Borrowing Base, then Borrower Borrowers may enter in foreign exchange forward contracts with the Bank under which Borrower commits Borrowers commit to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 100,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 2 contracts

Samples: Loan and Security Agreement (Kanbay International Inc), Loan and Security Agreement (Kanbay International Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit, which sublimit is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 5,000,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occursoccurs and is continuing.

Appears in 2 contracts

Samples: Loan Modification Agreement (Phase Forward Inc), Loan Modification Agreement (Phase Forward Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in into foreign exchange forward contracts and options with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the “FX Forward Contract”). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 15,000,000.00 (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Art Technology Group Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 5,000,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Onesource Information Services Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) (the “10,000,000(the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Spectrian Corp /Ca/)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing BaseLine, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Fifteen Million Five Hundred Thousand Dollars ($2,500,00015,000,000) (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Roxio Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) (the “5,000,000(the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Insilicon Corp)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Committed Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Five Million Five Hundred Thousand Dollars (( $2,500,0005,000,000.00) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan Agreement (Moldflow Corp)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing BaseAvailability, then Borrower may enter in into foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 4,000,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Novacept Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 4,200,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occursoccurs and is continuing.

Appears in 1 contract

Samples: Loan and Security Agreement (Synaptics Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in into foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the “FX Forward Contract”). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit, which sublimit is a maximum of Two Three Million Five Hundred Thousand Dollars ($2,500,0003,000,000.00) (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.” 4. The Loan Agreement shall be amended by deleting the following, appearing as Section 2.1.4 thereof, in its entirety:

Appears in 1 contract

Samples: Loan Modification Agreement (Applix Inc /Ma/)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 2,500,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Applix Inc /Ma/)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing BaseLine, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 2,000,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Ibasis Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 1,000,000 (the "FX Reserve”Sublimit"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX ReserveSublimit. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Export Import Bank Loan and Security Agreement (Invision Technologies Inc)

Foreign Exchange Sublimit. If there is availability for Credit ------------------------- Extensions under the Committee Revolving Line and the Borrowing Base, Section 2.1.1 (a) then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit, which sublimit is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 1,000,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Switchboard Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the “FX the“FX Forward Contract”). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit exchangesublimit, which sublimit is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 5,000,000.00 (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (American Science & Engineering Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit, which sublimit is a maximum of Two One Million Five Hundred Thousand Dollars ($2,500,0001,000,000.0) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Color Kinetics Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 3,000,000 (the "FX Reserve”Sublimit"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX ReserveSublimit. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Invision Technologies Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in into foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit, which sublimit is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,0002,000,000.00) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan Agreement (Applix Inc /Ma/)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract (the "Foreign Exchange Reserve") from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 5,000,000 (the "FX Reserve”Sublimit")]. The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX ReserveSublimit. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Moldflow Corp)

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Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the “FX Forward Contract”). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit, which sublimit is a maximum of Two Eight Million Five Hundred Thousand Dollars ($2,500,0008,000,000.00) (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.” and inserting in lieu thereof:

Appears in 1 contract

Samples: Fourth Loan Modification Agreement (Stereotaxis, Inc.)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the “FX Forward Contract”). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit, which sublimit is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan Modification Agreement (Bottomline Technologies Inc /De/)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing BaseLine, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of the nominal amount of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two One Million Five Hundred Thousand Dollars ($2,500,0001,000,000.00) (the "FX Reserve"). The total of the nominal amount of all FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Genzyme Transgenics Corp)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and for the Borrowing Basemaking of Revolving Advances, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 1,500,000 (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan Agreement (I Flow Corp /De/)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 750,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Health Grades Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 1,500,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan Modification Agreement (Matrixone Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,0002,000,000.00) (the "FX Reserve")]. The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Open Solutions Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit, which sublimit is a maximum of Two Three Million Five Hundred Thousand Dollars ($2,500,0003,500,000.00) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Stereotaxis, Inc.)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 1,500,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Vitria Technology Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Exim Committed Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 2,500,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Applix Inc /Ma/)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing BaseLine, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit which is a maximum of Two Ten Million Five Hundred Thousand Dollars ($2,500,00010,000,000) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Callidus Software Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Committed Revolving Line and the Borrowing BaseBase (if applicable), then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit, which is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 10,000,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Energy Industries Inc)

Foreign Exchange Sublimit. If there is availability under the Committee Revolving Line and the Borrowing Base, then Borrower may enter in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange Sublimit sublimit, which sublimit is a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) 6,500,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Samples: Loan and Security Agreement (Ibasis Inc)

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