DSL Facility definition
DSL Facility means the foreign exchange daily settlement facility in the maximum principal amount of Cdn. $2,000,000.00 (or the Equivalent Amount thereof in United States Dollars) to be made available to the Borrower by the Lender in accordance with the provisions hereof, subject to any reduction in accordance with the provisions hereof.
DSL Facility means the foreign exchange daily settlement facility in the maximum principal amount of U.S. $5,000,000.00 to be made available to the Borrower by the Lender in accordance with the provisions hereof, subject to any reduction in accordance with the provisions hereof."
DSL Facility as set out on pages 10 and 11 of the Agreement is deleted in its entirety and replaced with:
Examples of DSL Facility in a sentence
The EFT Facility, MC Facility, F/X Facility and DSL Facility shall be available to the Borrower after the completion and registration, if applicable, of the Documents and the satisfaction of the Conditions Precedent to Drawdown as set out in Article 3 hereof.
The Outstanding Principal under the DSL Facility shall not exceed the DSL Facility Commitment.
The DSL Facility is being made available for spot foreign exchange transactions.
Subject to the terms and conditions hereof, the Lender shall make available to the Borrower the DSL Facility.