Exchange Reserve definition

Exchange Reserve has the meaning set forth in Section 2.2(a).
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Exchange Reserve means a Reserve which, on any date, shall be the value (determined at the lower of weighted average cost or market value as determined in accordance with GAAP consistently applied) of inventory any Borrower is obligated to deliver on such date to or on account of any Person in exchange for inventory which has been delivered to or for the account of such Borrower by such Person on or prior to such date.
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Exchange Reserve and the Letter of Credit Reserve shall not exceed the formula set forth in Section 2.5 below;"
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Examples of Exchange Reserve in a sentence

  • The initial Foreign Exchange Reserve Percentage shall be ten percent (10%).

  • The “Foreign Exchange Reserve Percentage” shall be a percentage as determined by Bank, in its sole discretion from time to time.

  • The “FX Amount” shall equal the amount determined by multiplying (i) the aggregate amount, in United States Dollars, of FX Contracts between Borrower and Bank remaining outstanding as of any date of determination by (ii) the applicable Foreign Exchange Reserve Percentage as of such date.

  • Large Cap Value Fund U.S. Government Securities Fund Short-Term Investment Grade Bond Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Income Funds ▇▇▇▇▇ ▇▇▇▇▇▇ Dividend and Income Fund SB Convertible Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Diversified Strategic Income Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Exchange Reserve Fund ▇▇▇▇▇ ▇▇▇▇▇▇ High Income Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Municipal High Income Fund SB Capital and Income Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Total Return Bond Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Institutional Cash Management Fund Inc.

  • The “Foreign Exchange Reserve Percentage” shall be a percentage as determined by Bank, in its reasonable discretion from time to time.

  • The “FX Amount” shall equal the amount determined by multiplying (A) the aggregate amount, in United States Dollars, of FX Contracts between Borrower and Bank remaining outstanding as of any date of determination by (B) the applicable Foreign Exchange Reserve Percentage as of such date.

  • The “Foreign Exchange Reserve Percentage” shall be a percentage as determined by Lender, in its sole discretion from time to time.

  • Large Cap Value Fund Short-Term High Grade Bond Fund U.S. Government Securities Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Income Funds ▇▇▇▇▇ ▇▇▇▇▇▇ Balanced Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Convertible Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Diversified Strategic Income Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Exchange Reserve Fund ▇▇▇▇▇ ▇▇▇▇▇▇ High Income Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Municipal High Income Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Premium Total Return Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Total Return Bond Fund ▇▇▇▇▇ ▇▇▇▇▇▇ Institutional Cash Management Fund, Inc.

  • The “FX Amount” shall equal the amount determined by multiplying (i) the aggregate amount, in United States Dollars, of FX Contracts between Borrower and Lender outstanding as of any date of determination by (ii) the applicable Foreign Exchange Reserve Percentage as of such date.

  • The “FX Amount” shall equal the amount determined by multiplying (A) the aggregate amount, in United States Dollars, of FX Contracts between a Borrower and Bank remaining outstanding as of any date of determination by (B) the applicable Foreign Exchange Reserve Percentage as of such date.

Related to Exchange Reserve

  • Share Reserve means the number of shares available for issuance under the Plan as set forth in Section 2(a).

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Exchange Amount means either the Cash Amount or the REIT Shares Amount, as selected by the General Partner in its sole and absolute discretion pursuant to Section 8.5(b) hereof.

  • Cost of Issuance Fund means the Cost of Issuance Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.