Foreign Currency Reserve as of any Settlement Date will equal 5% of Programme Capital on such Settlement Date, or such other amount as determined by the Operating Agent (and notified in writing to the Offer Agent), acting reasonably (upon the written request of a Seller after any redetermination of the level of the Foreign Currency Reserve, the Operating Agent agrees to provide such Seller with information relating to the basis of such redetermination).
Foreign Currency Reserve means, on any date of determination, an amount equal to 15% of the spot market Dollar-equivalent of all Eligible Receivables otherwise included in the Net Pool Balance which are denominated in Canadian Dollars.
Foreign Currency Reserve means, at any time, the Dollar Equivalent (determined as of the most recent Revaluation Date) equal to 5% of the aggregate amount of the Foreign Currency Revolving Loans outstanding at such time.
Examples of Foreign Currency Reserve in a sentence
Borrower has the option, at any time prior to the Maturity Date and upon 60 days prior written notice to Foothill, to terminate this Agreement by paying to Foothill, in cash, the Obligations (including an amount equal to 102% of the undrawn amount of the Letters of Credit plus the Foreign Currency Reserve), in full, together with a premium (the "Early Termination Premium") equal to $1,000,000.
More Definitions of Foreign Currency Reserve
Foreign Currency Reserve. An amount equal to 10% of the U.S. dollar spot market-equivalent of all Eligible Receivables otherwise included in the Net Pool Balance which are denominated in Canadian dollars. Funding Agreement: (a) the Liquidity Agreement (b) any other Program Support Agreement and (c) any other agreement or instrument executed by any Funding Source with or for the benefit of Market Street. Funding Source: (a) any Liquidity Bank, (b) Program Support Provider or (c) any insurance company, bank or other funding entity providing liquidity, credit enhancement or back-up purchase support or facilities to Market Street. GAAP: Generally accepted accounting principles in effect in the United States of America as in effect from time to time.
Foreign Currency Reserve means, at any time, the Dollar Amount equal to 3% of the aggregate amount of the Foreign Currency Loans outstanding at such time.
Foreign Currency Reserve means, on any date of determination, an amount equal to 7.5% of the spot market Dollar-equivalent of all Eligible Receivables otherwise included in the Borrowing Base which are denominated in Canadian dollars plus 25% of the spot market Dollar-equivalent of all Eligible Receivables otherwise included in the Borrowing Base which are denominated in Pounds Sterling.
Foreign Currency Reserve means, at any time, the U.S. Dollar amount equal to 5% of the Outstanding Amount of Revolving Loans, Alternative Currency Loans and Letters of Credit denominated in Foreign Currencies at such time.
Foreign Currency Reserve. An amount equal to 10% of the U.S. dollar spot market-equivalent of all Eligible Receivables otherwise included in the Net Pool Balance which are denominated in Canadian dollars.
Foreign Currency Reserve means an amount equal to 5% of the aggregate outstanding face amount of Foreign Currency Letters of Credit (if any); provided, however, that Foothill shall have the right to adjust the then extant Foreign Currency Reserve (if any) upwards or downwards in its reasonable business credit judgment.
Foreign Currency Reserve means an amount equal to 5% the U.S. Dollar Equivalent of all outstanding Foreign Currency Obligations.