Foreign Exchange Exposure definition

Foreign Exchange Exposure means at any time and from time to time of determination, the amount of the obligations and liabilities of any or all of the Borrowers with respect to each Foreign Exchange Protection Agreement with a Person who is the Administrative Agent, a Lender or an Affiliate of the Administrative Agent or any Lender arising as a result of a determination of the amount of Dollars required at such time to purchase such amount of the foreign currency covered by such Foreign Exchange Protection Agreement at the Spot Rate.

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Foreign Exchange Exposure means, on any date of determination thereof, an ------------------------- amount (in United States dollars calculated on the basis of the applicable currency exchange rates in effect on such date) equal to the greater of (i) 15% of the aggregate dollar amount of all Foreign Exchange Obligations of the Borrower and its Subsidiaries as of such date, and (ii) the net exposure of the Borrower and its Subsidiaries in respect of all Foreign Exchange Obligations as of such date computed as if all underlying foreign exchange contracts and agreements were terminated or declared to be in default as of such date (after giving effect to all applicable netting provisions).

Foreign Exchange Exposure means, with respect to any Foreign Exchange Contract (excluding spot contracts), an amount equal to the product of (A) the U.S. Dollar equivalent (as reasonably determined by LaSalle, in good faith, from time to time) of the foreign currency obligation under such Foreign Exchange Contract, and (B) ten percent (10%), with respect to Foreign Exchange Contracts with a maturity of less than one hundred and eighty (180) days, and twenty percent (20%) with respect to Foreign Exchange Contracts with a maturities of one hundred and eighty days or more but one (1) year or less.

Examples of Foreign Exchange Exposure in a sentence

Subject to the terms and conditions set forth --------------- herein, the Lender agrees to make Revolving Credit Loans denominated in U.S. Dollars to the Borrower from time to time during the Revolving Credit Availability Period in an aggregate principal amount that will not result in the Revolving Credit Exposure exceeding the lesser of (i) the Revolving Credit Commitment minus the Foreign Exchange Exposure at such time or (ii) the ----- Availability minus the Foreign Exchange Exposure at such time.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.‌ The information required by this item is incorporated by reference herein from the section of this Report in Part II, Item 7, under the captions "Foreign Exchange Exposure", "Inflation" and "Conversion to the Euro Currency" above.
Thereafter, so long as such Foreign Exchange Contract shall remain in effect, the Foreign Exchange Exposure for such purposes shall be recalculated on the first day of each month.
If the Foreign ----- Exchange Exposure shall be greater than $750,000 at any time, the Borrower shall immediately deposit with the Lender an amount in cash equal to such excess Foreign Exchange Exposure as of such date; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind.
In addition to the foregoing, the Agent shall establish an additional reserve against the Borrowing Base in an amount equal to 10% of the Foreign Exchange Exposure under each Foreign Exchange Contract at the times specified in the two immediately preceding sentences.
Such deposit shall be held by the Lender as collateral for the Foreign Exchange Exposure until the Foreign Exchange Exposure shall no longer exceed $750,000.
Minimum Consolidated Tangible Net Worth 63 Section 8.2. Consolidated Funded Debt to Consolidated Capitalization 63 Section 8.3. Coverage Ratio 64 Section 8.4. Consolidated Funded Debt to Consolidated EBITDA 64 Section 8.5. Corporate Facility Outstandings to Consolidated EBITDA 64 Section 8.6. Limitation on Debt and Foreign Exchange Exposure 64 Section 8.7. Limitation on Sale of Properties 65 Section 8.8. Limitations on Liens 65 Section 8.9. Limitation on Loans to Shareholders 66 Section 8.10.
In no event shall the aggregate Foreign Exchange Exposure exceed $7,500,000 at any one time.
Enter into, or permit any Subsidiary to enter into any foreign exchange contract or foreign exchange agreement if, immediately after giving effect thereto, either (a) the aggregate Foreign Exchange Obligations of the Borrowers and their Subsidiaries would exceed $3,000,000, or (b) the Foreign Exchange Exposure of the Borrowers and their Subsidiaries would exceed $450,000.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.‌ The information required by this item is incorporated by reference herein from the section of this Report in Part II, Item 7, under the caption "Foreign Exchange Exposure." ITEM 8.

More Definitions of Foreign Exchange Exposure

Foreign Exchange Exposure means all existing and future obligations of any of the BORROWERS to the LENDER, and all risks and exposure to the LENDER as a result of transactions requested by or for the benefit of any of the BORROWERS, including, but not limited to, the risk that changes in foreign exchange rates will result in a financial loss, in terms of US dollars, to the LENDER, whether existing or arising from time to time, and whether in connection with foreign exchange credit accommodations and transactions, currency transactions, foreign exchange trades and settlement arrangements, foreign exchange risk derivative instruments, foreign exchange settlement risks, relative currency valuation, cross-currency risks, or otherwise.

Foreign Exchange Exposure means, on any date of determination thereof, an ------------------------- amount (in United States dollars calculated on the basis of the applicable currency exchange rates in effect on such date) equal to the net exposure of the Borrower in respect of all Foreign Exchange Obligations as of such date computed as if all underlying Foreign Exchange Documents were terminated or declared to be in default as of such date (after giving effect to all applicable netting provisions).

Foreign Exchange Exposure means, for any Foreign-Exchange Arrangement and at any time, the amount, if any, that would be payable to the Foreign-Exchange Party in that Foreign-Exchange Arrangement if that Foreign-Exchange Arrangement were terminated at that time, in each case, determined by Administrative Agent in good faith in reliance upon any information (including any information provided by the Foreign-Exchange Party) that Administrative Agent believes (with no obligation to verify accuracy) to be accurate.