Foreign Exchange Forward Contract definition
Foreign Exchange Forward Contract or “FEF Contract” means a currency exchange transaction or agreement or any option with respect to any such transaction now existing or hereafter entered into between the Borrower and the Bank;
Foreign Exchange Forward Contract or "FEF Contract" means a currency exchange transaction or agreement or any option with respect to any such transaction now existing or hereafter entered into between the Borrower and the Bank;
Foreign Exchange Forward Contract or "FEF Contract" means a currency exchange transaction or agreement or any option with respect to any such transaction now existing or hereafter entered into between the Borrower and the Bank; At the Borrower's request, the Bank may agree to enter into FEF Contracts with the Borrower from time to time The Borrower acknowledges that the Bank makes no formal commitment herein to enter into any FEF Contract and the Bank may, at any time and at all times, in its sole and absolute discretion, accept or reject any request by the Borrower to enter into a FEF Contract If the Bank does enter into a FEF Contract with the Borrower, it will do so subject to the following:
Examples of Foreign Exchange Forward Contract in a sentence
Each Lender agrees to promptly notify Agent of Borrower's request for such Lender to enter into a Foreign Exchange Forward Contract.
Borrowers and Agent will subtract 15% of each outstanding Foreign Exchange Forward Contract (the "Foreign Exchange Reserve") from the Availability.
Each Lender with a Revolver Commitment agrees to make an Advance of a Pro Rata Share of the payment Obligations owing by Borrowers under each Foreign Exchange Forward Contract entered into between Borrowers and a Lender.
More Definitions of Foreign Exchange Forward Contract
Foreign Exchange Forward Contract has the meaning set forth in Section 2.13(a).
Foreign Exchange Forward Contract means an over-the-counter derivatives contract, under which one party agrees to purchase or sell a specified quantity of a currency to another party, at a specified future time (which includes at any time during a specified future period) and at a specified price payable at that time, whether or not the settlement is effected through actual delivery of the specified currency or otherwise;