Foreign Exchange Sublimit definition

Foreign Exchange Sublimit means a sublimit for foreign exchange contracts under the Revolving Line not to exceed Two Million Five Hundred Thousand Dollars ($2,500,000).

Foreign Exchange Sublimit means a sublimit for foreign exchange contracts under the Revolving Line, subject to the availability under the Revolving Line and the Borrowing Base, in an aggregate amount not to exceed $1,000,000 less, in each case, any amounts outstanding under the Letter of Credit Sublimit and the Cash Management Sublimit.

Foreign Exchange Sublimit means a sublimit for foreign exchange contracts under the Revolving Line, subject to the availability under the Revolving Line and the Borrowing Base, in an aggregate amount not to exceed $2,500,000 less, in each case, any amounts outstanding under the Letter of Credit Sublimit and the Cash Management Sublimit.

Examples of Foreign Exchange Sublimit in a sentence

• The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided and under the Foreign Exchange Sublimit for FX Forward Contracts.

• The FX Amount shall at all times be equal to or less than the Foreign Exchange Sublimit.

• The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided, under the Foreign Exchange Sublimit for FX Forward Contracts.

• If at any time the Revolving Facility is terminated or otherwise ceases to exist, Borrower shall immediately secure in cash all obligations under the Foreign Exchange Sublimit on terms acceptable to Bank.

• Notwithstanding the foregoing, aggregate limits of the corporate credit cards issued to Borrower and merchant credit card processing reserves under the Credit Card Services Sublimit, together with the aggregate outstanding amount of Letters of Credit and amounts outstanding under the Foreign Exchange Sublimit, shall not exceed the Maximum Sublimit Amount at any time.

More Definitions of Foreign Exchange Sublimit

Foreign Exchange Sublimit means Two Hundred Fifty Thousand Dollars ($250,000.00).

Foreign Exchange Sublimit means Ten Million Dollars ($10,000,000).

Foreign Exchange Sublimit means Twenty Million Dollars ($20,000,000).

Foreign Exchange Sublimit is an amount equal to Two Million Dollars ($2,000,000).

Foreign Exchange Sublimit is defined in Section 2.1.3.

Foreign Exchange Sublimit means a sublimit for foreign exchange contracts under the Revolving Line not to exceed $180,000.” “‘Letter of Credit’ means a commercial or standby letter of credit or similar undertaking issued by Bank for the account of Borrower.” “‘New Equity’ means cash proceeds received after September 26, 2008 from the sale or issuance of Borrower’s equity securities.”

Foreign Exchange Sublimit is hereby amended to allow Borrower to utilize up to $4,000,000.00 for spot and future foreign exchange contracts.