FX Sublimit definition

FX Sublimit means $250,000.

FX Sublimit. ‘FX Sublimit’ means an amount, subject to the Overall Sublimit, equal to $25,000,000 minus the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus all amounts for Cash Management Services utilized under the Cash Management Services Sublimit, and minus the Applicable Purchased Receivables, and minus all outstanding Loans.

FX Sublimit means $500,000.

Examples of FX Sublimit in a sentence

• The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Sublimit.

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

• The sum of (i) the aggregate undrawn amount of all outstanding Letters of Credit plus (ii) the amount of reimbursement obligations in respect of Letters of Credit plus (iii) any Letter of Credit Reserve may not exceed $10,000,000 minus the sum of (x) the Cash Management Services Sublimit and (y) the FX Sublimit (the “L/C Sublimit”).

• Borrowers may use up to $10,000,000 minus the sum of (i) the L/C Sublimit and (ii) the FX Sublimit (the “Cash Management Services Sublimit”) of the Revolving Line for Bank’s cash management services which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in Bank’s various cash management services agreements (collectively, the “Cash Management Services”).

• Silicon will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is a maximum of $5,000,000 (the "FX Sublimit").

More Definitions of FX Sublimit

FX Sublimit means $50,000.00.

FX Sublimit means a sublimit for FX Contracts under the Revolving Line not to exceed Five Hundred Thousand Dollars ($500,000).

FX Sublimit means a sublimit for foreign exchange services and hedging activities under the Revolving Line not to exceed One Million Dollars ($1,000,000).

FX Sublimit means $0.

FX Sublimit. ‘FX Sublimit’ means an amount, subject to the Overall Sublimit, equal to $35,000,000 minus the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus all amounts for Cash Management Services utilized under the Cash Management Services Sublimit, and minus the aggregate amount of outstanding ‘Purchased Receivables’ under, and as defined in, the Purchase Agreement, and minus all outstanding Loans. “FX Reserve: “Borrower may enter into foreign exchange forward contracts with Silicon, on its standard forms, under which Borrower commits to purchase from or sell to Silicon a set amount of foreign currency more than one business day after the contract date (the ‘FX Forward Contracts’); provided that (1) at the time the FX Forward Contract is entered into Borrower has Loans available to it under this Agreement in an amount at least equal to 10% of the amount of the FX Forward Contract; and (2) the total FX Forward Contracts at any one time outstanding may not exceed 10 times the amount of the FX Sublimit set forth above. The ‘FX Reserve’ shall be a reserve (which shall be in addition to all other reserves) in an amount equal to 10% of the total FX Forward Contracts from time to time outstanding. Silicon may, in its discretion, terminate the FX Forward Contracts at any time that an Event of Default occurs and is continuing. Borrower shall execute all standard form applications and agreements of Silicon in connection with the FX Forward Contracts, and without limiting any of the terms of such applications and agreements, Borrower shall pay all standard fees and charges of Silicon in connection with the FX Forward Contracts.

FX Sublimit means Two Hundred Fifty Thousand Dollars ($250,000), inclusive of amounts under the Letter of Credit Sublimit.

FX Sublimit means $2,000,000.