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.
More Definitions of FX Sublimit
FX Sublimit means $50,000.00.
FX Sublimit means a sublimit under the Revolving Line for the FX Reserve in an aggregate amount not to exceed Six Hundred Fifty Thousand Dollars ($650,000), minus the outstanding amount of Letters of Credit and amounts utilized for Cash Management Services.
FX Sublimit means $100,000.
FX Sublimit means Two Hundred Fifty Thousand Dollars ($250,000), inclusive of amounts under the Letter of Credit Sublimit.
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. Silicon Valley Bank Amendment to Loan Documents “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 $750,000 in the aggregate together with the Letter of Credit Sublimit.
FX Sublimit means $250,000. "Landlord Letter of Credit" means the Letter of Credit issued by Lender in favor of Lightwave Drive, LLC as beneficiary. “Lender” means Bridge Bank, National Association, and its successors and assigns. "Letter of Credit" has the meaning set forth in Section 1.8. "Letter of Credit Obligations" means, at any time, the sum of, without duplication, (i) the maximum amount available to be drawn on all outstanding Letters of Credit issued by Lender or by Lender’s Affiliate and (ii) the aggregate amount of all amounts drawn and unreimbursed with respect to Letters of Credit issued by the Lender or by Lender’s Affiliate. "Letter of Credit Sublimit" means $500,000.