Common use of Foreign Exchange Facility Clause in Contracts

Foreign Exchange Facility. (a) During the availability period, the Bank at its discretion may enter into spot and forward foreign exchange contracts with the Borrower. The foreign exchange contract limit will be Four Million and 00/100 U.S. Dollars (U.S. $4,000,000.00), and the settlement limit will be One Million and 00/100 U.S. Dollars (U.S. $1,000,000.00). The "foreign exchange contract limit" is the maximum limit on the net difference between the total foreign exchange contracts outstanding less the total foreign exchange contracts for which the Borrower has already compensated the Bank. The "settlement limit" is the maximum limit on the gross total amount of all sale and purchase contracts on which delivery is to be effected and settlement allowed on any one banking day.

Foreign Exchange Facility. (a) During the availability period, the Bank at its discretion may enter into spot and forward foreign exchange contracts with the Borrower. The foreign exchange contract limit will be Four Million and 00/100 U.S. Dollars (U.S. $4,000,000.004,000,000), and the settlement limit will be One Million and 00/100 U.S. Dollars (U.S. $1,000,000.001,000,000). The "foreign exchange contract limit" is the maximum limit on the net difference between the total foreign exchange contracts outstanding less the total foreign exchange contracts for which the Borrower has already compensated the Bank. The "settlement limit" is the maximum limit on the gross total amount of all sale and purchase contracts on which delivery is to be effected and settlement allowed on any one banking day.

Foreign Exchange Facility. (a) During the availability period, the Bank at its discretion may enter into spot and forward foreign exchange contracts with any one more of the BorrowerBorrowers. The foreign exchange contract limit will be Four Ten Million and 00/100 U.S. Dollars (U.S. $4,000,000.0010,000,000), and the settlement limit will be One five Million and 00/100 U.S. Dollars (U.S. $1,000,000.005,000,000). The "foreign exchange contract limit" is the maximum limit on the net difference between the total foreign exchange contracts outstanding less the total foreign exchange contracts for which the Borrower has borrowers have already compensated the Bank. The "settlement limit" is the maximum limit on the gross total amount of all sale and purchase contracts on which delivery is to be effected and settlement allowed on any one banking day.

Foreign Exchange Facility. (a) During the availability period, the Bank bank at its discretion may enter into spot and forward foreign exchange contracts with any one or more of the BorrowerBorrowers. The foreign exchange contract limit will be Four Million and 00/100 U.S. Dollars (U.S. $4,000,000.004,000,000), and the settlement limit will be One Two Million and 00/100 U.S. Dollars (U.S. $1,000,000.002,000,000). The "foreign exchange contract limit" is the maximum limit on the net difference between the total foreign exchange contracts outstanding less the total foreign exchange contracts for which the Borrower has Borrowers have already compensated the Bank. The "settlement limit" is the maximum limit on the gross total amount of all sale and purchase contracts on which delivery is to be effected and settlement allowed on any one banking day.