F/X Line definition

F/X Line has the meaning set forth in Section 2.4.
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Examples of F/X Line in a sentence

  • To execute the Security Agreement, the FX Agreements, and any other agreement entered into between Company and Bank in connection therewith, all as amended or extended from time to time (collectively, the “Secured FX Line Documents”), and also to execute and deliver to Bank one or more affirmations, renewals, extensions, modifications, refinancings, consolidations, or substitutions for the Secured FX Line Documents, or any portion thereof.

  • The FX Line terminates on the FX Maturity Date, when the principal amount of all Guidance Facility Contracts, the unpaid interest thereon, and all other Obligations relating to the FX Line shall be immediately due and payable.

  • For the avoidance of doubt, each utilisation of an FX Line shall be deemed to be a separate draw-down.

  • The Seller hereby makes the following representations and warranties on which the Issuer is relying in accepting the Receivables and executing this Agreement.

  • On the date of termination of this Agreement, all Obligations (including contingent reimbursement obligations of Borrower with respect to any outstanding Letters of Credit or any outstanding F/X Line indemnities) immediately shall become due and payable without notice or demand.

  • Any such deposit or the proceeds of such Advance shall be held by Lender as a reserve to fund indemnity obligations owing to F/X Bank under the F/X Line.

  • From time to time from the date hereof through and including the Termination Date, and upon request of Borrower Lender will enter into Foreign Exchange Contracts with Borrower of up to the maximum aggregate amount, at any time subject to outstanding contracts (not yet settled), that will not cause the FX Line amount outstanding to exceed One Million Dollars ($1,000,000.00), provided that there is sufficient availability under the FX Line.

  • The obligation of the Canadian Borrower to repay all monies advanced by Summit Bank and/or Mellon US to the Canadian Borrower in connection with the F/X Line of Credit Facility shall be evidenced by this Loan Agreement and by the Foreign Exchange Contracts.