DSL Facility definition

DSL Facility means the foreign exchange daily settlement facility in the maximum principal amount of Cdn. $2,000,000.00 (or the Equivalent Amount thereof in United States Dollars) to be made available to the Borrower by the Lender in accordance with the provisions hereof, subject to any reduction in accordance with the provisions hereof.
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DSL Facility means the foreign exchange daily settlement facility in the maximum principal amount of U.S. $5,000,000.00 to be made available to the Borrower by the Lender in accordance with the provisions hereof, subject to any reduction in accordance with the provisions hereof."
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DSL Facility as set out on pages 10 and 11 of the Agreement is deleted in its entirety and replaced with:
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Examples of DSL Facility in a sentence

  • The EFT Facility, MC Facility, F/X Facility and DSL Facility shall be available to the Borrower after the completion and registration, if applicable, of the Documents and the satisfaction of the Conditions Precedent to Drawdown as set out in Article 3 hereof.

  • The Outstanding Principal under the DSL Facility shall not exceed the DSL Facility Commitment.

  • The DSL Facility is being made available for spot foreign exchange transactions.

  • Subject to the terms and conditions hereof, the Lender shall make available to the Borrower the DSL Facility.

Related to DSL Facility

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Local Facility means any of them.

  • School facility means and includes any structure, building or

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.