F/X Facility definition

F/X Facility means the foreign exchange forward contract facility in the maximum principal amount of U.S. $2,000,000.00 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, and to be governed by the terms of the Lender’s Agreement for Foreign Exchange Contracts.
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F/X Facility means the foreign exchange forward contract 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, and to be governed by the terms of the Lender's Agreement for Foreign Exchange Contracts."
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F/X Facility is defined in Section 2.1.A.
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Examples of F/X Facility in a sentence

  • Borrower acknowledges and agrees that Bank is under no obligation to permit any further trades by Borrower under the FX Facility.

  • The Outstanding Principal under the F/X Facility shall not exceed the F/X Facility Commitment.

  • 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.

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

  • Advances under the F/X Facility shall not be included in the calculation of availability under the Aggregate Commitment.

  • The second sentence of the first paragraph of Section 4.1 of the Loan Agreement is hereby deleted in its entirety and is replaced with the following: Borrower's right to obtain advances under Section 2.1 and to enter into foreign exchange contracts under the FX Facility provided by Section 14.1 shall remain in full force and effect until June 30, 2001, and shall continue on a month-to-month basis thereafter until terminated by either party on thirty (30) days prior written notice to the other.

  • The Borrowers shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Applicable Revolving Credit Percentage, a commitment fee equal to the Commitment Fee Rate times the actual daily amount by which the Revolving Credit Facility exceeds the sum of (i) the Outstanding Amount of Revolving Credit Loans, (ii) the Outstanding Amount of L/C Obligations and (iii) the FX Swap Value of the Permitted FX Facility.

  • The holders of the Notes hereby acknowledge that obligations of the Companies incurred in connection with the F/X Facility established under (and as defined in) Amended and Restated Amendment Ten to Bank Agreement are Superior Indebtedness under (and as defined in) section 10 of the Securities Purchase Agreements subject to the limitations set forth in such section 10, including those set forth in the definition of the term "Superior Indebtedness".

  • At no time, however, shall the total principal amount of all Advances outstanding under the FX Facility, together with the total face amount of all Letters of Credit outstanding, less any partial draws paid by the Bank, exceed the Line of Credit.

  • The second sentence of the first paragraph of Section 4.1 of the Loan Agreement is hereby deleted in its entirety and is replaced with the following: Borrower's right to obtain advances under Section 2.1 and to enter into foreign exchange contracts under the FX Facility provided by Section 14.1 shall remain in full force and effect until June 30, 2003, and shall continue on a month-to-month basis thereafter until terminated by either party on thirty (30) days prior written notice to the other.