FEF Contract definition

FEF Contract means a currency exchange transaction or agreement or any option with respect to any such transaction now existing or hereafter entered into between the Borrower and the Bank;
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FEF Contract means a currency exchange transaction or agreement or any option with respect to any such transaction now existing or hereafter entered into between the Borrower and the Bank; At the Borrower's request, the Bank may agree to enter into FEF Contracts with the Borrower from time to time The Borrower acknowledges that the Bank makes no formal commitment herein to enter into any FEF Contract and the Bank may, at any time and at all times, in its sole and absolute discretion, accept or reject any request by the Borrower to enter into a FEF Contract If the Bank does enter into a FEF Contract with the Borrower, it will do so subject to the following:
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FEF Contract means a contract for the purchase or sale of, subject to availability at the sole discretion of the relevant Lender, any freely traded foreign currency with maturities not greater than 24 months from the date of issue, unless otherwise agreed by the relevant Lender; provided that for the purpose of determining the total amount of Borrowings outstanding under the BNP FEF Facility or the Royal FEF Facility, as applicable, only the FEF Contracts Risk Amount in respect thereof (together with any outstanding delivery risk in respect thereof, in the case of the BNP FEF Facility) shall be deemed to be a Borrowing;
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Examples of FEF Contract in a sentence

  • The Bank makes no commitment to enter into any FEF Contract and may at any time in its sole discretion decline to enter into any FEF Contract.

  • The Borrower acknowledges that the Bank makes no formal commitment herein to enter into any FEF Contract and the Bank may, at any time and at all times, in its sole and absolute discretion, accept or reject any request by the Borrower to enter into a FEF Contract.

  • In addition, BNP accepts a delivery risk on the Borrower for an aggregate maximum amount of Cdn$5,000,000 with respect to all FEF Contracts between the Borrower and BNP, whereby BNP executes its obligations in respect of an FEF Contract before receiving confirmation that the Borrower has delivered its counterpart upon expiry of the same FEF Contract.

  • Moreover, a Lender may, in its entire discretion, refuse to enter into any FEF Contract, the purpose of which is to control, fix or regulate currency exchange fluctuation in connection with a currency which, in the opinion of such Lender, is not freely convertible.

  • Accordingly, for delivery under an FEF Contract of any amount denominated in a currency other than Canadian Dollars the Equivalent Amount of which exceeds Cdn$5,000,000, the Borrower undertakes to deliver and pay its counterpart in respect of such FEF Contract before BNP may be required to execute its own obligation with respect to such FEF Contract.

  • Prior to effecting Borrowings by way of FEF Contract under this Agreement, the Borrower shall make arrangements with the relevant Lender for the execution of such FEF Contract and all documentation, agreements and master agreements requested by such Lender in respect thereof, including appropriate confirmations relating thereto.

  • Notwithstanding the foregoing, a Lender may in any event refuse to enter into any particular FEF Contract if, acting reasonably, it is not satisfied with the conditions of issue (including, without limitation, the duration thereof) the currencies thereof or generally, the market risk relating to the issue of such FEF Contract.

Related to FEF Contract

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.

  • Privatization contract or “contract” means an agreement or

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contracting party or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.