FX Forward Contracts definition

FX Forward Contracts means the 2021 FX Forward Contract and the 2022
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FX Forward Contracts are foreign exchange contracts with Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency.”
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FX Forward Contracts means, collectively, a contract or a set of contracts proposed to be entered into between the Company (or a subsidiary of the Company as the Company may direct) and Cathay Bank as mentioned in the Company’s circular (the “Circular”) dated 29 September 2014 (a copy of which has been produced to the meeting and marked “A” and signed by the chairman of the meeting for identification purpose).
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Examples of FX Forward Contracts in a sentence

  • Bank may terminate the FX Forward Contracts if an Event of Default occurs.

  • The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve.

  • The aggregate amount of FX Forward Contracts at any one time may not exceed ten (10) times the amount of the FX Reserve.

  • Any amounts needed to fully reimburse Bank for any amounts not paid by Borrower in connection with FX Forward Contracts will be treated as Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances.

  • FX Forward Contracts shall have a Settlement Date of at least one (1) FX Business Day after the contract date and shall be subject to a reserve of ten percent (10%) of each outstanding FX Forward Contract (the “FX Reserve”).

  • Silicon may, in its discretion, terminate the FX Forward Contracts at any time that an Event of Default occurs and is continuing.

  • Borrower shall execute all standard form applications and agreements of Silicon in connection with the FX Forward Contracts, and without limiting any of the terms of such applications and agreements, Borrower shall pay all standard fees and charges of Silicon in connection with the FX Forward Contracts.

  • The unused portion of the Revolving Line, for the purposes of this calculation, shall include amounts reserved under the Cash Management Services Sublimit for products provided and under the Foreign Exchange Sublimit for FX Forward Contracts.

  • The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Sublimit.

  • The total FX Forward Contracts at any one time may not exceed ten (10) times the amount of the FX Reserve.