Common use of Foreign Exchange Contract; Foreign Exchange Settlements Clause in Contracts

Foreign Exchange Contract; Foreign Exchange Settlements. (a) Subject to the terms of this Agreement, Borrower may enter into foreign exchange contracts (the "Exchange Contracts") not to exceed an aggregate amount of One Million Dollars ($1,000,000) (the "Contract Limit"), pursuant to which Bank shall sell to or purchase from Borrower foreign currency on a spot or forward basis. Bank shall not be obligated to enter into any Exchange Contracts with Borrower at any time Borrower is out of compliance with any of the provisions of this Agreement. All Exchange

Foreign Exchange Contract; Foreign Exchange Settlements. (a) Subject to the terms of this Agreement, Borrower may enter into foreign exchange contracts (the "Exchange Contracts") not to exceed an aggregate amount of One Million Dollars ($1,000,000) 7,000,000.00 (the "Contract Limit"), pursuant to which Bank shall sell to or purchase from Borrower foreign currency on a spot or forward future basis. Bank Borrower shall not be obligated to enter into request any Exchange Contracts with Borrower at any time Borrower it is out of compliance with any of the provisions of this Agreement. All ExchangeExchange Contracts must provide for delivery of settlement on or before the Maturity Date. The amount available under the Committed