Common use of Foreign Exchange Sublimit Clause in Contracts

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward Contract, then Borrower may enter into foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 2 contracts

Sources: Loan Agreement (Volcano CORP), Loan and Security Agreement (Volcano CORP)

Foreign Exchange Sublimit. If there is availability under the Committed Committee Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one (1) business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit Sublimit which is set forth in Schedule 2 a maximum of Two Million Five Hundred Thousand Dollars ($2,500,000) (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 2 contracts

Sources: Loan and Security Agreement (Sirf Technology Holdings Inc), Loan and Security Agreement (Sirf Technology Holdings Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit, which sublimit which is set forth in Schedule 2 a maximum of $5,000,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occursoccurs and is continuing.

Appears in 2 contracts

Sources: Loan Modification Agreement (Phase Forward Inc), Loan Modification Agreement (Phase Forward Inc)

Foreign Exchange Sublimit. If there is availability under the Committed A/R Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower Borrowers may enter into in foreign exchange forward contracts with the Bank under which Borrower commits Borrowers commit to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $100,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 2 contracts

Sources: Loan and Security Agreement (Kanbay International Inc), Loan and Security Agreement (Kanbay International Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $5,000,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Onesource Information Services Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractLine, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of Ten Million Dollars ($10,000,000) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Callidus Software Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractAvailability, then Borrower may enter into foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $4,000,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Novacept Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit, which sublimit which is set forth in Schedule 2 a maximum of $6,500,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Ibasis Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward Contract(if applicable), then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit sublimit, which is set forth in Schedule 2 a maximum of $10,000,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Advanced Energy Industries Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractLine, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 the Committed Revolving Line (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occursoccurs and is continuing.

Appears in 1 contract

Sources: Loan and Security Agreement (Advanced Analogic Technologies Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into foreign exchange forward contracts and options with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contract”). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $15,000,000.00 (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Art Technology Group Inc)

Foreign Exchange Sublimit. If there is availability ------------------------- under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $500,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan Modification Agreement (Matrixone Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of the Committed Revolving Line (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occursoccurs and is continuing.

Appears in 1 contract

Sources: Loan and Security Agreement (Saba Software Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractLine, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $2,000,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Ibasis Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contract”). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit, which sublimit which is set forth in Schedule 2 a maximum of Three Million Dollars ($3,000,000.00) (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.” 4. The Loan Agreement shall be amended by deleting the following, appearing as Section 2.1.4 thereof, in its entirety:

Appears in 1 contract

Sources: Loan Modification Agreement (Applix Inc /Ma/)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $2,500,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Applix Inc /Ma/)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contract”). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit, which sublimit which is set forth in Schedule 2 a maximum of Eight Million Dollars ($8,000,000.00) (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.” and inserting in lieu thereof:

Appears in 1 contract

Sources: Fourth Loan Modification Agreement (Stereotaxis, Inc.)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $1,000,000 (the "FX Reserve”Sublimit"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX ReserveSublimit. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Export Import Bank Loan and Security Agreement (Invision Technologies Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of establish a reserve amount for each outstanding FX Forward Contract from in an amount equal to ten percent (10%) of the foreign exchange sublimit which is set forth in Schedule 2 notional amount of such FX Forward Contract up to a maximum of One Million Dollars ($1,000,000) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occursoccurs and is continuing.

Appears in 1 contract

Sources: Loan and Security Agreement (Concurrent Computer Corp/De)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $3,000,000 (the "FX Reserve”Sublimit"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX ReserveSublimit. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Invision Technologies Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractLine, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of the nominal amount of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of One Million Dollars ($1,000,000.00) (the "FX Reserve"). The total of the nominal amount of all FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Genzyme Transgenics Corp)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractRevolver Line, then Borrower may enter into foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (individually a “FX Forward Contract” and collectively the “FX Forward ContractContracts”). Bank will subtract 10% of each outstanding FX Forward Contract from availability under the foreign exchange sublimit which is set forth in Schedule 2 Committed Revolver Line (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs. (d) Section 2.2.5 is amended to read:

Appears in 1 contract

Sources: Loan and Security Agreement (Netlogic Microsystems Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit, which sublimit which is set forth in Schedule 2 a maximum of Three Million Five Hundred Thousand Dollars ($3,500,000.00) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Stereotaxis, Inc.)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit, which sublimit which is set forth in Schedule 2 a maximum of Two Million Dollars ($2,000,000.00) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan Agreement (Applix Inc /Ma/)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $750,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Health Grades Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contract”). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit, which sublimit which is set forth in Schedule 2 a maximum of Five Hundred Thousand Dollars (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan Modification Agreement (Bottomline Technologies Inc /De/)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractRevolving Advances, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $1,500,000 (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan Agreement (I Flow Corp /De/)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 (the “a maximum of $5,000,000(the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Insilicon Corp)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum equal to Committed Revolving Line (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Egain Communications Corp)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which together with all Sublimit Outstandings is set forth in Schedule 2 a maximum of Five Hundred Thousand Dollars ($500,000) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Optium Corp)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $4,200,000 (the “FX FY, Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occursoccurs and is continuing.

Appears in 1 contract

Sources: Loan and Security Agreement (Synaptics Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $4,200,000 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occursoccurs and is continuing.

Appears in 1 contract

Sources: Loan and Security Agreement (Synaptics Inc)

Foreign Exchange Sublimit. If there is availability under the ------------------------- Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract (the "FX Reserve") from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of Five Million Dollars (the “FX Reserve”$5,000,000.00). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (LTX Corp)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of Five Million Dollars ( $5,000,000.00) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan Agreement (Moldflow Corp)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of Two Million Dollars ($2,000,000.00) (the "FX Reserve")]. The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Open Solutions Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will subtract 10% of each outstanding FX Forward Contract (the "Foreign Exchange Reserve") from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $5,000,000 (the "FX Reserve”Sublimit")]. The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX ReserveSublimit. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Moldflow Corp)

Foreign Exchange Sublimit. If there is availability under the Exim Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of $2,500,000.00 (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Applix Inc /Ma/)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractLine, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contract”). Bank will subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit which is set forth in Schedule 2 a maximum of Fifteen Million Dollars ($15,000,000) (the “FX Reserve”). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Roxio Inc)

Foreign Exchange Sublimit. If there is availability under the Committed Revolving Line and the Borrowing Base for the making of an Advance in the amount of the applicable FX Reserve relating to the proposed FX Forward ContractBase, then Borrower may enter into in foreign exchange forward contracts with the Bank under which Borrower commits to purchase from or sell to Bank a set amount of foreign currency more than one business day after the contract date (the "FX Forward Contract"). Bank will shall subtract 10% of each outstanding FX Forward Contract from the foreign exchange sublimit, which sublimit which is set forth in Schedule 2 a maximum of One Million Dollars ($1,000,000.0) (the "FX Reserve"). The total FX Forward Contracts at any one time may not exceed 10 times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts if an Event of Default occurs.

Appears in 1 contract

Sources: Loan and Security Agreement (Color Kinetics Inc)