Negotiate Items. Negotiate or discount all drafts, trade acceptances, promissory notes, or other indebtedness in which Borrower has an interest and receive cash or otherwise use the proceeds. Letters of Credit. Apply for letters of credit from Bank. Foreign Exchange Contracts. Execute spot or forward foreign exchange contracts.
Appears in 2 contracts
Sources: Loan and Security Agreement (Ulthera Inc), Loan and Security Agreement (St. Bernard Software, Inc.)