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This excerpt taken from the LUX 20-F filed Jun 25, 2009. Bank Overdrafts — Bank overdrafts represent negative cash
balances held in banks and amounts borrowed under various unsecured short-term
lines of credit (see “Short Term Credit Facilities” included in Note 15 for
further discussion of the short-term lines of credit) that the Company has
obtained through local financial institutions. These facilities are usually
short-term in nature or may contain provisions that allow them to renew
automatically with a cancellation notice period. Certain subsidiaries’
agreements require a guarantee
F-12
from Luxottica Group. Interest rates on these lines of credit vary and can be used to obtain various letters of credit when needed.
This excerpt taken from the LUX 6-K filed May 12, 2009. Bank overdrafts. Bank overdrafts represent negative cash
balances held in banks and amounts borrowed under various unsecured short-term
lines of credit (see “Short Term Credit Facilities” included in Note 15 for
further discussion of the short-term lines of credit) that the Company has
obtained through local financial institutions. These facilities are usually
short-term in nature or may contain provisions that allow them to renew automatically
with a cancellation notice period. Certain subsidiaries’ agreements require a
guarantee from Luxottica Group. Interest rates on these lines of credit vary
and can be used to obtain various letters of credit when needed.
This excerpt taken from the LUX 20-F filed Jun 26, 2008. Bank Overdrafts – Bank
overdrafts represent negative cash balances held in banks and amounts borrowed
under various unsecured short-term lines of credit (see “Credit Facilities”
included in Note 14 for further discussion of the short-term lines of credit)
that the Company has obtained through local financial institutions. These
facilities are usually short-term in nature or may contain provisions that
allow them to renew automatically with a cancellation notice period. Certain
subsidiaries’ agreements require a guarantee from Luxottica Group. Interest
rates on these lines of credit vary and can be used to obtain various letters
of credit when needed.
This excerpt taken from the LUX 6-K filed Jun 4, 2008. Bank
overdrafts. Bank overdrafts represent negative cash balances
held in banks and amounts borrowed under various unsecured short-term lines of
credit (see “Credit Facilities” included in Note 14 for further discussion of
the short-term lines of credit) that the Company has obtained through local
financial institutions. These facilities are usually short-term in nature or
may contain provisions that allow them to renew automatically with a
cancellation notice period. Certain subsidiaries’ agreements require a
guarantee from Luxottica Group. Interest rates on these lines of credit vary
and can be used to obtain various letters of credit when needed.
This excerpt taken from the LUX 20-F filed Jun 29, 2007. Bank
Overdrafts – Bank overdrafts represent negative cash balances
held in banks and amounts borrowed under various unsecured short-term lines of
credit (see “Credit Facilities” included in Note 14 for further discussion of
the short-term lines of credit) that the Company has obtained through local
financial institutions. These facilities are usually short-term in nature or
may contain provisions that allow them to renew automatically with a
cancellation notice period. Certain subsidiaries’ agreements require a
guarantee from Luxottica Group S.p.A. Interest rates on these lines of credit
vary and can be used to obtain various letters of credit when needed.
This excerpt taken from the LUX 6-K filed May 25, 2007. Bank
overdrafts - Bank overdrafts represent negative cash balances
held in banks and amounts borrowed under various unsecured short-term lines of
credit (see “Credit Facilities” included in Note 14 for further discussion of
the short-term lines of credit) that the Company has obtained through local
financial institutions. These facilities are usually short-term in nature or
may contain provisions that allow them to renew automatically with a
cancellation notice period. Certain subsidiaries’ agreements require a
guarantee from Luxottica Group S.p.A. Interest rates on these lines of credit
vary and can be used to obtain various letters of credit when needed.
This excerpt taken from the LUX 20-F filed Jun 28, 2006. Bank
Overdrafts—Bank overdrafts
represent negative cash balances held in banks and amounts borrowed under
various unsecured short-term lines of credit (see “Credit Facilities” included
in Note 14 for further discussion of the short-term lines of credit) that
the Company has obtained through local financial institutions. These facilities
are usually short-term in nature or may contain provisions that allow them to
renew automatically with a cancellation notice period. Certain subsidiaries’
agreements require a guarantee from Luxottica Group S.p.A. Interest rates on
these lines of credit vary and can be used to obtain various letters of credit
when needed.
This excerpt taken from the LUX 20-F filed Jun 29, 2005. Bank Overdrafts—Bank
overdrafts represent negative cash balances held in banks and amounts borrowed
under various unsecured short-term lines of credit (See “Credit Facilities”
included in Note 14 for further discussion of the short-term lines of
credit) that the Company has obtained through local financial institutions.
These facilities are usually short-term in nature or may contain provisions
that allow them to renew automatically with a cancellation notice period.
Certain subsidiary agreements require a guarantee from Luxottica Group S.p.A.
Interest rates on these lines of credit vary and can be used to obtain various
letters of credit when needed.
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