Fronting Lender definition

Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but on behalf of the Lenders hereunder.

Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.

Fronting Lender means Sumitomo Mitsui Banking Corporation, its successors and assigns.

Examples of Fronting Lender in a sentence

• Each Issuance shall be made on the Required Notice, given in the form of an Accommodation Request not later than 1:00 p.m. (Toronto time) by the Borrower to the Fronting Lender (with a copy of each such Accommodation Request to the Administrative Agent).

• The Borrower shall pay to the Administrative Agent the aforesaid amount in respect of both any Letter of Credit outstanding hereunder and any Letter of Credit which is the subject matter of any order, judgment, injunction or other such determination (in this section 5.9, a “Judicial Order”) restricting payment by the Fronting Lender under and in accordance with such Letter of Credit or extending the Fronting Lender’s liability under such Letter of Credit beyond the expiration date stated therein.

• The Fronting Lender may require changes in any such documents or certificate, acting reasonably.

• Each Lender agrees (on a several basis with the other Lenders up to the amount of such Lxxxxx’s Commitment), on the terms and conditions herein set forth, from time to time on any Business Day, to issue Letters of Credit under the Credit Facility, through the Fronting Lender for the account of the Borrower prior to the cancellation or termination thereof; provided that at no time shall the Face Amount of outstanding Letters of Credit exceed collectively the Equivalent Amount of C$500 million.

• On the Issue Date, the Fronting Lender will complete and issue a Letter of Credit in favour of the Beneficiary as specified by the Borrower in its Accommodation Request.

More Definitions of Fronting Lender

Fronting Lender means any one of the Fronting Lenders.

Fronting Lender. JPMorgan Chase Bank, N.A.

Fronting Lender means DBNY, in its individual capacity or any Person serving as a successor Administrative Agent hereunder, in its individual capacity as a Fronting Lender.

Fronting Lender with respect to a particular Fronted Offshore Currency, each Lender (or an Affiliate thereof) which executes and delivers a Fronting Lender Addendum with respect to such Fronted Offshore Currency, provided that, unless the Administrative Agent otherwise agrees, there shall be no more than one Fronting Lender for any Fronted Offshore Currency.

Fronting Lender means GE Capital, in its capacity as Fronting Lender, or its successor appointed pursuant to Section 9.7(b).

Fronting Lender means the Administrative Agent in its capacity as Fronting Lender under the Revolving Loans, together with its successors and assigns in such capacity.

Fronting Lender means CIBC or any other Lender selected by the Borrower and approved by the Agent which agrees to act as a fronting lender to issue Fronted LCs.