A Issuing Bank definition

A Issuing Bank shall have the meaning provided in Recital (B) hereto;
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A Issuing Bank means Paribas and any Bank which at the request of the Borrower agrees, in such Bank's sole discretion, to become an A Issuing Bank for the purpose of issuing A Letters of Credit pursuant to Section 1A; provided that in the case of any Existing Letter of Credit issued by Bank Austria, Bank Austria shall (to the extent same is still a Bank hereunder at the time of the respective incorporation thereof as described below) be the A Issuing Bank with respect to such Existing Letter of Credit in connection with the incorporation thereof hereunder as an "A Letter of Credit" as contemplated by Section 1A.01(d). The sole A Issuing Bank on the Third Restatement Effective Date is Paribas.
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A Issuing Bank means Credit Agricole Indosuez.
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Examples of A Issuing Bank in a sentence

  • No Issuing Bank shall be under any obligation to amend any Letter of Credit if (A) Issuing Bank would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit.

  • Any action taken or omitted to be taken by any A Issuing Bank under or in connection with any A Letter of Credit if taken or omitted in the absence of gross negligence or willful misconduct, shall not create for such A Issuing Bank any resulting liability to the Borrower or any Bank.

  • Unless the A Issuing Bank has received notice from any Bank before it issues an A Letter of Credit that one or more of the conditions specified in Section 5 are not then satisfied, or that the issuance of such A Letter of Credit would violate Section 1A.01(c), then such A Issuing Bank may issue the requested A Letter of Credit for the account of the Borrower in accordance with the A Issuing Bank's usual and customary practices.

  • In the case of a Letter of Credit denominated in a Foreign Currency, Parent Borrower shall reimburse Issuing Bank in such Foreign Currency, unless (A) Issuing Bank (at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in Dollars, Parent Borrower shall have notified Issuing Bank promptly following receipt of the notice of drawing that Parent Borrower will reimburse Issuing Bank in Dollars.

  • The Stated Amount of each A Letter of Credit shall be not less than $25,000 or such lesser amount as is acceptable to the A Issuing Bank but in no event shall there be more than 75 A Letters of Credit outstanding at any one time.

  • If the Administrative Agent so notifies, prior to 11:00 a.m. (New York time) on any Business Day, any A Participant required to fund a payment under an A Letter of Credit, such A Participant shall make available to the Administrative Agent at the Payment Office of the Administrative Agent for the account of such A Issuing Bank in Dollars such A Participant's A RL Percentage of the amount of such payment on such Business Day in same day funds.

  • Issuing Bank shall have no obligation to issue any Letter of Credit unless (A) Issuing Bank receives a LC Request and LC Application at least three Business Days prior to the requested date of issuance; and (B) each LC Condition is satisfied.

  • The Company shall for itself and as agent for the Guaranteed Subsidiaries pay to the Facility Agent for the account of each Tranche A Issuing Bank, a pro rata temporis commission (the Tranche A Issuing Bank Fee) of an amount equal to the aggregate of 0.05 per cent per annum, of the daily aggregate outstanding amount of each Tranche A Bonding Guarantee issued by that Tranche A Issuing Bank.

  • The obligations of each Tranche A Participating Bank in this Clause 16 do not extend to any of the Applicants’ obligations to provide cash cover to a Tranche A Issuing Bank in any of the circumstances provided for in the Finance Documents, but this exception shall not exonerate the Tranche A Participating Banks from their ultimate indemnity or participation obligations to the Tranche A Issuing Banks in respect of the relevant Tranche A Bonding Guarantee pursuant to this Clause 16.

  • The A Issuing Bank shall give the Company prompt notice of the A Drawing under the A Letter of Credit issued by it, provided that the failure to give any such notice shall in no way affect, impair or diminish the Company's obligations hereunder.