Additional Issuing Banks definition
Examples of Additional Issuing Banks in a sentence
The Additional Issuing Banks, the Borrower and the Administrative Agent agree that this Amendment shall constitute an Issuing Bank Agreement as described in Section 2.04(k) of the Credit Agreement, to be effective as of the Montage Merger Effective Date.
The Administrative Borrower may appoint Additional Issuing Banks by written agreement among the Administrative Borrower, the Administrative Agent and the applicable Additional Issuing Bank entered into at least two (2) Business Days before the issuance of any Letters of Credit by such Additional Issuing Bank.
Company has requested that the Additional Issuing Banks agree to issue additional Letters of Credit in an aggregate amount equal to $200,000,000 (collectively, the “New Letters of Credit”).
SECTION 2.06 Reduction and Increase of the Revolving Credit Commitments; Additional Issuing Banks.
Additional Issuing Banks The Parent may, at any time and from time to time, designate one or more additional Revolving Lenders to act as an issuing bank under the terms of this Agreement, with the consent of the Priority Agent (which consent shall not be unreasonably withheld), the Issuing Bank and such Revolving Lender(s).
If the Borrowers are required to provide cash collateral hereunder as a result of the occurrence of an Event of Default, such cash collateral (to the extent not applied as aforesaid) shall be returned to the Borrowers within three Business Days after all Events of Default have been cured or waived.(j) Designation of Additional Issuing Banks.