Credit Bank definition

Credit Bank means and includes Bank and any other or additional bank or other Person (other than Borrower or other customer of Lender or any liquidity provider as such) now or hereafter extending credit or a purchase commitment to or for the account of Lender or issuing a letter of credit, surety bond or other instrument, in each case to support any obligations arising under or in connection with Lender's commercial paper program.

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Credit Bank means as to any particular Series of Bonds, the Person (other than an Insurer) providing a letter of credit, a line of credit or other credit or liquidity facility, as designated in the Supplemental Resolution providing for the issuance of such Bonds.

Credit Bank means and includes State Street Bank, as lender to Purchaser and as issuer of a letter of credit for Purchaser's account under the Credit Agreement, and any other or additional bank or other financial institution now or hereafter extending credit or having a commitment to extend credit to or for the account of Purchaser under the Credit Agreement.

Examples of Credit Bank in a sentence

• If a demand for payment is made under any such Letter of Credit, Bank shall treat such demand as an Advance to Borrower of the Dollar Equivalent of the amount thereof (plus fees and charges in connection therewith such as wire, cable, SWIFT or similar charges).

• If a demand for payment is made under any such Letter of Credit, Bank shall treat such demand as an Advance to Borrower of the equivalent of the amount thereof (plus fees and charges in connection therewith such as wire, cable, SWIFT or similar charges) in Dollars at the then-prevailing rate of exchange in San Francisco, California, for sales of the Foreign Currency for transfer to the country issuing such Foreign Currency.

• If a demand for payment is made under any such Letter of Credit, Bank shall treat such demand as an Advance to Borrower of the equivalent of the amount thereof (plus cable charges) in United States currency at the then prevailing rate of exchange in San Francisco, California, for sales of that other currency for cable transfer to the country of which it is the currency.

• For purposes of this Article the phrase “payments made on behalf of Obligors” shall mean payments made by Persons other than the Seller, the Servicer or the Letter of Credit Bank, if any.

• The Servicer shall also be permitted to reimburse the Letter of Credit Bank out of its own funds.

More Definitions of Credit Bank

Credit Bank means Comerica Bank-California, a California banking corporation and its successors and assigns, as issuer of the Letter of Credit, or any issuer of a substitute Letter of Credit.

Credit Bank means and includes each Bank and any other or additional bank or other Person (other than any customer of any Conduit Purchaser or any liquidity provider as such) now or hereafter extending credit or a purchase commitment to or for the account of a Conduit Purchaser or issuing a letter of credit, surety bond or other instrument, in each case to support any obligations arising under or in connection with such Conduit Purchaser's commercial paper program.

Credit Bank means the National Savings and Credit Bank of Zambia established by section three of the National Savings and Credit Act.

Credit Bank means SunTrust Bank, Atlanta, a banking corporation organized and existing under the laws of the State of Georgia.

Credit Bank means the lender under the Credit Agreement.

Credit Bank means and includes XXX, as lender to XXX and as issuer of a letter of credit for XXX's account under the Credit Agreement, and any other or additional bank or other financial institution from time to time extending credit or having a commitment to extend credit to or for the account of XXX under the Credit Agreement.

Credit Bank means [ ], acting through its [ ] Agency.