Credit Issuer definition

Credit Issuer means the issuer of or obligor under the Credit Facility; provided, however, that if, pursuant to the Credit Agreement, the issuer of or obligor under the Credit Facility shall have appointed an agent on its behalf (which agent may, but need not, act on behalf of other parties as well) and given notice to the Corporation and the Trustee of such appointment, references in the Resolution to the Credit Issuer shall be deemed to refer to said agent, except that with respect to the issuance of such Credit Facility and the obtaining of amounts thereunder, references in the Resolution to the Credit Issuer shall be deemed to refer to such issuer or obligor under such Credit Facility.

Credit Issuer means any issuer of a Credit Facility then in effect for all or part of the Revenue Obligations. The term Credit Issuer shall not include any Reserve Account Credit Facility Provider. Whenever in the Resolution the consent of the Credit Issuer is required, such consent shall only be required from the Credit Issuer whose Credit Facility is issued with respect to the Revenue Obligations for which the consent is required.

Credit Issuer means the issuer of any Credit Facility, its successors and assigns; provided, however, that in connection with the acceptance of an Alternate Credit Facility that results in the occurrence of a Mandatory Purchase Date for a Series of Bonds, until the occurrence of such Mandatory Purchase Date, "Credit Issuer" shall mean, with respect to such Series, the Applicable Credit Issuer immediately prior to acceptance of such Alternate Credit Facility.

Examples of Credit Issuer in a sentence

• Unless otherwise directed by the Letter of Credit Issuer, the Borrower shall not be required to make a specific request to the Letter of Credit Issuer for any such extension.

• The Administrative Agent shall use the proceeds of such Revolving Credit Loans solely for purpose of reimbursing the Letter of Credit Issuer for the related Unpaid Drawing.

• After any resigning or replaced Letter of Credit Issuer’s resignation or replacement as Letter of Credit Issuer, the provisions of this Agreement relating to a Letter of Credit Issuer shall inure to its benefit as to any actions taken or omitted to be taken by it (A) while it was a Letter of Credit Issuer under this Agreement or (B) at any time with respect to Letters of Credit issued by such Letter of Credit Issuer.

• Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the Letter of Credit Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.

• After the resignation or replacement of a Letter of Credit Issuer hereunder, the resigning or replaced Letter of Credit Issuer shall remain a party hereto and shall continue to have all the rights and obligations of a Letter of Credit Issuer under this Agreement and the other Credit Documents with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit.

More Definitions of Credit Issuer

Credit Issuer means the Credit Issuer immediately prior to acceptance of such Alternate Credit Facility.

Credit Issuer means any issuer of a Credit Facility then in effect for all or part of the Bonds.

Credit Issuer means any financial institution or Bank or Non-Banking financial company having arrangement or agreement with Reliance and who grants or sanctions credit facility to the Member.

Credit Issuer means, with respect to such Series, the Applicable Credit Issuer immediately prior to acceptance of such Alternate Credit Facility.

Credit Issuer means initially GECC, as the issuer of the Letter of Credit, and upon the acceptance of any Alternate Credit Facility or Alternate Letter of Credit by Trustee as provided herein, the issuer of such Alternate Credit Facility or Alternate Letter of Credit, as the case may be.

Credit Issuer means the issuer of a Credit Facility.

Credit Issuer means any person who extends, purchases or takes assignments of credit to any consumer(s), as the whole or part of their business, regardless of the nature of the arrangement between the consumer and the person issuing credit.