Examples of Credit Provider in a sentence
The interests of the Credit Provider in this Policy are hereby noted.
If there is more than one Multi-Series Letter of Credit on the date of any draw on the Multi-Series Letters of Credit pursuant to the terms of this Supplement, the Administrator shall instruct the Trustee, in writing, to draw on each Multi-Series Letter of Credit in an amount equal to the Pro Rata Share of the Multi-Series Letter of Credit Provider issuing such Multi-Series Letter of Credit of the amount of such draw on the Multi-Series Letters of Credit.
Any payment in terms of this Policy shall be made first to reduce any liability due by You to the Credit Provider in terms of the Credit Agreement and their receipt shall be an effectual discharge of Our liability for that portion of Your claim.
The Credit Provider, if any, is a third party beneficiary of the provisions of this Resolution and the Note.
In the event of a default as mentioned in 6, the Credit Provider may terminate the Loan Agreement according to the provisions of the National Credit Act.