Documentary Credit Borrower definition

Documentary Credit Borrower means a Revolving Credit Borrower.
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Documentary Credit Borrower means, as to each Revolving Credit Facility, a Revolving Credit Borrower under such Facility, and may be referred to as a “Canadian Documentary Credit Borrower” or a “U.S. Documentary Credit Borrower”, as applicable.
Sample 1

Examples of Documentary Credit Borrower in a sentence

  • Within one Business Day following the date of such drawing under a Documentary Credit, the applicable Documentary Credit Borrower shall pay to such Documentary Credit Lender an amount in same day funds equal to the amount so drawn in the currency in which such Documentary Credit is payable.

  • The issuing Documentary Credit Lender may, before the issue of the Documentary Credit and in consultation with the applicable Documentary Credit Borrower, require changes in any such document or certificate.

  • The Issue Notice shall be in substantially the form of Schedule 4, shall be irrevocable and binding on the applicable Documentary Credit Borrower once given by it to the Administrative Agent and such Documentary Credit Lender, and shall specify (i) the requested date of Issue (the “Issue Date”); (ii) the Type of Documentary Credit; (iii) the Face Amount and currency of the Documentary Credit; (iv) the expiration date of the Documentary Credit; and (v) the name and address of the Beneficiary.

  • Each Documentary Credit Lender agrees, on the terms and subject to the conditions of this Agreement, to issue Documentary Credits for the account of the applicable Documentary Credit Borrower from time to time on any Business Day prior to the Relevant Repayment Date in respect of the Revolving Credit Facility to such Documentary Credit Borrower.

  • Section 4.01 Documentary Credits Each Documentary Credit Lender agrees, on the terms and subject to the conditions of this Agreement, to issue Documentary Credits for the account of the applicable Documentary Credit Borrower from time to time on any Business Day prior to the Relevant Repayment Date in respect of the Revolving Credit Facility to such Documentary Credit Borrower.

  • Each Documentary Credit Xxxxxx agrees, on the terms and subject to the conditions of this Agreement, to issue Documentary Credits for the account of the applicable Documentary Credit Borrower from time to time on any Business Day prior to the Relevant Repayment Date in respect of the Revolving Credit Facility to such Documentary Credit Borrower.

  • Each Documentary Credit Lender agrees, on the terms and subject to the conditions of this Agreement, to issue Documentary Credits for the account of the Documentary Credit Borrowers from time to time on any Business Day prior to the Relevant Repayment Date in respect of the Canadian Revolving Credit Facility or the U.S. Revolving Credit Facility, as applicable to such Documentary Credit Borrower.

  • Each Documentary Credit Lender agrees, on the terms and subject to the conditions of this Agreement, to issue Documentary Credits for the account of the Documentary Credit Borrowers from time to time on any Business Day prior to the Relevant Repayment Date in respect of the Revolving Credit Facility to such Documentary Credit Borrower.

Related to Documentary Credit Borrower

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Letter of Credit Subfacility means, at any time, an amount equal to the lesser of (a) the aggregate amount of the L/C Issuers’ Letter of Credit Sublimits at such time and (b) the Revolving Credit Facility at such time. The Letter of Credit Subfacility is part of, and not in addition to, the Revolving Credit Facility. On the Closing Date, the amount of the Letter of Credit Subfacility is $25,000,000.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Issuing Bank means JPMorgan Chase Bank, N.A., in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.06(i). The Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • Issuing Lender means WFCF or any other Lender that, at the request of Borrower and with the consent of Agent, agrees, in such Lender’s sole discretion, to become an Issuing Lender for the purpose of issuing Letters of Credit or Reimbursement Undertakings pursuant to Section 2.11 of the Agreement and the Issuing Lender shall be a Lender.

  • Applicant Borrower has the meaning specified in Section 2.14.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to: