European Issuing Bank definition

European Issuing Bank means an Issuing Bank that has agreed to issue European Letters of Credit.
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European Issuing Bank means X.X. Xxxxxx Europe Limited or JPMorgan Chase Bank, N.A., in each case in its capacity as the issuer of European Letters of Credit hereunder and its successors in such capacity as provided in Section 2.06(i). The European Issuing Bank may, in its discretion, arrange for one or more European Letters of Credit to be issued by Affiliates of the European Issuing Bank, in which case the term "European Issuing Bank" shall include any such Affiliate with respect to European Letters of Credit issued by such Affiliate.
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European Issuing Bank means Citibank, in its capacity as the issuer of the European Letters of Credit.
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Examples of European Issuing Bank in a sentence

  • Each of the European Revolving Lenders and the European Issuing Bank hereby irrevocably appoints the European Agent as its agent and authorizes the European Agent to take such actions on its behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated to the European Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto.

  • Any drawing received after 1:00 P.M. (New York time) on a Business Day shall be deemed to have been received by the European Issuing Bank on the next Business Day.

  • Nothing in this Agreement or any other Loan Document shall affect any right that the European Collateral Agent, any European Lender or any European Issuing Bank may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any European Loan Party or its properties in the courts of any jurisdiction.

  • In consideration and in furtherance of the foregoing, each European Revolving Lender hereby absolutely and unconditionally agrees to pay to the European Agent, for the account of the European Issuing Bank, such European Revolving Lender's Commitment Percentage of each LC Disbursement made by the European Issuing Bank and not reimbursed by European Borrower on the date due as provided in Section 2.06(e), or of any reimbursement payment required to be refunded to European Borrower for any reason.

  • For the avoidance of doubt, an Assignment and Assumption shall not be invalidated by any failure of the relevant U.K. Revolving Lender or European Issuing Bank to comply with this Section 2.17(k)(v).

  • The failure of any Bank to make available to the Administrative Agent for the account of the European Issuing Bank its Aggregate Pro Rata Share of any such payment shall not relieve any other Bank of its obligation hereunder to make available to the Administrative Agent for the account of the European Issuing Bank its Aggregate Pro Rata Share of any payment on the date such payment is to be made.

  • Without limiting the generality of the foregoing, the making of a Loan to the European Borrower or issuance of a European Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the European Collateral Agent, any European Lender or any European Issuing Bank may have had notice or knowledge of such Default at the time.

  • The obligation of the Company to pay the European Issuing Bank under this Section 2.03(b) for any draw under a European Letter of Credit (each, a "European Reimbursement Obligation" and collectively, the "European Reimbursement Obligations") shall bear interest from the date of the applicable payment by the European Issuing Bank at a per annum rate of interest equal to the Base Rate plus two percent (2%).


More Definitions of European Issuing Bank

European Issuing Bank means Citibank International plc (or any Affiliate thereof), and any other Lender approved as a European Issuing Bank by the Administrative Agent and the Operating Partnership and any Eligible Assignee to which a European Letter of Credit Commitment hereunder has been assigned pursuant to Section 9.07 so long as each such Lender or each such Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as a European Issuing Bank and notifies the Administrative Agent of its Applicable Lending Office and the amount of its European Letter of Credit Commitment (which information shall be recorded by the Administrative Agent in the Register) for so long as such initial European Issuing Bank, Lender or Eligible Assignee, as the case may be, shall have a European Letter of Credit Commitment.
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European Issuing Bank means, as the context may require, (a) KBC Bank NV, in its capacity as issuer of European Letters of Credit issued by it; (b) any other Lender that may become a European Issuing Bank pursuant to Sections 2.06(j) and (k) in its capacity as issuer of European Letters of Credit issued by such Lender; or (c) collectively, all of the foregoing.
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European Issuing Bank as applicable, shall, with respect to such Letters of Credit, be deemed to refer to such Revolving Lender in its capacity as Issuing Bank, as the context shall require.
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European Issuing Bank means, individually and collectively as the context may require, in the case of each French Letter of Credit and U.K. Letter of Credit, JPMorgan Chase Bank, N.A., and any other Lender (which shall be a French Qualifying Issuing Bank, in the case of French Letters of Credit) proposed by the Borrower Representative that has agreed to act as a European Issuing Bank and is reasonably acceptable to the Administrative Agent, each in its capacity as an issuer of U.K. Letters of Credit and French Letters of Credit hereunder, and its successors and assigns in such capacity as provided in Section 2.06(j). Each European Issuing Bank may, in its sole discretion, arrange for one or more U.K. Letters of Credit or French Letters of Credit to be issued by Affiliates of such European Issuing Bank, in which case the term “European Issuing Bank” shall include any such Affiliate with respect to U.K. Letters of Credit or French Letters of Credit issued by such Affiliate.
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Related to European Issuing Bank

  • LC Issuing Bank means each Lender identified as an “LC Issuing Bank” on Schedule II and any other Lender or Affiliate of a Lender that shall agree to issue a Letter of Credit pursuant to Section 2.04.

  • 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.

  • 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.

  • 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.

  • Issuing Lenders means all such Persons, collectively.

  • Issuing Banks means (a) with respect to the Letter of Credit A Facility, each Initial Issuing Bank that has a Letter of Credit A Commitment set forth opposite its name on Schedule I hereto and any other Working Capital A Lender approved as an Issuing Bank by the Agent and, so long as no Default shall have occurred and be continuing, by Crompton Corp. (such approval not to be unreasonably withheld or delayed) and each Eligible Assignee to which a Letter of Credit A Commitment hereunder has been assigned pursuant to Section 8.07 and (b) with respect to the Letter of Credit B-1 Facility, each Initial Issuing Bank that has a Letter of Credit B-1 Commitment set forth opposite its name on Schedule I hereto and any other Working Capital B-1 Lender approved as an Issuing Bank by the Agent and, so long as no Default shall have occurred and be continuing, by Crompton Corp. (such approval not to be unreasonably withheld or delayed) and each Eligible Assignee to which a Letter of Credit B-1 Commitment hereunder has been assigned pursuant to Section 8.07 so long as, in each case, each such Lender or Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of its Applicable Lending Office and the amount of its Letter of Credit Commitment (which information shall be recorded by the Agent in the Register).

  • U.S. Issuing Bank means an Issuing Bank that has agreed to issue U.S. Letters of Credit.

  • LC Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit 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.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Issuing Lender Fees shall have the meaning set forth in Section 2.5(c).

  • Initial Issuing Banks has the meaning specified in the recital of parties to this Agreement.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

  • Initial Issuing Bank has the meaning specified in the recital of parties to this Agreement.

  • Letter of Credit Issuer means such successor or such new issuer of Letters of Credit effective upon such appointment. At the time such resignation or replacement shall become effective, the Borrower shall pay to the resigning or replaced Letter of Credit Issuer all accrued and unpaid fees pursuant to Sections 4.1(c) and 4.1(d). The acceptance of any appointment as a Letter of Credit Issuer hereunder whether as a successor issuer or new issuer of Letters of Credit in accordance with this Agreement, shall be evidenced by an agreement entered into by such new or successor issuer of Letters of Credit, in a form satisfactory to the Borrower and the Administrative Agent and, from and after the effective date of such agreement, such new or successor issuer of Letters of Credit shall become a “Letter of Credit Issuer” hereunder. 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. In connection with any resignation or replacement pursuant to this clause (a) (but, in case of any such resignation, only to the extent that a successor issuer of Letters of Credit shall have been appointed), either (i) the Borrower, the resigning or replaced Letter of Credit Issuer and the successor issuer of Letters of Credit shall arrange to have any outstanding Letters of Credit issued by the resigning or replaced Letter of Credit Issuer replaced with Letters of Credit issued by the successor issuer of Letters of Credit or (ii) the Borrower shall cause the successor issuer of Letters of Credit, if such successor issuer is reasonably satisfactory to the replaced or resigning Letter of Credit Issuer, to issue “back-stop” Letters of Credit naming the resigning or replaced Letter of Credit Issuer as beneficiary for each outstanding Letter of Credit issued by the resigning or replaced Letter of Credit Issuer, which new Letters of Credit shall be denominated in the same currency as, and shall have a face amount equal to, the Letters of Credit being back-stopped and the sole requirement for drawing on such new Letters of Credit shall be a drawing on the corresponding back-stopped Letters of Credit. 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.

  • Issuing Bank Fees shall have the meaning assigned to such term in Section 2.12(b).

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $2,500,000, in the case of Chase and (ii) in the case of any other Issuing Bank, such amount as shall be designated to the Administrative Agent and the Borrower in writing by such Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrower.

  • Issuing Bank Agreement has the meaning assigned to such term in Section 2.05(i).

  • LC means Letter of Credit

  • Swingline Bank means JPMCB, in its capacity as lender of Swingline Advances hereunder.

  • Multicurrency Lender means the Persons listed on Schedule 1.01(b) as having Multicurrency Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Multicurrency Commitment or to acquire Revolving Multicurrency Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Canadian Administrative Agent means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as Canadian administrative agent for the Lenders hereunder.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.