Existing LC Issuer definition

Existing LC Issuer means Comerica Bank.

Existing LC Issuer means JPMorgan Chase Bank, N.A.

Existing LC Issuer means Citibank, N.A.

Examples of Existing LC Issuer in a sentence

• For the avoidance of doubt, (a) the Debtors shall not use any L/C Cash Collateral without the prior written consent of the Existing L/C Issuer other than to indefeasibly pay in full the Existing L/C Claim, and (b) the Debtors shall not use any funds from the P-Card Account without the prior written consent of Bank of America other than to indefeasibly pay in full any balance owed on the P-Cards.

• Each Borrower and each Existing L/C Issuer listed in Schedule 1.01B agrees that the Existing Letter of Credit set forth beside its name in Schedule 1.01B shall be deemed to be an Alternative Letter of Credit established under the Revolving Credit Commitments on a bilateral basis in respect of all or any part of its Revolving Credit Commitment for all purposes under this Agreement.

• Nevertheless, and out of an abundance of caution, the Existing L/C Issuer and Bank of America shall receive automatically perfected first priority replacement liens and security interests in and upon the Collateral to secure any diminution in value of the L/C Issuer’s interests in the L/C Cash Collateral or Bank of America’s interests in the P-Card Account from and after the Petition Date.

More Definitions of Existing LC Issuer

Existing LC Issuer means Citibank, N.A. or any of its Affiliates, as issuer of the Existing Letters ofCredit.

Existing LC Issuer means JPMorgan Chase Bank, N.A., in its capacity as issuer of the Existing Letters of Credit.

Existing LC Issuer means each issuer of the Existing Letters of Credit.

Existing LC Issuer means CFC, in its capacity as issuer of the Existing Letters of Credit. “Extending Lender” shall have the meaning specified for such term in Section 2.20. “Extension Effective Date” shall have the meaning specified for such term in Section 2.20.

Existing LC Issuer means each bank which has issued an Existing Letter of Credit.

Existing LC Issuer means Bank of America, N.A.

Existing LC Issuer means JPMorgan Chase Bank, N.A. “Existing Lender” means a “Lender” under and as defined in the Existing LC Facility. “Existing Secured Fronted Letters of Credit” has the meaning provided in Section 2.17. “Existing Secured Several Letters of Credit” has the meaning provided in Section 2.18. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Code. “Federal Funds Effective Rate” means, for any day, the rate calculated by the FRBNY based on such day’s federal funds transactions by depository institutions (as determined in such manner as the FRBNY shall set forth on its public website from time to time) and published on the next succeeding Business Day by the FRBNY as the federal funds effective rate. “Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Company. “Five-Year Unsecured Revolving Credit and Letter of Credit Facility” means the $85,000,000 unsecured revolving credit and letter of credit facility among the Company, Validus Re, various Designated Subsidiary Account Parties, JPMorgan Chase Bank, N.A., as administrative agent, and one or more lenders entered into on December 9, 2015, including the related collateral and security documents and other instruments and agreements executed in connection therewith, and amendments, renewals, replacements, refinancings and restatements to any of the foregoing (provided that the principal amount thereof shall not exceed $85,000,000 or, if increased in accordance with its terms, $150,000,000, plus reasonable refinancing costs, fees and expenses). “Foreign Currencies” means Agreed Currencies other than Dollars. “Foreign Currency Letter of Credit” means a Letter of Credit denominated in a Foreign Currency. “Foreign Currency Letter of Credit Outstandings” means, at any time, the aggregate amount of Letter of Credit Outstandings in respect of Foreign Currency Letters of Credit at such time. “Foreign Lender” means any Lender that is resident for tax purposes or organized under the laws of a jurisdiction other than (i) Bermuda, or (ii) the United States of America, any State thereof or the District of Columbia; provided, however, that with respect to an Account Party th...