Fronting Banks means (a) any Lender or Affiliate of any Lender, in each case, having a long-term credit rating acceptable to the Borrower (and, in the case of any such Affiliate, being otherwise reasonably acceptable to the Borrower) that delivers an instrument in form and substance satisfactory to the Borrower and the Agent whereby such other Lender or Affiliate agrees to act as a “Fronting Bank” hereunder and states the amount of its LC Fronting Bank Commitment and (b) with respect to the Existing Letters of Credit, Citibank, N.A., in its capacity as Fronting Bank and issuer thereunder.

Fronting Banks means the Initial Fronting Banks and any other Lender designated by Weyerhaeuser to the extent such Lender has expressly agreed to perform all of the obligations that, by the terms of this Agreement, are required to be performed as the Fronting Banks, as such consent by such Lender may be evidenced from time to time by documentation reasonably acceptable to Weyerhaeuser, such Lender and the Administrative Agent.

Fronting Banks means (i) CS and Citibank, N.A., (ii) any Affiliate of any person listed in clause (i), and (iii) any Lender or Affiliate of any Lender, in each case, having a long-term credit rating acceptable to the Borrower (and, in the case of any such Affiliate, being otherwise reasonably acceptable to the Borrower) that delivers an instrument in form and substance satisfactory to the Borrower and the Agent whereby such other Lender or Affiliate agrees to act as a “Fronting Bank” hereunder and states the amount of its LC Fronting Bank Commitment.

Examples of Fronting Banks in a sentence

Any Fronting Bank may resign at any time by giving written notice thereof to the Lenders, the other Fronting Banks and the Borrowers, as long as such Fronting Bank has no Letters of Credit outstanding under this Agreement.
If a Fronting Bank has any Letters of Credit outstanding under this Agreement and delivers a written notice of its intent to resign to the Lenders, the other Fronting Banks and the Borrowers, such Fronting Bank shall continue to honor its obligations under this Agreement, but shall have no obligation to issue any new Letter of Credit.
Upon receipt of such notice of intent to resign, the Borrowers and such Fronting Bank may agree to replace or terminate the outstanding Letters of Credit issued by such Fronting Bank and to designate one or more Lenders as Fronting Banks to replace such Fronting Bank.
Upon such resignation, the Borrowers may designate one or more Lenders as Fronting Banks to replace the retiring Fronting Bank.
The Borrowers shall provide prompt notice of any proposed Commitment Increase pursuant to this Section 2.06(b) to the Administrative Agent, which shall promptly provide a copy of such notice to the Lenders and the Fronting Banks.

More Definitions of Fronting Banks

Fronting Banks means the Fronting Banks, as that term is defined in the Agreement.

Fronting Banks means, from time to time, any Lenders selected by the Borrower and the Agent which have agreed to act as a fronting bank to issue Letters of Credit up to their respective Fronting Bank Commitments; provided that with respect to any particular Letter of Credit issued hereunder, “Fronting Bank” shall mean the Lender which issued that Letter of Credit;

Fronting Banks refers to ING (following its accession hereto) and DB solely in their capacities as Fronting Banks in respect of the New Trade Finance Facility and, in relation to DB, the New Hedging Support Facility, and not in any other capacity or in respect of any other debt, agreement or instrument;

Fronting Banks means either:

Fronting Banks means the fronting banks providing the New Trade Finance Facility.

Fronting Banks. ING Bank N.V. and Deutsche Bank AG for the New Trade Finance Facility, and Deutsche Bank AG for the New Hedging Support Facility. The Fronting Banks will receive fronting risk protection from the Participants as set out in Subsection 2 (The Participants). The Facility Agreement (as defined in Subsection 7 (Other Terms)) will allow for the accession and resignation of Fronting Banks, in each case with the consent of Trading Co, the other Fronting Banks (acting reasonably and with regard to operational and credit issues) and the Majority Participants (as defined in Subsection 7 (Other Terms)). A resigning Fronting Bank shall not be required to issue further Trade LCs but will remain a party to the Facility Agreement and will benefit from relevant rights (and retain relevant obligations) while outstanding Trade

Fronting Banks. A bank to be selected by Trading Co and the Consortium, to be appointed on terms to be set out in the Facility Agreement. The Fronting Banks will receive fronting risk protection from the Participants as set out in Subsection 2 (The Participants). The Facility Agreement will allow for the accession and resignation of Fronting Banks, in each case with the consent of Trading Co, the other Fronting Banks (acting reasonably and with regard to operational and credit issues) and the Majority Participants (as defined in Subsection 6 (Other Terms). A resigning Fronting Bank shall not be required to issue further Trade LCs but will remain a party to the Facility Agreement and will benefit from relevant rights (and retain relevant obligations) while outstanding Trade