Examples of Issuer Documents in a sentence
Such Letter of Credit Application and Issuer Documents must be received by the relevant L/C Issuer and the Administrative Agent not later than 1:00 p.m. at least three (3) Business Days prior to the proposed issuance date or date of amendment, as the case may be; or, in each case, such later date and time as the relevant L/C Issuer may agree in a particular instance in its sole discretion.
Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall not, take any action that the Issuer or the Grantor Trust directs the Administrator not to take or which would result in a violation or breach of the Issuer’s or Grantor Trust’s covenants, agreements or obligations under any of the Issuer Documents or Grantor Trust Documents, as applicable.
In addition, the Administrator shall consult with the Issuer and the Owner Trustee regarding the Issuer’s duties and obligations under the Issuer Documents and with the Grantor Trust and the Grantor Trust Trustee regarding the Grantor Trust’s duties and obligations under the Grantor Trust Documents.
The Administrator shall monitor the performance of the Issuer and the Grantor Trust and shall advise the Issuer or the Grantor Trust, as applicable, when action is necessary to comply with such Person’s duties and obligations under the Issuer Documents or the Grantor Trust Documents, respectively.