Examples of Issuing and Paying Agent in a sentence
The City shall use its best efforts to cause the Issuing and Paying Agent to comply immediately with any such Non-Issuance Instruction.
The City shall not request a Revolving Loan or Term Loan hereunder, and the City shall not use, and shall procure that the Issuing and Paying Agent and its respective directors, officers, employees and agents shall not use, the proceeds of any proceed from the Revolving Loan or Term Loan (a) in violation of any Anti-Corruption Laws or (b) in any manner that would result in the violation of any Sanctions applicable to the City.
Each telephonic notice by the Issuing and Paying Agent, on behalf of the City, pursuant to this Section 2.02(a)(i) must be confirmed promptly by delivery to the Bank of a Request for Loan appropriately completed and signed by the Issuing and Paying Agent.
In addition, the Bank shall have no obligation to make a Revolving Loan to the City to pay the principal of or interest on any Commercial Paper Note that was issued by the City after receipt by the Issuing and Paying Agent and the City of a Non-Issuance Instruction.
The Bank may deliver a notice to the Issuing and Paying Agent and to the City, in the form of Exhibit A attached hereto directing the City not to issue and the Issuing and Paying Agent not to authenticate any Commercial Paper Note (a “Non-Issuance Instruction”), at any time that the Bank shall have determined that any condition to the issuance of any Commercial Paper Note has not been satisfied.