Examples of Issuing Bank in a sentence
The Administrative Agent will make such Loans available to the Borrower Representative by promptly crediting the funds so received in the aforesaid account of the Administrative Agent to the applicable Funding Account; provided that ABR Revolving Loans made to finance the reimbursement of an LC Disbursement as provided inSection 2.06(e) shall be remitted by the Administrative Agent to the Issuing Bank.
Promptly following receipt by the Administrative Agent of any payment from the Borrowers pursuant to this paragraph, the Administrative Agent shall distribute such payment to the respective Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank, as their interests may appear.
You, as a Buyer, understand that upon initiating a Transaction You are entering into a legally binding and enforceable contract with the GI Tagged to purchase the products and /or services from the Seller using the Payment Facility, and You shall pay the Transaction Price through Your Issuing Bank to the GI Tagged using Payment Facility.
The Issuing Bank for any Letter of Credit shall, within the time allowed by applicable law or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit.
Any payment effected by the Applicant in favour of the Beneficiary through the Issuing Bank and referring to this Standby Letter of Credit will automatically reduce / cancel the amount available under this Standby Letter of Credit.