LOC Issuer definition

LOC Issuer means PNC and each other Person from time to time party hereto as an LOC Issuer.
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LOC Issuer means the Person or Persons specified as such in the LOC Reimbursement Agreement.
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LOC Issuer shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. "Loss Payment Date" shall have the meaning set forth in Section 7.01 of the Amended and Restated Lease. "Maintenance Reports" shall have the meaning set forth in Section 4.02 of the Amended and Restated Lease. "Maintenance Reserve Account" shall mean the Maintenance Reserve Account established pursuant to Section 2.03(b) of the Amended and Restated Disbursement Agreement. "Maintenance Reserve Account Reduction Certificate" shall mean a duly executed and completed certificate in the form of Exhibit 8.02(d) to the Amended and Restated Disbursement Agreement. "Majority Banks" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. "Majority of the Limited Partners" shall have the meaning set forth in the Partnership Agreement. "Management Costs" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. "Material Adverse Effect" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. "Memorandum of Amended and Restated Lease" shall mean the Memorandum of Amended and Restated Lease, dated December 22, 1995, between the Lessor and the Lessee. "Monthly Distribution Date" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement for the term "Payment Date." "Moody's" shall mean Xxxxx'x Investors Service, Inc., a Delaware corporation. "Mortgaged Property" shall have the meaning set forth in the Project Mortgage. "Multiemployer Plan" shall mean a Plan which is a "multiemployer plan" as such term is defined in Section 4001(a)(3) of ERISA. "NatWest" shall mean National Westminster Bank Plc, acting through its New York branch. "Net Cash Flow" shall mean, for any Period, Project Revenues remaining after application through item Third of Section 13.01(c)(i) of the Amended and Restated Reimbursement Agreement. "New Term Loans" shall have the meaning set forth in the Amended and Restated Reimbursement Agreement. 15
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Examples of LOC Issuer in a sentence

  • The LOC must be issued by a bank, savings association, or other financial institution (the LOC Issuer) acceptable to the COUNTY which is authorized to do business in the State of Florida.

  • In no event shall any of such LOC Issuer or other Indemnified Party be liable to Seller or any other Person for any indirect, consequential, incidental, punitive, exemplary or special damages or expenses (including attorneys’ fees), or for any damages resulting from any change in the value of any property relating to a Letter of Credit.

  • Seller shall authorize and direct each LOC Issuer to name Seller, on behalf of, or “for the benefit of” Originator, as the “Applicant” or “Account Party” (as applicable) of each Letter of Credit; p rovided, in either case, in no event shall any Person (including Originator) other than the Seller or Seller in such capacity be the Applicant” or “Account Party” (as applicable) under any Letter of Credit or otherwise have any obligation to reimburse any LOC Issuer under the terms of any Letter of Credit.

  • The garlic crop exhibited unexpectedly high Kcb values, possibly due to its upright but fairly dispersed canopy structure.

  • The Seller shall only request, on any Purchase Date, and the applicable LOC Issuer shall only issue, extend or renew Letters of Credit on such Purchase Date with the same expiry date, so that each Committed Purchaser shall have the same tenor of its aggregate LOC Exposure as each other Committed Purchaser has as of each Purchase Date.

  • In the event of a conflict between a Letter of Credit Application and this Agreement, this Agreement shall govern (unless such resolution of such conflict would adversely affect such LOC Issuer or its rightswith respect to such Letter of Credit, in which case the terms of such Letter of Credit Application shall govern so long as the application of such term would not adversely affect any other Purchaser, Agent or other Secured Party hereunder).

  • The aggregate Stated Amount of all such Letters of Credit purchased under each LOC Purchase made pursuant to this Section 1.1(c) shall be subject to Section 1.1(b)(iv), and, with respect to each applicable LOC Issuer, in an amount not less than $1,000,000 and in integral multiples of $100,000 in excess thereof.

  • That number was broken down into further sub-categories, to identify the ultimate reason why npower had been unable to do so (respectively: “customer declined”, “customer not yet ready”, “3rd party agent”, “customer no contact”, “no comms signal”, or “works required”).

  • Seller also has the right to give instructions and make agreements with respect to any Letter of Credit Application and the disposition of documents, and to agree with Agent, the applicable Purchaser Agent and the applicable LOC Issuer upon any amendment, extension or renewal of any Letter of Credit.

  • It is understood and agreed that, except in the case of gross negligence or willful misconduct by an LOC Issuer, as determined by a final non-appealable judgment of a Court of competent jurisdiction, such LOC Issuer shall not be liable for any error, breach, negligence and/or mistakes, whether of omission or commission, in following Seller’s instructions or those contained in the Letters of Credit issued by it or any modifications, amendments or supplements thereto.


More Definitions of LOC Issuer

LOC Issuer means the Acceptable Bank that issues the letters of credit for the benefit of the Sellers as described in Section 2.2(b).
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LOC Issuer shall have the meaning set forth in the Amended and Restated ---------- Reimbursement Agreement.
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LOC Issuer shall have the meaning set forth in the Amended and Restated Reimbursement Agreement.
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LOC Issuer. See Section 2.3;
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LOC Issuer has the meaning set forth in Section 2.9.
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LOC Issuer means , a company incorporated under the law of [Thailand/other], having registered address at . "Ngày Đáo Hạn" có nghĩa là ngày đáo hạn áp dụng đối với từng khoản trong Tín Dụng Khoản Vay Ngắn Hạn, Tín Dụng Khoản Vay Tuần Hoàn, Tín Dụng Biên Nhận Ủy Thác và Tín Dụng Tài Trợ Xuất Khẩu, ngày đáo hạn được quy định cho từng Tín Dụng liên quan trong Mục 2.
Sample 1

Related to LOC Issuer

  • Letter of Credit Issuer means such successor or such new issuer of Letters of Credit effective upon such appointment. At the time such resignation or replacement shall become effective, the Borrower shall pay to the resigning or replaced Letter of Credit Issuer all accrued and unpaid fees pursuant to Sections 4.1(c) and 4.1(d). The acceptance of any appointment as a Letter of Credit Issuer hereunder whether as a successor issuer or new issuer of Letters of Credit in accordance with this Agreement, shall be evidenced by an agreement entered into by such new or successor issuer of Letters of Credit, in a form satisfactory to the Borrower and the Administrative Agent and, from and after the effective date of such agreement, such new or successor issuer of Letters of Credit shall become a “Letter of Credit Issuer” hereunder. After the resignation or replacement of a Letter of Credit Issuer hereunder, the resigning or replaced Letter of Credit Issuer shall remain a party hereto and shall continue to have all the rights and obligations of a Letter of Credit Issuer under this Agreement and the other Credit Documents with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit. In connection with any resignation or replacement pursuant to this clause (a) (but, in case of any such resignation, only to the extent that a successor issuer of Letters of Credit shall have been appointed), either (i) the Borrower, the resigning or replaced Letter of Credit Issuer and the successor issuer of Letters of Credit shall arrange to have any outstanding Letters of Credit issued by the resigning or replaced Letter of Credit Issuer replaced with Letters of Credit issued by the successor issuer of Letters of Credit or (ii) the Borrower shall cause the successor issuer of Letters of Credit, if such successor issuer is reasonably satisfactory to the replaced or resigning Letter of Credit Issuer, to issue “back-stop” Letters of Credit naming the resigning or replaced Letter of Credit Issuer as beneficiary for each outstanding Letter of Credit issued by the resigning or replaced Letter of Credit Issuer, which new Letters of Credit shall be denominated in the same currency as, and shall have a face amount equal to, the Letters of Credit being back-stopped and the sole requirement for drawing on such new Letters of Credit shall be a drawing on the corresponding back-stopped Letters of Credit. After any resigning or replaced Letter of Credit Issuer’s resignation or replacement as Letter of Credit Issuer, the provisions of this Agreement relating to a Letter of Credit Issuer shall inure to its benefit as to any actions taken or omitted to be taken by it (A) while it was a Letter of Credit Issuer under this Agreement or (B) at any time with respect to Letters of Credit issued by such Letter of Credit Issuer.

  • LC Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • L/C Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Issuing Bank means JPMorgan Chase Bank, N.A., in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.06(i). The Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • Issuing Bank Agreement has the meaning assigned to such term in Section 2.05(i).

  • Issuing Lender means, with respect to any Letter of Credit, the Lender which agrees or is otherwise obligated to issue such Letter of Credit, determined as provided in subsection 3.1B(ii).

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Issuing Lenders means all such Persons, collectively.

  • LC Issuing Bank means each Lender identified as an “LC Issuing Bank” on Schedule II and any other Lender or Affiliate of a Lender that shall agree to issue a Letter of Credit pursuant to Section 2.04.

  • Initial Issuing Bank has the meaning specified in the recital of parties to this Agreement.

  • Issuing Banks shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • Swingline Bank means JPMCB, in its capacity as lender of Swingline Advances hereunder.

  • Initial Issuing Banks has the meaning specified in the recital of parties to this Agreement.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • Issuing Agent means Pareto Securities AB, or another party replacing it, as Issuing Agent, in accordance with these Terms and Conditions.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but on behalf of the Lenders hereunder.

  • L/C Issuers means (i) Bank of America, (ii) any other Lender in its capacity as issuer of Letters of Credit hereunder who has been selected by GFI and who has agreed to be an L/C Issuer hereunder in accordance with the terms hereof and (iii) any successor issuer of Letters of Credit hereunder appointed in accordance with the terms hereof, and “L/C Issuer” means any one of them.

  • Issuing Lender Fees shall have the meaning set forth in Section 2.5(c).

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

  • Issuing Bank Fees shall have the meaning assigned to such term in Section 2.12(b).

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Bank Agent means Bank of America, N.A., in its capacity as administrative agent for the Bank Lenders under the Bank Credit Agreement, and its successors and assigns in such capacity.

  • Swing Line Bank has the meaning specified in the recital of parties to this Agreement.