LOC Provider definition

LOC Provider means the banks and financial institutions providing or otherwise participating in any of the Letters of Credit under or pursuant to any Reimbursement Agreement."
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LOC Provider means a bank that (i) is on the “List of Qualified U.S. Financial Institutions” established and maintained by the NAIC; [***] is not a parent, subsidiary or affiliate of the Parties.
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LOC Provider means any provider of a Letter of Credit that is set forth on the “List of Qualified U.S. Financial Institutions” established and maintained by the National Association of Insurance Commissioners and reasonably satisfactory to the Cedant and the Reinsurer; provided, that the Cedant shall be permitted to consider, among other things, the Cedant’s overall credit exposure with respect to such proposed LOC Provider in determining whether such proposed LOC Provider is satisfactory.
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Examples of LOC Provider in a sentence

  • Upon any such resignation, the Lender shall have the right to appoint a successor Agent, subject to (i) the prior written approval of such successor Agent by each LOC Provider and each Liquidity Lender and (ii) receipt of written confirmation from each Rating Agency that such appointment shall not result in a withdrawal or downgrading of the then current credit rating of the Commercial Paper.

  • The Trustee at any time may resign and be discharged from the trusts hereby created by giving written notice thereof to the Contract Seller, the Servicer, the Insurer, the LOC Provider and each Rating Agency.

  • The Insurer and the LOC Provider shall be entitled to bring a claim against the Contract Seller for its failure to perform its obligations under Section 3.05 or a claim against the Servicer for any failure by the Servicer to make Monthly Advances as required under Section 5.01 or any deposit or other payment required under this Agreement.

  • The LOC Provider is willing to pledge its assets to secure the issuance of the Letter of Credit subject to the following terms and conditions, and the parties have agreed to amend the Agreement as hereinafter set forth.

  • The Borrower will not amend, extend, modify, waive, revise or otherwise alter or terminate any terms of the Loan or any related documents in any manner that affects any rights or obligations of the LOC Provider.

  • No Remedy herein conferred upon or reserved to the LOC Provider is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder and the related documents or now or hereafter existing at law or in equity or by statute.

  • Upon a Drawing on the DSR Letter of Credit, a portion of the amount in the separate account equal to such Drawing's proportionate share of the Maximum Stated Amount shall be transferred by the Collateral Agent to the DSR LOC Provider.

  • The Borrower will immediately give notice to the LOC Provider of the occurrence of any Event of Default hereunder, or any event which would reasonably be expected to become an Event of Default but for the requirement that notice be given or time elapse or both hereunder or under any related document, specifying the nature thereof, the period of existence thereof and what action Borrower proposes to take with respect thereto.

  • The Borrower and LOC Provider agree that this Agreement shall govern and be binding on the Borrower until the Loan is paid in full and the Letter of Credit is released.

  • The LOC Provider agrees, on the terms and conditions hereinafter set forth, to provide for the issuance and delivery of the Letter of Credit in favor of the Bank in substantially the form of EXHIBIT A attached hereto and to pledge such assets as are required in order to obtain the issuance of the Letter of Credit.


More Definitions of LOC Provider

LOC Provider is hereby deleted in its entirety and the following is inserted in lieu thereof:
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LOC Provider means Barclays Bank PLC (registered number 01026167) whose registered office is at 54 Lombard Street, London EC3P 3AH, United Kingdom, acting through its Milan branch in its capacity as letter of credit provider pursuant to the Letter of Credit Facility Agreement;
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LOC Provider is inserted in appropriate alphabetical order:
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LOC Provider means any issuer of an LOC. The initial LOC Provider is The Royal Bank of Scotland plc, a limited liability company incorporated in Great Britain and registered under the law of Scotland.
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LOC Provider means any bank or financial institution issuing a letter of credit for the account of the Borrower or BRC.
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Related to LOC Provider

  • New Provider means any replacement service provider or providers engaged to provide the Services (or part thereof) or substantially similar services or the Authority itself where the Services or substantially similar services or part thereof continue to be provided by the Authority after partial termination, termination or expiry of this Contract;

  • Hub Provider means an entity that (i) provides Common Channel Signaling (SS7) connectivity between the networks of service providers that are not directly connected to each other; or (ii) provides third party database services such as LIDB. The SS7 messages received by Hub Providers are accepted or rejected by the Hub Provider depending on whether a contractual arrangement exists between the Hub Provider and the message originator (sender) and whether the message originator has contracted for the type of SS7 messages being submitted for transmission to the Hub Provider.

  • Electric provider means any of the following:

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Credit Provider means a Person providing a guaranty, or other credit support, in form and substance reasonably acceptable to the Administrative Agent, of the obligations of an Included Investor to make Investor Capital Contributions.

  • Enhancement Provider means, with respect to any Series, the Person, if any, designated as such in the related Supplement.

  • Local Facility Provider means HSBC Trinkaus & Xxxxxxxxx XX, Deutsche Bank AG, Commerzbank Aktiengesellschaft and Hong Kong and Shanghai Banking Corporation Ltd., Thailand, Bank of America, N.A., Canada Branch, FIA Card Services, N.A., Citibank N.A., Citibank (China) Co., Ltd., Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex, Bank of America, N.A., provided in each case it has become a party to, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, the First Lien Intercreditor Agreement in its capacity as local facility provider.

  • Liquidity Provider has the meaning assigned to such term in the recital of parties to this Agreement.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Non-Administrator Provider means a Provider that does not meet the definition of Administrator Provider unless otherwise specified in the definition of a particular Provider.

  • Replacement Provider has the meaning set forth in Section II.D.1.

  • Collateral Provider means the Security Collateral Provider under a Security Document or the Transferor under a Transfer Annex, according to context, in relation to which “Collateral Taker” means the Secured Party or the Transferee, as the case may be.

  • Individual provider means an individual provider as defined

  • Policy Provider means MBIA Insurance Corporation, or any successor thereto.

  • Cap Provider means the third-party financial institution approved by Lender that is the counterparty under any Cap Agreement or Replacement Cap Agreement.

  • Provider is any individual or company that provides professional or technical services.

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Liquidity Providers means, collectively, the Class A Liquidity Provider and the Class B Liquidity Provider.

  • Non-Administrator Dialysis Facility means a Dialysis Facility which does not have an agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan but has been certified in accordance with the guidelines established by Medicare.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Approved provider means a provider of services registered with the appropriate association or organization to render services to a member and approved by Latrobe to render services to its members.

  • Agency provider means an entity that directly employs at least one person in addition to the chief executive officer for the purpose of providing services for which the entity must be certified in accordance with rule 5123:2-2-01 of the Administrative Code.

  • Content Provider means any video programming provider of copyrighted works for transmission to Licensed Products and the copyright owners of such work.

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

  • Participating Prosthetic Provider means a Prosthetic Provider who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.