Multicurrency Issuing Bank definition

Multicurrency Issuing Bank means any Issuing Bank identified in Schedule IX (as amended from time to time pursuant to Section 2.08), and its successors in such capacity as provided in Section 2.05(j), that has agreed to issue Letters of Credit under its respective Multicurrency Commitment. In the case of any Letter of Credit to be issued in an Agreed Foreign Currency, such Issuing Bank may designate any of its affiliates with credit ratings at least as good as such Issuing Bank, as the “Multicurrency Issuing Bank” for purposes of such Letter of Credit.

Multicurrency Issuing Bank means the Initial Issuing Bank (or any Affiliate thereof) and any other Lender approved as a Multicurrency Issuing Bank by the Administrative Agent and the Borrower and any Eligible Assignee to which a Multicurrency Letter of Credit Commitment hereunder has been assigned pursuant to Section 9.07 so long as each such Lender or each such Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as a Multicurrency Issuing Bank and notifies the Administrative Agent of its Applicable Lending Office and the amount of its Multicurrency Letter of Credit Commitment (which information shall be recorded by the Administrative Agent in the Register) for so long as such Initial Issuing Bank, Lender or Eligible Assignee, as the case may be, shall have a Multicurrency Letter of Credit Commitment.

Multicurrency Issuing Bank means an Initial Issuing Bank or any Eligible Assignee to which a portion of the Multicurrency Letter of Credit Commitment hereunder has been assigned pursuant to Section 9.07 so long as such Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of its Applicable Lending Office (which information shall be recorded by the Agent in the Register), for so long as the Initial Issuing Bank or Eligible Assignee, as the case may be, shall have a Multicurrency Letter of Credit Commitment.

Examples of Multicurrency Issuing Bank in a sentence

• Each Loan Guarantor waives any right to require the Multicurrency Administrative Agent, any Multicurrency Issuing Bank or any Multicurrency Revolving Lender to xxx the Canadian Borrower, any Loan Guarantor, any other guarantor, or any other Person obligated for all or any part of the Canadian Guaranteed Obligations (each, a “Canadian Obligated Party”), or otherwise to enforce its payment against any collateral securing all or any part of the Canadian Guaranteed Obligations.

• After the resignation or removal of a Multicurrency Issuing Bank hereunder, the retiring Multicurrency Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of a Multicurrency Issuing Bank under this Agreement and the other Loan Documents with respect to Multicurrency Letters of Credit issued by it prior to such removal, but shall not be required to issue additional Multicurrency Letters of Credit.

• Upon receipt of any such amount, Multicurrency Facility Agent shall make available to the applicable Multicurrency Issuing Bank an amount equal to the aggregate amount of all participations purchased at Multicurrency Issuing Bank's Principal Office or such other office specified by the applicable Multicurrency Issuing Bank not later than 12:00 noon (London, England time) on the first Business Day after the date notified by Multicurrency Facility Agent.

• Within fifteen (15) days after the end of each month ending after the Closing Date, so long as any Multicurrency Letter of Credit shall have been outstanding during such month, each Multicurrency Issuing Bank shall deliver to Global Agent and Global Agent shall deliver to each applicable Lender a report setting forth for such month the daily aggregate amount available to be drawn under the Multicurrency Letters of Credit that were outstanding during such month.

• Upon the issuance of any Multicurrency Letter of Credit, the applicable Multicurrency Issuing Bank shall notify Global Agent and Global Agent shall promptly notify each Multicurrency Facility Lender of such issuance, which notice shall be accompanied by a copy of such Letter of Credit and the amount of such Lender's respective participation in such Letter of Credit pursuant to Section 2.3(b)(iv).

More Definitions of Multicurrency Issuing Bank

Multicurrency Issuing Bank means each of Bank of America and each other Multicurrency Facility Lender, or any Affiliate thereof, which has been designated as a Multicurrency Issuing Bank by Company and which is reasonably acceptable to Global Agent, together with its permitted successors and assigns in such capacity.

Multicurrency Issuing Bank means, as the context may require, (a) DB Canada or DBNY, as applicable, acting through any of their respective Affiliates or branches in their capacity as the issuer of Multicurrency Letters of Credit hereunder and (b) any other Person that may become a Multicurrency Issuing Bank pursuant to Section 2.25(i) or 2.25(k), with respect to Multicurrency Letters of Credit issued at the time such Person was a Lender. Each Multicurrency Issuing Bank may, in its discretion, arrange for one or more Multicurrency Letters of Credit to be issued by Affiliates or branches, in which case the term “Multicurrency Issuing Bank” shall include any such Affiliate or branch with respect to Multicurrency Letters of Credit issued by such Affiliate or branch.

Multicurrency Issuing Bank means Bank of America (or any of its Affiliates), Xxxxx Fargo Capital Finance Corporation Canada and each other Tranche A Multicurrency Revolving Lender appointed by Parent and agreed by Agent and such Tranche A Multicurrency Revolving Lender, in their sole discretion, to become a Multicurrency Issuing Bank for the purpose of issuing Multicurrency Letters of Credit pursuant to Section 2.11 of the Agreement, and, in each case, their respective permitted successors and assigns. Each Multicurrency Issuing Bank shall be deemed to be a Lender and a Tranche A Multicurrency Revolving Lender. Xxxxx Fargo Capital Finance Corporation Canada shall not be obligated to issue any Multicurrency Letter of Credit that is denominated in a currency other than Dollars or Canadian Dollars without its prior written consent.

Multicurrency Issuing Bank means Citibank, N.A. (or any Affiliate thereof), Bank of America, N.A. (or any Affiliate thereof), JPMorgan Chase Bank, N.A. (or any Affiliate thereof), and any other Lender approved as a Multicurrency Issuing Bank by the Administrative Agent and the Digital Realty – Credit Agreement Operating Partnership and any Eligible Assignee to which a Multicurrency Letter of Credit Commitment hereunder has been assigned pursuant to Section 9.07 so long as each such Lender or each such Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as a Multicurrency Issuing Bank and notifies the Administrative Agent of its Applicable Lending Office and the amount of its Multicurrency Letter of Credit Commitment (which information shall be recorded by the Administrative Agent in the Register) for so long as Citibank, N.A., such Lender or such Eligible Assignee, as the case may be, shall have a Multicurrency Letter of Credit Commitment.

Multicurrency Issuing Bank means Citibank, N.A., London Branch (or any Affiliate thereof), and any other Lender approved as a Multicurrency Issuing Bank by the Administrative Agent and the Operating Partnership and any Eligible Assignee to which a Multicurrency Letter of Credit Commitment hereunder has been assigned pursuant to Section 9.07 so long as each such Lender or each such Eligible Assignee expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as a Multicurrency Issuing Bank and notifies the Administrative Agent of its Applicable Lending Office and the amount of its Multicurrency Letter of Credit Commitment (which information shall be recorded by the Administrative Agent in the Register) for so long as Citibank, N.A., such Lender or such Eligible Assignee, as the case may be, shall have a Multicurrency Letter of Credit Commitment.

Multicurrency Issuing Bank means JPMCB and Bank of America, N.A. and each other Person designated a Multicurrency Issuing Bank pursuant to Section 2.05(i), in each case in its capacity as an issuer of Letters of Credit denominated in US Dollars, Euros and Sterling hereunder, and its successors in such capacity as provided in Section 2.05(i). A Multicurrency Issuing Bank may, in its discretion, arrange for any Letter of Credit to be issued by Affiliates of such Multicurrency Issuing Bank by providing notice thereof to the US Borrower on or prior to the date on which the request for such Letter of Credit is delivered or telecopied to such Multicurrency Issuing Bank in accordance with Section 2.05(b), in which case the term “Multicurrency Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

Multicurrency Issuing Bank means JPMCB, Bank of America, N.A. and Deutsche Bank AG, New York Branch, and each other Person designated a Multicurrency Issuing Bank pursuant to Section 2.05(i), in each case in its capacity as an issuer of Letters of Credit denominated in US Dollars, Euros and Sterling hereunder, and its successors in such capacity as provided in Section 2.05(i). A Multicurrency Issuing Bank may, in its discretion, arrange for any Letter of Credit to be issued by Affiliates of such Multicurrency Issuing Bank by providing notice thereof to the US Borrower on or prior to the date on which the request for such Letter of Credit is delivered or telecopied to such Multicurrency Issuing Bank in accordance with Section 2.05(b), in which case the term “Multicurrency Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.