New Issuing Bank definition

New Issuing Bank has the meaning specified in Section 2.15.
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New Issuing Bank means any Person that becomes an Issuing Bank pursuant to Section 2.21.
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New Issuing Bank means each financial institution that executes and delivers to the Administrative Agent a signature page to this Amendment on which it is indicated that such New Issuing Bank shall become a party to the Amended Credit Agreement on the date hereof; and
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Examples of New Issuing Bank in a sentence

  • From and after such date, all new Letters of Credit requested to be issued hereunder shall be issued by the New Issuing Bank.

  • Such notice shall specify the date (which shall be a Business Day) on which the New Issuing Bank is to become an additional Issuing Bank hereunder.

  • Such notice shall specify the date (which shall be a Letter of Credit Business Day) on which the New Issuing Bank is to become an additional "Issuing Bank" hereunder.

  • The Borrowers agree that after any appointment of a New Issuing Bank hereunder, the Borrowers shall use reasonable commercial efforts to promptly replace (or otherwise cause the applicable beneficiary to return to the Old Issuing Bank for cancellation) each letter of credit issued by the Old Issuing Bank.

  • The Account Parties and RenRe agree that after any appointment of a New Issuing Bank hereunder, the Account Parties and RenRe shall use reasonable commercial efforts to promptly replace (or otherwise cause the applicable beneficiary to return to the Old Issuing Bank for cancellation) each letter of credit issued by the Old Issuing Bank with a Letter of Credit issued by the New Issuing Bank.

  • Such notice shall specify the date (which shall be a Letter of Credit Business Day) on which the New Issuing Bank is to become an additional “Issuing Bank” hereunder.

  • The Account Parties and RenRe agree that after any appointment of a New Issuing Bank hereunder, the Account Parties and RenRe shall use commercially reasonable efforts to promptly replace (or otherwise cause the applicable beneficiary to return to the Old Issuing Bank for cancellation) each letter of credit issued by the Old Issuing Bank with a Letter of Credit issued by the New Issuing Bank.

  • The Account Parties agree that after any appointment of a New Issuing Bank hereunder, the Account Parties shall use reasonable commercial efforts to promptly replace (or otherwise cause the applicable beneficiary to return to the Old Issuing Bank for cancellation) each letter of credit issued by the Old Issuing Bank with a new Letter of Credit issued by the New Issuing Bank.

  • That effort is an exercise of this Court’s ultimate rulemaking authority over the capital postconviction system, but was preempted by the Legislature’s action in that field with the Timely Justice Act, which explicitly states that it was drafted “[i]n support of these efforts,” referring to the AOSC13-11 subcommittee.

  • The New Issuing Bank (i) irrevocably submits to the non-exclusive jurisdiction of any New York State court or Federal court sitting in New York City in any action arising out of this Agreement or any Letter of Credit, (ii) agrees that all claims in such action may be decided in such court, (iii) waives, to the fullest extent it may effectively do so, the defense of an inconvenient forum and (iv) consents to the service of process by mail.


More Definitions of New Issuing Bank

New Issuing Bank means any Person that becomes an L/C Issuer pursuant to Section 2.16.
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New Issuing Bank has the meaning set forth in Section 2.21(a).
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Related to New Issuing Bank

  • 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.

  • LC means Letter of Credit

  • Letters of Credit as defined in Section 3.1(a).

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

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

Most Referenced Clauses

Most Referenced Definitions