Principal Issuing Bank definition

Principal Issuing Bank means, on any date, (a) the Issuing Bank, in the event there is only one Issuing Bank, and (b) in all other events, (i) the Issuing Bank with respect to which the LC Exposure attributable to the outstanding Letters of Credit issued by such Issuing Bank on such date is the greatest and (ii) each other Issuing Bank with respect to which the LC Exposure attributable to the outstanding Letters of Credit issued by such Issuing Bank on such date is greater than $5,000,000.
Sample 1Sample 2Sample 3
Principal Issuing Bank means JPMCB and any other Issuing Bank whom the Borrower and JPMCB agree will be a Principal Issuing Bank (or any of their Affiliates that shall act as Issuing Banks hereunder).
Sample 1Sample 2Sample 3
Principal Issuing Bank has the meaning assigned to such term in the definition of “Issuing Bank.”
Sample 1Sample 2Sample 3

Examples of Principal Issuing Bank in a sentence

  • The applicable Principal Issuing Bank shall provide the Administrative Agent with a copy of each such Letter of Credit in accordance with Section 2.20(b) below.

  • The applicable Principal Issuing Bank shall provide the Administrative Agent with a copy of each such Letter of Credit in accordance with Section 2.19(b) below.

  • We won’t treat more than two consecutive periodsof unemployment as one continuous period of unemployment.

  • A passage from Mill’s On Liberty reads: It is the privilege and proper condition of a human being, arrived at the maturity of his faculties, to use and interpret experience in his own way.

  • L.L.C., as Borrower, CITIBANK, N.A., as Administrative Agent, Swingline Lender and a Principal Issuing Bank, by by Name: Name: Title: Title: [[Name of Additional Principal Issuing Bank], as a Principal Issuing Bank by Name: Title:] 1 Consents to be included to the extent required by Section 9.04(b) of the Credit Agreement.


More Definitions of Principal Issuing Bank

Principal Issuing Bank means, at any time, each Issuing Bank that at such time has outstanding Letters of Credit with an aggregate undrawn amount in excess of $25,000,000, or such lesser amount as may be agreed by the Administrative Agent and the relevant Issuing Bank.
Sample 1Sample 2Sample 3
Principal Issuing Bank means, on any date, (a) the Issuing Bank, if there is only one Issuing Bank and (b) otherwise, (i) the Issuing Bank with the greatest LC Exposure on such date and (ii) each other Issuing Bank that has issued Letters of Credit that on such date have available for drawing thereunder (together with the aggregate unreimbursed LC Disbursement, thereunder on such date) of greater than $5,000,000.
Sample 1Sample 2Sample 3
Principal Issuing Bank means JPMorgan Chase Bank.
Sample 1Sample 2Sample 3
Principal Issuing Bank is amended in its entirety to read as follows: “Principal Issuing Bank”: each of Mizuho Corporate Bank, LTD. and PNC Bank, National Association.
Sample 1Sample 2
Principal Issuing Bank means, at any time, JPMorgan Chase Bank, N.A., and each other Issuing Bank that at such time has outstanding Letters of Credit with an aggregate undrawn amount in excess of $5,000,000.
Sample 1Sample 2
Principal Issuing Bank each of Mizuho Bank, Ltd., MUFG Bank, Ltd., The Toronto-Dominion Bank, New York Branch, JPMorgan Chase Bank, N.A., BNP Paribas, Royal Bank of Canada, Barclays Bank PLC, Citibank, N.A., Xxxxxxx Xxxxx Bank USA, The Bank of Nova Scotia, Bank of America, N.A., Sumitomo Mitsui Banking Corporation and Truist Bank.
Sample 1
Principal Issuing Bank is hereby amended to read as follows:
Sample 1Sample 2