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) the Dollar Equivalent of greater than $1,000,000.
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).
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.
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.
More Definitions of Principal Issuing Bank
Principal Issuing Bank has the meaning assigned to such term in the definition of “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.
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.
Principal Issuing Bank means JPMorgan Chase Bank.
Principal Issuing Bank. The definition of “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.
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.
Principal Issuing Bank each of Bank of America, N.A., Barclays Bank PLC, Xxxxxxx Xxxxx Bank USA, JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., MUFG Bank, Ltd., PNC Bank, National Association, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, The Bank of Nova Scotia, Houston Branch, The Toronto-Dominion Bank, New York Branch and Truist Bank.