Relevant Issuing Bank definition

Relevant Issuing Bank means, in respect of any SFA Cash Cover, the Issuing Bank (if any) for which that SFA Cash Cover is provided.

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Relevant Issuing Bank means, in respect of any Credit Facility Cash Cover, the Issuing Bank (if any) for which that Credit Facility Cash Cover is provided.

Relevant Issuing Bank means the Issuing Bank which issued such Letter of Credit.

Examples of Relevant Issuing Bank in a sentence

• In respect of any Letter of Credit, any payment by the Relevant Issuing Bank of an amount due under such Letter of Credit and payment by each Relevant Bank to such Relevant Issuing Bank of such Relevant Bank's Commitment Percentage share of that amount shall be deemed to be a Canadian Prime Loan or Base Rate Loan depending on whether the amounts paid are in Canadian Dollars or U.S. Dollars, in each case, such Loan shall be made to the Borrower which requested such Letter of Credit.

• Upon receipt of any such notice, the Relevant Agent shall on the same day advise the Relevant Issuing Bank and each Relevant Bank of the contents thereof.

• Each Relevant Borrower's obligation to pay and reimburse the Relevant Agent for account of the Relevant Issuing Bank is unconditional and irrevocable and shall be paid strictly in accordance with this Agreement under all circumstances.

• In the event that such Relevant Borrower fails to so advise such Relevant Agent, or if such Relevant Borrower fails to reimburse such Relevant Issuing Bank for a demand for payment under a Letter of Credit by the date of such payment, such Relevant Agent shall give each Relevant Bank prompt notice of the amount of the demand for payment, specifying such Relevant Bank's Commitment Percentage of the amount of the related demand for payment.

More Definitions of Relevant Issuing Bank

Relevant Issuing Bank means in relation to any Bond which has been or is to be issued, the Issuing Bank which has issued, is to issue or has been requested to issue that Bond;

Relevant Issuing Bank means, in respect of any RCF Cash Cover, the Issuing Bank (if any) for which that RCF Cash Cover is provided.

Relevant Issuing Bank means, in respect of any Pari Passu Facility Cash Cover, the Issuing Bank (if any) for which that Pari Passu Facility Cash Cover is provided.

Relevant Issuing Bank means in connection with any U.S. Letter of Credit or U.S. Loan, the U.S. Issuing Bank and in connection with any Canadian Letter of Credit or Canadian Loan, the Canadian Issuing Bank.