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.
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Relevant Issuing Bank means the Issuing Bank which issued such Letter of Credit.
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Examples of Relevant Issuing Bank in a sentence

  • 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.

  • 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.

  • 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.

  • 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.


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

  • Letter of Credit Issuer means such successor or such new issuer of Letters of Credit effective upon such appointment. At the time such resignation or replacement shall become effective, the Borrower shall pay to the resigning or replaced Letter of Credit Issuer all accrued and unpaid fees pursuant to Sections 4.1(c) and 4.1(d). The acceptance of any appointment as a Letter of Credit Issuer hereunder whether as a successor issuer or new issuer of Letters of Credit in accordance with this Agreement, shall be evidenced by an agreement entered into by such new or successor issuer of Letters of Credit, in a form satisfactory to the Borrower and the Administrative Agent and, from and after the effective date of such agreement, such new or successor issuer of Letters of Credit shall become a “Letter of Credit Issuer” hereunder. After the resignation or replacement of a Letter of Credit Issuer hereunder, the resigning or replaced Letter of Credit Issuer shall remain a party hereto and shall continue to have all the rights and obligations of a Letter of Credit Issuer under this Agreement and the other Credit Documents with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit. In connection with any resignation or replacement pursuant to this clause (a) (but, in case of any such resignation, only to the extent that a successor issuer of Letters of Credit shall have been appointed), either (i) the Borrower, the resigning or replaced Letter of Credit Issuer and the successor issuer of Letters of Credit shall arrange to have any outstanding Letters of Credit issued by the resigning or replaced Letter of Credit Issuer replaced with Letters of Credit issued by the successor issuer of Letters of Credit or (ii) the Borrower shall cause the successor issuer of Letters of Credit, if such successor issuer is reasonably satisfactory to the replaced or resigning Letter of Credit Issuer, to issue “back-stop” Letters of Credit naming the resigning or replaced Letter of Credit Issuer as beneficiary for each outstanding Letter of Credit issued by the resigning or replaced Letter of Credit Issuer, which new Letters of Credit shall be denominated in the same currency as, and shall have a face amount equal to, the Letters of Credit being back-stopped and the sole requirement for drawing on such new Letters of Credit shall be a drawing on the corresponding back-stopped Letters of Credit. After any resigning or replaced Letter of Credit Issuer’s resignation or replacement as Letter of Credit Issuer, the provisions of this Agreement relating to a Letter of Credit Issuer shall inure to its benefit as to any actions taken or omitted to be taken by it (A) while it was a Letter of Credit Issuer under this Agreement or (B) at any time with respect to Letters of Credit issued by such Letter of Credit Issuer.

  • 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 2.05(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.