Replacement Issuing Bank definition

Replacement Issuing Bank is defined in Section 3.1(a).

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Replacement Issuing Bank shall have the meaning assigned thereto in Section 3.10(a).

Replacement Issuing Bank as defined in Section 2.4(j).

Examples of Replacement Issuing Bank in a sentence

• The Borrower will use its commercially reasonable efforts to assist the Issuing Bank to identify a Replacement Issuing Bank or a Fronting Bank and to obtain its agreement to act in such capacity.

• Any Replacement Issuing Bank must meet the Letter of Credit Issuer Rating.

• Any Replacement Issuing Bank shall be subject to the approval of the Borrower unless such Replacement Issuing Bank shall have a rating of “A” or higher by S&P or “A2” or higher by Moo▇▇’▇.

• As used in this Section, "employee" means any person holding a regular, provisional, or temporary appointment in the County service, and otherwise subject to the provisions of this MOU.

• Any Replacement Issuing Bank shall be subject to the approval of the Borrower unless such Replacement Issuing Bank shall have a rating of “A” or higher by S&P or “A2” or higher by ▇▇▇▇▇’▇.

More Definitions of Replacement Issuing Bank

Replacement Issuing Bank is not prohibited from issuing such Letter of Credit pursuant to any of the preceding paragraphs of this Section 3.1(a), then the Replacement Issuing Bank shall, subject to the other provisions of this Agreement, issue such Letter of Credit. The Borrower may, at any time and from time to time, reduce the Letter of Credit Commitment of any Issuing Bank with the consent of such Issuing Bank; provided that the Borrower shall not reduce the Letter of Credit Commitment of any Issuing Bank if, after giving effect of such reduction, the conditions set forth in clause (ii) above shall not be satisfied.

Replacement Issuing Bank means with respect to any Replacement Revolving Facility, any Replacement Revolving Loan Lender thereunder from time to time designated by Company as a Replacement Issuing Bank under such Replacement Revolving Facility with the consent of such Replacement Revolving Loan Lender and the Administrative Agent (such consent not to be unreasonably withheld or delayed).

Replacement Issuing Bank has the meaning set forth in Section 2.4(j).

Replacement Issuing Bank means any financial institution providing a Replacement Letter of Credit Facility in accordance with the requirements of Section 1.4(g).