Underlying Issuer definition

Underlying Issuer means a third Person which is the beneficiary of an L/C Undertaking and which has issued a letter of credit at the request of the Issuing Lender for the benefit of Borrowers.

Underlying Issuer means Xxxxx Fargo or one of its Affiliates.

Underlying Issuer. Each issuer of Underlying Notes.

Examples of Underlying Issuer in a sentence

• Each Borrower understands that the L/C Undertakings may require Issuing Lender to indemnify the Underlying Issuer for certain costs or liabilities arising out of claims by Borrowers against such Underlying Issuer.

• Borrower understands that the L/C Undertakings may require Issuing Lender to indemnify the Underlying Issuer for certain costs or liabilities arising out of claims by Borrower against such Underlying Issuer.

• If, at the time that Agent’s resignation is effective, it is acting as the Issuing Lender or the Swing Lender, such resignation shall also operate to effectuate its resignation as the Issuing Lender or the Swing Lender, as applicable, and it shall automatically be relieved of any further obligation to issue Letters of Credit, to cause the Underlying Issuer to issue Letters of Credit, or to make Swing Loans.

• Borrower understands that the Reimbursement Undertakings may require Issuing Lender to indemnify the Underlying Issuer for certain costs or liabilities arising out of claims by Borrower against such Underlying Issuer.

• Borrower hereby acknowledges and agrees that none of the Issuing Lender, any other member of the Lender Group, or any Underlying Issuer shall be responsible for delays, errors, or omissions resulting from the malfunction of equipment in connection with any Letter of Credit.

More Definitions of Underlying Issuer

Underlying Issuer means the 2021-A Issuer, the 2021-B Issuer, the 2021-C Issuer or the 2022-A Issuer, as applicable.

Underlying Issuer means in respect of each Series, the Underlying Issuer as specified in the Final Terms for that Series.

Underlying Issuer means the entity that is the issuer of the Underlying Share specified in the applicable Final Terms; and

Underlying Issuer a financial institution designated by Xxxxx Fargo to issue Underlying Letters of Credit from time to time which financial institution shall be a Schedule I chartered bank under the Bank Act (Canada).

Underlying Issuer. Means [____________________].

Underlying Issuer means the U.S. Underlying Issuer or the Canadian Underlying Issuer, as the context requires.

Underlying Issuer means Xxxxx Fargo or another third Person which is the beneficiary of a Reimbursement Undertaking and which has issued a Letter of Credit at the request of an Issuing Bank for the benefit of Borrower.