US Letter of Credit Issuer means JPMCB, any of its Affiliates or any successor pursuant to Section 3.6. The Letter of Credit Issuer may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Letter of Credit Issuer, and in each such case the term “Letter of Credit Issuer” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. In the event that there is more than one Letter of Credit Issuer at any time, references herein and in the other Credit Documents to the Letter of Credit Issuer shall be deemed to refer to the Letter of Credit Issuer in respect of the applicable Letter of Credit or to all Letter of Credit Issuers, as the context requires.
US Letter of Credit Issuer means the U.S. Bank, any affiliate of the U.S. Bank or any other U.S. Lender or Affiliate of a U.S. Lender that issues any U.S. Letter of Credit pursuant to this Agreement and agrees to provide reporting with respect to U.S. Letters of Credit reasonably required by the Agent.
US Letter of Credit Issuer means NationsBank.
Examples of US Letter of Credit Issuer in a sentence
Subject to all of the terms and conditions of this Agreement, the Agent agrees to cause the U.S. Letter of Credit Issuer to issue for the account of any U.S. Borrower one or more commercial/documentary and standby letters of credit denominated in Dollars (each, a “U.S. Letter of Credit” and, collectively, the “U.S. Letters of Credit”) and to amend, renew or extend U.S. Letters of Credit previously issued by the U.S. Letter of Credit Issuer (unless otherwise provided below).
Without limitation of the foregoing, each U.S. Lender agrees to reimburse the applicable U.S. Letter of Credit Issuer promptly upon demand for its Pro Rata Share of any costs or expenses payable by the applicable U.S. Borrowers to such U.S. Letter of Credit Issuer, to the extent that such U.S. Letter of Credit Issuer is not promptly reimbursed for such costs and expenses by the applicable U.S. Borrowers.
More Definitions of US Letter of Credit Issuer
US Letter of Credit Issuer means (a) a Lender or Affiliate of a Lender to be mutually agreed by the Administrative Agent and the Parent Borrower, any of its Affiliates or any replacement or successor pursuant to Section 3.6 and (b) in the case of the Existing Letters of Credit, JPMorgan Chase Bank, N.A. The U.S. Letter of Credit Issuer may, in its discretion, arrange for one or more U.S. Letters of Credit to be issued by Affiliates of the U.S. Letter of Credit Issuer, and in each such case the term “U.S. Letter of Credit Issuer” shall include any such Affiliate with respect to U.S. Letters of Credit issued by such Affiliate. In the event that there is more than one U.S. Letter of Credit Issuer at any time, references herein and in the other Credit Documents to the U.S. Letter of Credit Issuer shall be deemed to refer to the U.S. Letter of Credit Issuer in respect of the applicable U.S. Letter of Credit or to all U.S. Letter of Credit Issuers, as the context requires.
US Letter of Credit Issuer means Bank of America, Xxxxx Fargo Bank, N.A. (solely with respect to any Existing Letters of Credit issued by it) any Affiliate of Bank of America or any other financial institution that issues any U.S. Letter of Credit pursuant to this Agreement; provided that solely for purposes of each Existing Letter of Credit, the entity identified on Schedule 2.4 to this Agreement as the issuer of such Letter of Credit shall be deemed for all purposes of this Agreement to be the U.S. Letter of Credit Issuer and shall have all rights, obligations and privileges of the U.S. Letter of Credit Issuer with respect thereto.
US Letter of Credit Issuer means Credit Suisse AG or any successor pursuant to Section 3.6. The US Letter of Credit Issuer may, in its discretion, arrange for one or more US Letters of Credit to be issued by Affiliates or through branches of the US Letter of Credit Issuer, and in each such case the term “US Letter of Credit Issuer” shall include any such Affiliate or branch, as applicable, with respect to US Letters of Credit issued by such Affiliate or branch, as applicable. In the event that there is more than one US Letter of Credit Issuer at any time, references herein and in the other Credit Documents to the US Letter of Credit Issuer shall be deemed to refer to the US Letter of Credit Issuer in respect of the applicable US Letter of Credit or to all US Letter of Credit Issuers, as the context requires.
US Letter of Credit Issuer means Credit Suisse First Boston or any successor pursuant to Section 3.6. The US Letter of Credit Issuer may, in its discretion, arrange for one or more US Letters of Credit to be issued by Affiliates of the US Letter of Credit Issuer, and in each such case the term “US Letter of Credit Issuer” shall include any such Affiliate with respect to US Letters of Credit issued by such Affiliate. In the event that there is more than one US Letter of Credit Issuer at any time, references herein and in the other Credit Documents to the US Letter of Credit Issuer shall be deemed to refer to the US Letter of Credit Issuer in respect of the applicable US Letter of Credit or to all US Letter of Credit Issuers, as the context requires.
US Letter of Credit Issuer means such successor issuer effective upon such appointment. At the time such resignation shall become effective, the Borrower shall pay to the resigning US Letter of Credit Issuer all accrued and unpaid fees pursuant to Sections 4.1(c) and (e). The acceptance of any appointment as the US Letter of Credit Issuer hereunder by a successor Lender shall be evidenced by an agreement entered into by such successor, in a form satisfactory to the Borrower and the Administrative Agent and, from and after the effective date of such agreement, such successor Lender shall have all the rights and obligations of the previous Letter of Credit Issuer under this Agreement and the other Credit Documents. If the Canadian Letter of Credit Issuer shall resign as Canadian Letter of Credit Issuer under this Agreement, then the Canadian Borrower shall appoint from among the Lenders with Canadian Revolving Credit Commitments a successor issuer of Canadian Letters of Credit, whereupon such successor issuer shall succeed to the rights, powers and duties of the Canadian Letter of Credit Issuer, and the term “Canadian Letter of Credit Issuer” shall mean such successor issuer effective upon such appointment. At the time such resignation shall become effective, the Canadian Borrower and the Borrower, as applicable shall pay to the resigning Letter of Credit Issuer all accrued and unpaid fees pursuant to Sections 4.1(d ) and (e). After the resignation of the Letter of Credit Issuer hereunder, the resigning 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 Loan Documents with respect to Letters of Credit issued by it prior to such resignation, but shall not be required to issue additional Letters of Credit. After any retiring Letter of Credit Issuer’s resignation as Letter of Credit Issuer, the provisions of this Agreement relating to the 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 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.
US Letter of Credit Issuer means (a) in the case of the Existing Letters of Credit, SunTrust or Bank of Montreal, as indicated on Schedule 1.1(a) and (b) in the case of all other Letters of Credit, The Bank of Nova Scotia, or, in each case, any successor pursuant to Section 3.6. The US Letter of Credit Issuer may, in its discretion, arrange for one or more US Letters of Credit to be issued by Affiliates of the US Letter of Credit Issuer, and in each such case the term “US Letter of Credit Issuer” shall include any such Affiliate with respect to US Letters of Credit issued by such Affiliate. In the event that there is more than one US Letter of Credit Issuer at any time, references herein and in the other Credit Documents to the US Letter of Credit Issuer shall be deemed to refer to the US Letter of Credit Issuer in respect of the applicable US Letter of Credit or to all US Letter of Credit Issuers, as the context requires.
US Letter of Credit Issuer means, collectively, (a) each of Barclays Bank PLC (the “Barclays U.S. Letter of Credit Issuer,” together with the Barclays Spanish Letter of Credit Issuer, the “Barclays Letter of Credit Issuer”), Credit Suisse AG, Cayman Islands Branch (the “Credit Suisse U.S. Letter of Credit Issuer,” together with the Credit Suisse Spanish Letter of Credit Issuer, the “Credit Suisse Letter of Credit Issuer”), Xxxxxx Xxxxxxx Senior Funding, Inc. (the “Xxxxxx Xxxxxxx U.S. Letter of Credit Issuer,” together with the Xxxxxx Xxxxxxx Spanish Letter of Credit Issuer, the “Xxxxxx Xxxxxxx Letter of Credit Issuer”), JPMorgan Chase Bank, N.A. (the “JPM U.S. Letter of Credit Issuer,” together with the JPM Spanish Letter of Credit Issuer, the “JPM Letter of Credit Issuer”), Citicorp North America, Inc. (the “Citi U.S. Letter of Credit Issuer,” together with the Citi Spanish Letter of Credit Issuer, the “Citi Letter of Credit Issuer”), and Bank of Montreal (the “BMO U.S. Letter of Credit Issuer,” together with the BMO Spanish Letter of Credit Issuer, the “BMO Letter of Credit Issuer”), each as an issuer of any U.S. Letter of Credit, (b) any Lender or Affiliate of a Lender to be mutually agreed by the Administrative Agent and the Parent Borrower, from and after the Sixth Amendment Effective Date, in such capacity, or any of its Affiliates and (c) any replacements or successors thereof pursuant to Section 3.6. Without limiting each U.S. Letter of Credit Issuer’s obligations to issue any U.S. Letter of Credit, subject to the terms of this Agreement, a U.S. Letter of Credit Issuer may, in its discretion, arrange for one or more U.S. Letters of Credit to be issued by Affiliates of such U.S. Letter of Credit Issuer, and in each such case the term “U.S. Letter of Credit Issuer” shall include any such Affiliate with respect to U.S. Letters of Credit issued by such Affiliate. In the event that there is more than one U.S. Letter of Credit Issuer at any time, references herein and in the other Credit Documents to the U.S. Letter of Credit Issuer shall be deemed to refer to the U.S. Letter of Credit Issuer in respect of the applicable U.S. Letter of Credit or to all U.S. Letter of Credit Issuers, as the context requires.