US Letter of Credit Issuer definition

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

• 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 US Letter of Credit Issuer shall resign as US Letter of Credit Issuer under this Agreement, then the Borrower shall appoint from among the Lenders with US Revolving Credit Commitments a successor issuer of US Letters of Credit, whereupon such successor issuer shall succeed to the rights, powers and duties of the US Letter of Credit Issuer, and the term “US Letter of Credit Issuer” shall mean 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).

• Any reference to a “Letter of Credit Issuer” shall refer to a U.S. Letter of Credit Issuer with respect to the U.S. Revolving Facility and a Canadian Letter of Credit Issuer with respect to the Canadian Revolving Facility, as applicable.

• 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 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 (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.

US Letter of Credit Issuer means Bank of America, 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 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 PNC Bank, N.A., any affiliate of PNC Bank, N.A. or any other financial institution that issues any U.S. Letter of Credit pursuant to this Agreement.

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.

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 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.