Letter of Credit Issuing Bank definition

Letter of Credit Issuing Bank means (i) HSBC with respect to all Letters of Credit other than the Existing Letters of Credit and (ii) Chase with respect to all Existing Letters of Credit.
Sample 1Sample 2Sample 3
Letter of Credit Issuing Bank means HSBC with respect to all Letters of Credit.
Sample 1Sample 2Sample 3
Letter of Credit Issuing Bank means Chase.
Sample 1Sample 2Sample 3

Examples of Letter of Credit Issuing Bank in a sentence

  • Upon the issuance of any Letter of Credit or amendment or modification to a Letter of Credit, Issuing Bank shall promptly notify each Lender with a Revolving Commitment of such issuance, which notice shall be accompanied by a copy of such Letter of Credit or amendment or modification to a Letter of Credit and the amount of such Lender’s respective participation in such Letter of Credit pursuant to Section 2.4(e).

  • Upon the issuance of any Letter of Credit or amendment or modification to a Letter of Credit, Issuing Bank shall promptly notify each Lender of such issuance, which notice shall be accompanied by a copy of such Letter of Credit or amendment or modification to a Letter of Credit and the amount of such Lender’s respective participation in such Letter of Credit pursuant to Section 2.4(e).

  • Any Steamship Guaranty which the Letter of Credit Issuing Bank may issue from time to time at its sole discretion will be deemed Letter of Credit Obligations.

  • Agent and Letter of Credit Issuing Bank may, at its option, use any means of verifying any Instruction received by it.

  • Letter of Credit Issuing Bank may accept or pay any Instrument presented to it on or before the expiration date of the applicable Letter of Credit.

  • No amendment, change, waiver, or modification to which Letter of Credit Issuing Bank has consented shall be deemed to mean that Letter of Credit Issuing Bank will consent or has consented to any other or subsequent request to amend, change, modify or waive a term of such Letter of Credit.

  • Letter of Credit Issuing Bank (in its capacity as seller of a Participation pursuant to this Article IV) shall owe each Participating Bank (in its capacity as purchaser of a Participation pursuant to this Article IV) no duty except as specifically set forth in this Article IV.

  • My concern is that I think there may be too many people out there who have no le- gal representation, who are trying to bring the motions on their own, and are not able to get their petitions reviewed.

  • The Uniform Customs and Practice and the International Standby Practices shall be binding on each Letter of Credit Account Party and Letter of Credit Issuing Bank, except to the extent it is otherwise expressly agreed.

  • Letter of Credit Issuing Bank will administer each Letter of Credit in the ordinary course of business and in accordance with its usual practices, modified from time to time as it deems appropriate under the circumstances.


More Definitions of Letter of Credit Issuing Bank

Letter of Credit Issuing Bank means The Toronto-Dominion Bank, in its capacity as the Letter of Credit Issuing Bank, or any other Lender acting as the Letter of Credit Issuing Bank in accordance with Section 2.12.
Sample 1
Letter of Credit Issuing Bank means the Agent.
Sample 1
Letter of Credit Issuing Bank means the DSR Letter of Credit Issuing Bank and/or the PPA Letter of Credit Issuing Bank.
Sample 1
Letter of Credit Issuing Bank means, with respect to each Letter of Credit, each of MUFG, Macquarie Bank Limited and such other Lenders mutually acceptable to the Borrower and the Administrative Agent and appointed as such hereunder, in each case as an issuer of one or more Letters of Credit hereunder, together with their respective successors and assigns in such capacity.
Sample 1

Related to Letter of Credit Issuing Bank

  • Issuing Lender means, with respect to any Letter of Credit, the Lender which agrees or is otherwise obligated to issue such Letter of Credit, determined as provided in subsection 3.1B(ii).

  • 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 2.06(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.

  • Issuing Banks shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Revolving Lender each Lender that has a Revolving Commitment or that holds Revolving Loans.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Issuing Bank Agreement has the meaning assigned to such term in Section 2.05(i).

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.