Issuing Documents definition

Issuing Documents means with respect to any Letter of Credit, the Letter of Credit Application and any other document, agreement and instrument entered into by the Issuing Bank and the Borrower (or any Subsidiary) or in favor of the Issuing Bank and relating to any such Letter of Credit.
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Issuing Documents means with respect to any Letter of Credit, the Letter of Credit Application and any other document, agreement and instrument entered into by the Issuing Bank and the Borrower (or any Subsidiary) or in favor of the Issuing Bank and relating to any such Letter of Credit. Laws means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of Law.
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Examples of Issuing Documents in a sentence

  • Said pledge of the Revenues is on a parity with the lien on and security interest in the Revenues of the Parity Obligations pursuant to the Issuing Documents for such Parity Obligations.

  • In the event of any conflict between the terms hereof and the terms of any Issuer Document (including any Issuing Documents relating to the Existing Letters of Credit), the terms hereof shall control.

  • If the proceeds received by reason of any such loss shall exceed the costs of such repair, reconstruction or replacement, the excess shall be applied to the redemption or prepayment of the Senior Debt on a pro rata basis in the manner provided in the Senior Debt Issuing Documents and then to pay the Payment Obligations and the other Subordinate Debt on a pro rata basis in the manner provided herein and in the Subordinate Debt Issuing Documents.

  • With respect to the Non-Debt Service Obligations, said pledge of the Revenues is on a subordinate basis with the lien on and security interest in the Revenues granted to the Parity Obligations pursuant to the Issuing Documents.

  • Payments required to replenish debt service reserve funds, if any, established for any Senior Debt shall be made in accordance with the terms of the Senior Debt Issuing Documents, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.

  • Payments of the Payment Obligations and principal of and interest on Subordinate Debt and all other payments with respect to the Payment Obligations or the Subordinate Debt shall be paid in accordance with the terms hereof and the Subordinate Debt Issuing Documents, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.

  • Although all Subordinate Debt are secured equally and ratably by a subordinate lien on applicable Net Revenues, moneys with respect to obligations other than the Payment Obligations may be held by trustees or fiscal agents under Net Revenue Debt Issuing Documents.

  • Payments required to replenish debt service reserve funds, if any, established for any Subordinate Debt shall be made in accordance with the terms of the Subordinate Debt Issuing Documents, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.

  • In order to carry out and effectuate the pledge and lien contained in the Net Revenue Debt Issuing Documents, the Agency agrees and covenants to pay all Operation and Maintenance Costs of the Wastewater System (including amounts reasonably required to be set aside in contingency reserves for Operation and Maintenance Costs of the Wastewater System, the payment of which is not then immediately required) from the General Fund as they become due and payable.

  • Payments of principal of and interest on Senior Debt and all other payments with respect to Senior Debt shall be paid in accordance with the terms of the Senior Debt Issuing Documents, without preference or priority, and in the event of any insufficiency of such moneys, ratably without any discrimination or preference.