Issuing Person definition

Issuing Person means the Lender under Facility C so long as, in respect of a Letter of Credit issued or to be issued under this Agreement, the "Issuing Person" shall be the Issuing Person which has issued or has been requested to issue that Letter of Credit.
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Issuing Person means any Person that issues securities or pays other consideration deliverable in any consolidation, merger, exchange or acquisition of assets which constitutes an Adjustment Event.
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Issuing Person has the meaning provided in Section 6.2.
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Examples of Issuing Person in a sentence

  • The Issuing Person may assume that those conditions have been met unless it is expressly notified to the contrary by the Agent.

  • The Issuing Person may cancel a Letter of Credit at any time by paying to the beneficiary of the relevant Letter of Credit the outstanding amount of the Letter of Credit or any lesser amount specified by the beneficiary.

  • The Borrower may request a Letter of Credit to be issued by delivery to the Issuing Person of a duly completed Utilisation Request not later than the Specified Time.

  • If the Borrower does not pay this amount to the Issuing Person on the date on which the Issuing Person pays the claim, interest shall accrue on the amount from that date up to the actual date of payment in accordance with Clause 11.3 (Default interest).

  • The Issuing Person shall, upon request, provide to the Agent details of all Letters of Credit issued under this Agreement including details of the initial face value of each Letter of Credit, the Term, the Expiry Date and the beneficiary under that Letter of Credit.

  • If the Agent receives such notification from a Lender or Issuing Person it shall notify the Borrower and that Obligor.

  • The Issuing Person will have no liability to any person for issuing a Letter of Credit based on such assumption.

  • If the amount of any Letter of Credit is wholly or partially reduced or it is repaid or prepaid or it expires before its Expiry Date, the Issuing Person and the Borrower shall promptly notify the Agent of the details upon becoming aware of them.


More Definitions of Issuing Person

Issuing Person means a supervision employee of the CONTRACTING AUTHORITY, coordinator of the Optima programme applicable at the CONTRACTING AUTHORITY’s, or an employee of the Occupational Health and Safety of GBH PCC ▇▇▇▇▇▇ ▇.▇., which, in case of determining certain behaviours of the Contractor’s Employees and/or the person performing work for the Contractor on basis other than an employment contract, and/or the Subcontractor’s employee and/or a person performing work for the Subcontractor on basis other than an employment contract, shall be authorized to issue a relevant card.
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