Letter of Credit Agent definition

Letter of Credit Agent means GE Capital, in its capacity as agent for the Letter of Credit Providers under the Letter of Credit Agreement.

Letter of Credit Agent means the party or parties from time to time acting as “Letter of Credit Agent” under the Letter of Credit Reimbursement Agreement.

Letter of Credit Agent means ING Bank N.V. located at 00 Xxxxxx Xxxx, Xxxxxx XX0X 0XX, as Letter of Credit Agent for the Lenders, together with any replacement Letter of Credit Agent arising under Article X.

Examples of Letter of Credit Agent in a sentence

• Each Lender and Borrower agree that, in paying any drawing under a Letter of Credit, Agent shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.

• In the event Agent elects not to debit Borrower’s account and Borrower fails to reimburse the L/C Issuer in full on the date of any payment in respect of a Letter of Credit, Agent shall promptly notify each Revolving Lender of the amount of such unreimbursed payment and the accrued interest thereon and each Revolving Lender, on the next Business Day prior to 3:00 p.m. (New York time), shall deliver to Agent an amount equal to its Pro Rata Share thereof in same day funds.

• As of the Business Day immediately preceding the requested issuance date of the Letter of Credit, Agent shall determine the amount of the applicable Unused Letter of Credit Subfacility and Availability.

• Concurrently with the giving of any such instructions to the Depositary, the Administrative Agent shall give notice thereof to BAFC, the Servicer, the Collateral Agent, the Letter of Credit Agent, each Placement Agent and the Series 2000-1 Rating Agencies, but failure to do so shall not impair the effect of such instructions.

• The Letter of Credit Agent and the Letter of Credit Banks shall have executed the Letter of Credit and delivered it to the Administrative Agent; the Letter of Credit shall be in full force and effect.

More Definitions of Letter of Credit Agent

Letter of Credit Agent has the meaning specified in the recital of ---------------------- parties to this Agreement.

Letter of Credit Agent means ING Bank N.V., London Branch located at 8-10 Moorgate, London EC2R 6DA, as Letter of Credit Agent for the Lenders, together with any replacement Letter of Credit Agent arising under Section 11.

Letter of Credit Agent means ING Bank N.V., London Branch located at 60 London Wall, London EC2M 5TQ, as Letter of Credit Agent for the Lenders, together with any replacement Letter of Credit Agent arising under S ection 11.

Letter of Credit Agent. GE Capital, in its capacity as agent for the Letter of Credit Providers under the Letter of Credit Agreement. Letter of Credit Agreement: That certain Third Amended and Restated Letter of Credit Reimbursement Agreement dated as of March 7, 2000, among Redwood, the Letter of Credit Agent, the Letter of Credit Providers and the Collateral Agent Letter of Credit Providers: Initially, GE Capital, in its capacity as issuer of the Letter of Credit under the Letter of Credit Agreement, and thereafter its successors and permitted assigns in such capacity.

Letter of Credit Agent means FNBC in its capacity as agent for the Letter of Credit Banks pursuant to the Letter of Credit and related documents.

Letter of Credit Agent means The First National Bank of Chicago, in its capacity as agent for the Letter of Credit Banks pursuant to Article VII, and not in its individual capacity as a Letter of Credit Bank, and any successor agent appointed pursuant to Article VII.

Letter of Credit Agent means The First National Bank of Boston, and any successor letter of credit agent under this Agreement.