Letter of Credit Bank definition

Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).
Letter of Credit Bank means any Person having the Required Rating that has provided a Yield Supplement Letter of Credit in accordance with Section 5.1.
Letter of Credit Bank means the Bank, as issuer of the Letter of Credit, and its lawful successors and assigns, and to the extent applicable, the issuer of any Substitute Letter of Credit.

Examples of Letter of Credit Bank in a sentence

  • The Servicer shall direct the Trustee to submit the drawing documents to the Letter of Credit Bank in the form required by the Letter of Credit, and the Trustee shall submit such drawing documents to the Letter of Credit Bank no later 5:00 P.M. New York City time on the first Business Day after the Trustee receives such direction.


More Definitions of Letter of Credit Bank

Letter of Credit Bank means any Person which has provided a Servicer Letter of Credit in accordance with Section 15.01.
Letter of Credit Bank means each financial institution in its capacity as a “Letter of Credit Bank” under the Letter of Credit Reimbursement Agreement, together with any successors and permitted assigns.
Letter of Credit Bank means the issuer thereof and its successors and assigns.
Letter of Credit Bank. Any bank holding company, commercial bank or trust company issuing a Letter of Credit to the Trustee.
Letter of Credit Bank. CoBank, ACB.
Letter of Credit Bank means The Huntington National Bank, a national --------------------- banking association organized and existing under the laws of the United States of America, with its principal office in Columbus, Ohio, and its successors and assigns. Upon issuance and effectiveness of any Alternate Letter of Credit, "Letter of Credit Bank" shall mean the issuer thereof and its successors and assigns.
Letter of Credit Bank means ▇▇▇▇▇ Fargo, in its separate capacity as issuer of the Letters of credit for the account of the Borrower pursuant to Section 2.7.