Definition of PPA Issuing Lender

  1. PPA Issuing Lender means The Royal Bank of Scotland plc and any other Lender designated as a PPA Issuing Lender pursuant to Section 2.03(k), in each case in its capacity as an issuer of PPA Letters of Credit hereunder, and its successors in such capacity which in each case shall be an Acceptable Bank.

Examples of PPA Issuing Lender in a sentence

  1. In the case of an extension of a PPA Letter of Credit, to the extent that the applicable PPA Issuing Lender does not respond to any such request for extension from the Borrower within 30 days, the extension of the applicable Letter of Credit Expiry Date relating to such PPA Letter of Credit shall be deemed to have been accepted by such PPA Issuing Lender.

Definition of PPA Issuing Lender in Amended and Restated Credit Agreement

PPA Issuing Lender means The Royal Bank of Scotland plc and any other Lender designated as a PPA Issuing Lender pursuant to Section 2.03(k), in each case in its capacity as an issuer of PPA Letters of Credit hereunder, and its successors in such capacity which in each case shall be an Acceptable Bank.