Reimbursing Bank definition

Reimbursing Bank as defined in subsection 2.13(a).

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Reimbursing Bank means the bank designated by the Issuing Bank from which an authorised bank that has made payment under the Credit may obtain reimbursement.

Reimbursing Bank means the bank instructed or authorized to provide reimbursement pursuant to a reimbursement authorization issued by the issuing bank.

Examples of Reimbursing Bank in a sentence

• A certificate of the Agent submitted to any Reimbursing Bank with respect to any amounts owing under this subsection shall be conclusive in the absence of manifest error.

• Reimbursing Bank – a banking institution which, on the basis of request of the Nominated Bank and the permission of the bank-emitter (if such is necessary), reimburses the Stand-by Letter of Credit Amount to the Nominated Bank.

• Reimbursing Bank – a banking institution which, on the basis of request of the Nominated Bank and the permission of the bank-emitter (if such is necessary), reimburses to the Nominated Bank the Letter of Credit Amount.

• If a Reimbursing Bank's Commitment Percentage of such borrowing is not in fact made available to the Agent by such Reimbursing Bank within one (1) Business Day of such Borrowing Date, the Agent shall be entitled to recover such amount, with interest thereon at the rate per annum applicable to Alternate Base Rate Loans hereunder, on demand, from such Reimbursing Bank or the Borrower in such order and manner as Agent may determine in its discretion.

• Reimbursing Bank – a banking institution which, on the basis of request of the Nominated Bank and the permission of the Issuing Bank (if such is necessary), reimburses the Letter of Credit Amount to the Nominated Bank.

• If a Reimbursing Bank's Commitment Percentage of such borrowing is not in fact made available to the Agent by such Reimbursing Bank within three (3) Business Days of such Borrowing Date, the Agent shall be entitled to recover such amount, with interest thereon at the rate per annum applicable to Alternate Base Rate Loans hereunder, on demand, from such Reimbursing Bank or the Borrower in such order and manner as Agent may determine in its discretion.

• The Company agrees that in the event any Bank (herein referred to as the "Reimbursing Bank") is called upon to pay to National City Commercial Finance, Inc.

• If a Reimbursing Bank's Commitment Percentage of such borrowing is not in fact made available to the Agent by such Reimbursing Bank within three Business Days of such Borrowing Date, the Agent shall be entitled to recover such amount, with interest thereon at the rate per annum applicable to Working Capital Loans hereunder, on demand, from such Reimbursing Bank or the Company in such order and manner as Agent may determine in its discretion.

More Definitions of Reimbursing Bank

Reimbursing Bank means the bank with which the Issuing Bank maintains an account and which is authorised by the Issuing Bank to charge that account to pay claims received from the Negotiating bank for documents that have been Presented.

Reimbursing Bank as defined in subsection 2.11(a). ----------------