Examples of Underlying Issuer in a sentence
If any Lender, the L/C Issuer or the Underlying Issuer incurs any Mandatory Costs attributable to the Obligations, then, promptly following notice thereof to the Borrower, the Borrower will pay to such Lender, the L/C Issuer or the Underlying Issuer, as the case may be, such Mandatory Costs.
Anything herein to the contrary notwithstanding, none of the titles listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender, the L/C Issuer or the Underlying Issuer hereunder.
The Borrower shall pay such Lender, the L/C Issuer or the Underlying Issuer, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.
Any notice given by the L/C Issuer, the Underlying Issuer or the Administrative Agent pursuant to this Section 2.03(f) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.
The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender, the L/C Issuer or the Underlying Issuer in connection with any such designation or assignment.