Underlying Issuer definition

Underlying Issuer means a third Person which is the beneficiary of an L/C Undertaking and which has issued a letter of credit at the request of the Issuing Lender for the benefit of Borrowers.
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Underlying Issuer means ▇▇▇▇▇ Fargo or one of its Affiliates.
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Underlying Issuer means a third Person which is the beneficiary of an L/C Undertaking and which has issued a letter of credit at the request of Lender for the benefit of Borrower.
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Examples of Underlying Issuer in a sentence

  • Each Letter of Credit shall be in form and substance reasonably acceptable to Issuing Lender and Underlying Issuer, including the requirement that the amounts payable thereunder must be payable in Canadian Dollars, US Dollars, British Pounds or Euros.

  • Each Issuing Lender and Underlying Issuer shall be deemed to have acted with due diligence and reasonable care if such Person’s conduct is in accordance with Standard Letter of Credit Practice or in accordance with this Agreement.

  • By submitting a request to Issuing Lender for the issuance of a Letter of Credit, Administrative Borrower shall be deemed to have requested that (x) Issuing Lender issue the requested Letter of Credit or (y) in the case in which WF Canada is the Issuing Lender, an Underlying Issuer issue the requested Letter of Credit (and, in such case, to have requested WF Canada to issue a Reimbursement Undertaking with respect to such requested Letter of Credit).

  • If Issuing Lender is WF Canada, it may, at its option, elect to cause an Underlying Issuer to issue a requested Letter of Credit.


More Definitions of Underlying Issuer

Underlying Issuer. Each issuer of Underlying Notes.
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Underlying Issuer means the 2021-A Issuer, the 2021-B Issuer, the 2021-C Issuer or the 2022-A Issuer, as applicable.
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Underlying Issuer means in respect of each Series, the Underlying Issuer as specified in the Final Terms for that Series.
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Underlying Issuer means the entity that is the issuer of the Underlying Share specified in the applicable Final Terms; and
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Underlying Issuer a financial institution designated by ▇▇▇▇▇ Fargo to issue Underlying Letters of Credit from time to time which financial institution shall be a Schedule I chartered bank under the Bank Act (Canada).
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Underlying Issuer. Means [____________________].
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Underlying Issuer means a US Underlying Issuer and/or Canadian Underlying Issuer, as the context requires.
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