Examples of Bank Agent in a sentence
The Bank Agent shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Authority resulting from each drawing under the Letter of Credit and from each Advance made from time to time hereunder and the amounts of principal and interest payable and paid from time to time hereunder.
On any date which is not more than one year prior to the Stated Termination Date, the Authority and the City may request in writing that the Bank extend the Stated Termination Date for an additional term of one or more years by delivery to the Bank Agent of a Request for Extension.
The City and the Authority will execute, acknowledge where appropriate, and deliver from time to time promptly at the request of the Bank or the Bank Agent all such instruments and documents as in the opinion of the Bank or the Bank Agent, as applicable, are reasonably necessary or desirable to carry out the intent and purposes of this Agreement.
Upon thirty (30) days’ written notice to the Bank Agent, the Authority may terminate the Letter of Credit prior to the Stated Termination Date upon acceptance by the Issuing and Paying Agent of an Alternate Credit Facility in substitution for the Letter of Credit, subject to the terms and conditions of the Trust Agreement and upon payment to the Bank of all Reimbursement Obligations including, without limitation, any Advance, at or prior to the time of; as applicable, such termination.
The Authority and the City shall provide the Bank Agent with prior written notice of the replacement of any other entity that is a party to a Related Document.