Letters of Credit Issuer definition

Letters of Credit Issuer has the meaning provided in the Credit Agreement.
Sample 1Sample 2Sample 3
Letters of Credit Issuer means M&T as the issuer of the Standby L/Cs and the Surety L/C pursuant to the terms of this Agreement.
Sample 1

Examples of Letters of Credit Issuer in a sentence

  • Long-term debt as of June 30, 2013 and December 31, 2012 consists of the following (in thousands): Financing On August 18, 2011, the Company entered into an Amended and Restated Credit Agreement (the “2011 Credit Agreement”) with JPMorgan Chase Bank, N.A., as Administrative Agent, Swing Line Lender and Letters of Credit Issuer, and various other lenders who are parties to the 2011 Credit Agreement.

  • Whenever any Taxes are payable by the Borrower, as promptly as possible thereafter the Borrower shall send to the Agent, the Collateral Agent, the Lenders and the Letters of Credit Issuer affected thereby a certified copy of an original official receipt received by the Borrower showing payment thereof.

  • By: /s/ Xxxxxxxx Xxx Name: Xxxxxxxx Xxx Title: CEO of its Investment Manager CREDIT AGREEMENT SCHEDULE 1.01 Existing Letters of Credit Issuer: Capital One Beneficiary Letter of Credit No. Type Expiration Amount Zurich Am. Insurance 30003726 Workers’ Compensation November 12, 2015 $250,000 Liberty Property Ltd.

  • Existing Letters of Credit Issuer Beneficiary Amount Expiration Date Bank of America, N.A. American Xxxxxxxxx Mutual Association, Ltd.

  • Grading plan shall be updated to reflect erosion control features.

  • As adopted, this broadcast-only rule provides an initial remote identification framework and sets the foundation for future regulatory actions.

  • GUARANTORS: [ ] By: Name: Title: ADMINISTRATIVE AGENT: JPMORGAN CHASE BANK, N.A., as Administrative Agent By: Name: Title: Schedule 1.1(a) Closing Date Existing Issuing Banks and Closing Date Existing Letters of Credit Issuer Subsidiary Maturity Amount Xxxxx Fargo Bank, National Association AutoNation, Inc.

  • Nothing in this Section 11, expressed or implied, shall be construed to confer upon any Person (other than the Agent, the Collateral Agent, the Lenders and the Letters of Credit Issuer and their respective permitted successors and/or any Permitted Assignee) any legal or equitable right, remedy or claim under or by reason of this Section 11.

  • Xxxxxxx Xxxxxxxx Title: Senior Vice President [SYNOVUS BANK], as Lender By /s/ XXXXXXX XXXXXXX Name: Xxxxxxx Xxxxxxx Title: Corporate Banking SunTrust Bank, as Lender By /s/ XXXXXXX XXXXXXXXXXXXX Name: Xxxxxxx Xxxxxxxxxxxxx Title: Director SCHEDULE I COMMITMENT AMOUNTS AND APPLICABLE LENDING OFFICES ON FILE WITH THE ADMINISTRATIVE AGENT Schedule 2.03 Existing Letters of Credit Issuer Applicant Issue Date Letter of Credit Number Stated Amount Beneficiary JPMorgan Chase Rayonier Inc.

  • Schedule 2.21-A Transitional Letters of Credit Issuer LOC # Applicant Beneficiary Purpose Amount Effective / Renewal Date Expiration Date Evergreen Clause (Renewal) Notification Date JPMorgan SLT325840 Acuity Brands, Inc.

Related to Letters of Credit Issuer

  • Letter of Credit Issuer means such successor or such new issuer of Letters of Credit effective upon such appointment. At the time such resignation or replacement shall become effective, the Borrower shall pay to the resigning or replaced Letter of Credit Issuer all accrued and unpaid fees pursuant to Sections 4.1(c) and 4.1(d). The acceptance of any appointment as a Letter of Credit Issuer hereunder whether as a successor issuer or new issuer of Letters of Credit in accordance with this Agreement, shall be evidenced by an agreement entered into by such new or successor issuer of Letters of Credit, in a form satisfactory to the Borrower and the Administrative Agent and, from and after the effective date of such agreement, such new or successor issuer of Letters of Credit shall become a “Letter of Credit Issuer” hereunder. After the resignation or replacement of a Letter of Credit Issuer hereunder, the resigning or replaced Letter of Credit Issuer shall remain a party hereto and shall continue to have all the rights and obligations of a Letter of Credit Issuer under this Agreement and the other Credit Documents with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit. In connection with any resignation or replacement pursuant to this clause (a) (but, in case of any such resignation, only to the extent that a successor issuer of Letters of Credit shall have been appointed), either (i) the Borrower, the resigning or replaced Letter of Credit Issuer and the successor issuer of Letters of Credit shall arrange to have any outstanding Letters of Credit issued by the resigning or replaced Letter of Credit Issuer replaced with Letters of Credit issued by the successor issuer of Letters of Credit or (ii) the Borrower shall cause the successor issuer of Letters of Credit, if such successor issuer is reasonably satisfactory to the replaced or resigning Letter of Credit Issuer, to issue “back-stop” Letters of Credit naming the resigning or replaced Letter of Credit Issuer as beneficiary for each outstanding Letter of Credit issued by the resigning or replaced Letter of Credit Issuer, which new Letters of Credit shall be denominated in the same currency as, and shall have a face amount equal to, the Letters of Credit being back-stopped and the sole requirement for drawing on such new Letters of Credit shall be a drawing on the corresponding back-stopped Letters of Credit. After any resigning or replaced Letter of Credit Issuer’s resignation or replacement as Letter of Credit Issuer, the provisions of this Agreement relating to a Letter of Credit Issuer shall inure to its benefit as to any actions taken or omitted to be taken by it (A) while it was a Letter of Credit Issuer under this Agreement or (B) at any time with respect to Letters of Credit issued by such Letter of Credit Issuer.

  • Issuing Lenders means all such Persons, collectively.

  • Issuing Lender means, with respect to any Letter of Credit, the Lender which agrees or is otherwise obligated to issue such Letter of Credit, determined as provided in subsection 3.1B(ii).

  • LC Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Letters of Credit as defined in Section 3.1(a).

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Issuing Bank means JPMorgan Chase Bank, N.A., in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.06(i). The Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • LC Issuing Bank means each Lender identified as an “LC Issuing Bank” on Schedule II and any other Lender or Affiliate of a Lender that shall agree to issue a Letter of Credit pursuant to Section 2.04.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Issuing Lender Fees shall have the meaning set forth in Section 2.5(c).

  • Outstanding Letters of Credit shall have the meaning given such term in Section 2.02(j).

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

  • Existing Letters of Credit means each of the letters of credit issued under the Existing Credit Agreement outstanding on the Closing Date that are described on Schedule 1.01(b).

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

  • Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but on behalf of the Lenders hereunder.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • Issuing Banks shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Canadian Lenders means the financial institutions listed on the signature pages of the Canadian Credit Agreement and their respective successors and assigns.

  • Swingline Bank means JPMCB, in its capacity as lender of Swingline Advances hereunder.

  • Revolving Administrative Agent means the “Administrative Agent” as defined in the Revolving Credit Facility.

  • Swingline Lenders means each of JPMCB, Bank of America, N.A., MUFG Bank, Ltd., Citibank, N.A., U.S. Bank National Association and each other Lender designated by the Company as a “Swingline Lender” hereunder that has agreed to such designation (and is reasonably acceptable to the Administrative Agent), each in its capacity as a lender of Swingline Loans hereunder.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Letters of Credit Outstanding means, at any time, the sum of, without duplication, (a) the aggregate Stated Amount of all outstanding Letters of Credit and (b) the aggregate principal amount of all Unpaid Drawings in respect of all Letters of Credit.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.