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Issuing Bank
Issuing Bank contract clause examples

“Issuing Bank” shall mean # [[Administrative Agent:Organization]] in its capacity as the issuer of Letters of Credit pursuant to [Section 2.21] and # any other Lender to the extent it has agreed in its sole discretion to act as an “Issuing Bank” hereunder and that has been approved in writing by the Borrower and the Administrative Agent as an “Issuing Bank” hereunder, in each case in its capacity as issuer of any Letter of Credit. As used herein, “the Issuing Bank” shall mean the applicable Issuing Bank, any Issuing Bank or all Issuing Banks, as the context may require.

Issuing Bank” means [[Administrative Agent:Organization]] or any other Bank designated by the Company that may agree (pursuant to an instrument in form reasonably satisfactory to the Administrative Agent) to issue Letters of Credit hereunder, each in its capacity as an issuer of a Letter of Credit hereunder. References to “the Issuing Bank” in connection with any Letter of Credit are references to the particular Issuing Bank that issued or is requested to issue such Letter of Credit.

Issuing Banks” shall mean [[Administrative Agent:Organization]] in its capacity as the issuer of Letters of Credit pursuant to [Section 2.22] together with any other Lender as the Borrower may from time to time select as an Issuing Bank hereunder pursuant to [Section 2.22]; provided that such Lender has agreed to be an Issuing Bank.

Issuing Bank” means # [[Administrative Agent:Organization]], Citibank, N.A. and PNC Bank, National Association, each in its capacity as an issuer of Letters of Credit (including certain Existing Letters of Credit) hereunder, and # any other Lender which has agreed, in its sole discretion, to issue one or more Letters of Credit, and which Lender or affiliate is consented to by the Administrative Agent and (which consent shall not be unreasonably withheld or delayed) in such Lender’s capacity as an issuer of Letters of Credit hereunder, in each case, together with its successors in such capacity as provided in [Section 2.06(i)]; provided, that each Issuing Bank shall only be required to issue Letters of Credit in the Agreed Currencies then in effect as specified by such Issuing Bank at the time it becomes an Issuing Bank. All references contained in this Agreement and the other instruments, documents or agreements from time to time executed or delivered in connection herewith to “the Issuing Bank” shall be deemed to apply equally to each of the institutions referred to in the first sentence of this definition in their respective capacities as Issuing Banks of, and with respect to, any and all Letters of Credit issued by each such institution. Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by branches or Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall also include any such branch or Affiliate with respect to Letters of Credit issued by such branch or Affiliate.

Issuing Bank” means [[Administrative Agent:Organization]], in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in [Section 2.05(j)]. In the case of any Letter of Credit to be issued in an Agreed Foreign Currency, [[Administrative Agent:Organization]] may designate any of its affiliates as the “Issuing Bank” for purposes of such Letter of Credit.

Issuing Bank” means each of [[Administrative Agent:Organization]], [[Organization E:Organization]], [[Organization F:Organization]], [[Organization G:Organization]] and each other Lender designated by as an “Issuing Bank” hereunder that has agreed to such designation (and is reasonably acceptable to [[Administrative Agent:Organization]]), each in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.06(i). Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

“Issuing Bank” means # JPMCB in its separate capacity as an issuer of Letters of Credit pursuant to Section 3.1 or 3.2 hereunder with respect to each Letter of Credit issued or deemed issued by JPMCB upon a Borrower’s request and # any Lender (other than JPMCB) reasonably acceptable to the Administrative Agent, in such Lender’s separate capacity as an issuer of Letters of Credit pursuant to Section 3.1 with respect to any and all Letters of Credit issued by such Lender in its sole discretion upon a Borrower’s request; provided, that, unless the Administrative Agent shall otherwise consent, there shall not at any time be more than three (3) Lenders constituting Issuing Banks hereunder. All references contained in this Agreement and the other Loan Documents to the “Issuing Bank” shall be deemed to apply equally to each of the institutions referred to in clauses (i) and (ii) of this definition in their respective capacities as issuers of any and all Letters of Credit issued by each such institution.

Issuing Bank” means # [[Organization C:Organization]], Citibank, N.A. and PNC Bank, National Association, each in its capacity as an issuer of Letters of Credit (including certain Existing Letters of Credit) hereunder, and # any other Lender which has agreed, in its sole discretion, to issue one or more Letters of Credit, and which Lender or affiliate is consented to by [[Administrative Agent:Organization]] and (which consent shall not be unreasonably withheld or delayed) in such Lender’s capacity as an issuer of Letters of Credit hereunder, in each case, together with its successors in such capacity as provided in Section 2.06(i); provided, that each Issuing Bank shall only be required to issue Letters of Credit in the Agreed Currencies then in effect as specified by such Issuing Bank at the time it becomes an Issuing Bank. All references contained in this Agreement and the other instruments, documents or agreements from time to time executed or delivered in connection herewith to “the Issuing Bank” shall be deemed to apply equally to each of the institutions referred to in the first sentence of this definition in their respective capacities as Issuing Banks of, and with respect to, any and all Letters of Credit issued by each such institution. Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by branches or Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall also include any such branch or Affiliate with respect to Letters of Credit issued by such branch or Affiliate.

Issuing Bank” means # [[Administrative Agent:Organization]], # Bank of America, N.A., # BMO Harris Bank N.A. and # Truist Bank, each in its capacity as an issuer of Letters of Credit hereunder, and its successors in such capacity as provided in [Section 2.06(i)]. Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank (so long as the beneficiary of any such Letter of Credit has consented (such consent not to be unreasonably withheld or delayed) to such Letter of Credit being issued by such Affiliate), in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

Issuing Bank” means # JPMCB in its separate capacity as an issuer of Letters of Credit pursuant to Section 3.1 or 3.2 hereunder with respect to each Letter of Credit issued or deemed issued by JPMCB upon a Borrower’s request and # any Lender (other than JPMCB) reasonably acceptable to the Administrative Agent and which consents to acting as an Issuing Bank, in such Lender’s separate capacity as an issuer of Letters of Credit pursuant to Section 3.1 with respect to any and all Letters of Credit issued by such Lender in its sole discretion upon a Borrower’s request; provided, that, unless the Administrative Agent shall otherwise consent, there shall not at any time be more than three (3) Lenders constituting Issuing Banks hereunder. All references contained in this Agreement and the other Loan Documents to the “Issuing Bank” shall be deemed to apply equally to each of the institutions referred to in clauses (i) and (ii) of this definition in their respective capacities as issuers of any and all Letters of Credit issued by each such institution.

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