Example ContractsClausesIssuing Bank
Issuing Bank
Issuing Bank contract clause examples

Issuing Office”: in respect of each Issuing Bank, the Issuing Office set forth for such Issuing Bank in [Schedule III] or such other office or offices as a Bank may from time to time notify the Company and the Administrative Agent, which office may include any Affiliate of such Bank or any domestic or foreign branch of such Bank or such Affiliate.

Issuing Bank” means, as the context may require, # each of [[Administrative Agent:Organization]], Royal Bank of Canada, Bank of Montreal, KeyBank National Association, JPMorgan Chase Bank, N.A., Bank of America, N.A. and Morgan Stanley Senior Funding, Inc. and # any other Revolving Lender that is appointed as an Issuing Bank in accordance with [Section 2.05(i)] hereof. Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by any Affiliate 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”: in respect of any Currency, each Bank listed as an Issuing Bank in [Schedule III] in respect of such Currency.

Subject to the appointment and acceptance of a successor Issuing Bank, an Issuing Bank may resign as an Issuing Bank at any time upon thirty days’ prior written notice to the Administrative Agent, the Company and the Lenders, in which case, such Issuing Bank shall be replaced in accordance with [Section 3.13(A)] above.

Application”: any application, in such form as an Issuing Bank may specify from time to time, requesting the Issuing Bank to open a Letter of Credit and any other agreement entered into by the Issuing Bank and or in favor of the Issuing Bank relating to the issuance of such Letter of Credit.

Issuing Bank” means SMBC (and any other person that becomes an Issuing Bank by assignment pursuant to Section 8.04), in its capacity as the issuer of Letters of Credit hereunder. In the case of any Letter of Credit to be issued in an Agreed Foreign Currency, the Issuing Bank may designate any of its affiliates as the “Issuing Bank” for purposes of such Letter of Credit.

The Borrower may, at any time and from time to time, modify the Issuing Bank Commitment of any Issuing Bank as provided in the definition of Issuing Bank Commitment; provided that the Borrower shall not reduce or increase the Letter of Credit Commitment of any Issuing Bank if, after giving effect of such reduction, the conditions set forth in this Section 3.3 shall not be satisfied.

any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the Issuing Bank from issuing the Letter of Credit, or any Law applicable to the Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing Bank shall prohibit, or request that the Issuing Bank refrain from, the issuance of letters of credit

Letter of Credit” means # each Existing Letter of Credit and # each letter of credit that # is issued by the Issuing Bank pursuant to this Agreement for the account of a Borrower, # constitutes a Standby Letter of Credit or Commercial Letter of Credit (and for which the Issuing Bank is not otherwise prohibited from issuing such letter of credit due to the internal general policies of the Issuing Bank), and # is in form reasonably satisfactory to the Issuing Bank.

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