LC Issuers Sample Clauses

The 'LC Issuers' clause defines the parties responsible for issuing Letters of Credit (LCs) under an agreement. It typically specifies which banks or financial institutions are authorized to act as LC issuers, outlines their obligations, and may set requirements such as creditworthiness or approval by the other contracting party. This clause ensures that all parties are clear on who can issue LCs, thereby reducing the risk of disputes and ensuring that the financial instruments used in the transaction are reliable and acceptable to all involved.
LC Issuers. For purposes of this Section 3.5, the term “Lender” includes any LC Issuer.
View SourceView Similar (11)
LC Issuers. BANK OF AMERICA, N.
View Source

Related to LC Issuers

  • Issuing Banks For purposes of this Section, the term “Lender” includes each Issuing Bank and the term “Applicable Law” includes FATCA.

  • Issuing Bank For purposes of Section 2.17(e) and (f), the term “Lender” includes the Issuing Bank.

  • LENDERS KeyBank, the other lending institutions which are party hereto and any other Person which becomes an assignee of any rights of a Lender pursuant to §18 (but not including any participant as described in §18). The Issuing Lender shall be a Lender, as applicable. The Swing Loan Lender shall be a Lender.

  • Issuing Lender For purposes of this Section 5.9, the term “Lender” includes the Issuing Lender and the term “applicable Law” includes FATCA.

  • Issuing Lender Fees In addition to the Letter of Credit Fees payable pursuant to subsection (b) hereof, the Borrower shall pay to the Issuing Lender for its own account without sharing by the other Lenders the reasonable and customary charges from time to time of the Issuing Lender with respect to the amendment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").