Role of Issuing Bank. The Issuing Bank shall act on behalf of the Banks with respect to any Letters of Credit Issued by it and the documents associated therewith until such time and except for so long as the Facility Agent may agree at the request of the Majority Banks to act for such Issuing Bank with respect thereto.
Appears in 4 contracts
Sources: Facilities Agreement (Texas Utilities Electric Co), Facilities Agreement (Texas Utilities Electric Co), Facilities Agreement (Txu Europe LTD)