Common use of Account Party Clause in Contracts

Account Party. The Borrower hereby authorizes and directs any Issuing Lender to name the Borrower as the "Account Party" therein and to deliver to the Collateral Agent all instruments, documents and other writings and property received by such Issuing Lender pursuant to the Letter of Credit, and to accept and rely upon the Collateral Agent's instructions and agreements with respect to all matters arising in connection with the Letter of Credit or the Application therefor.

Appears in 1 contract

Samples: Credit Agreement (Parker Drilling Co /De/)

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Account Party. The Borrower hereby authorizes and directs any Issuing Lender to name the Borrower as the "Account Party" therein and to deliver to the Collateral Administrative Agent all instruments, documents and other writings and property received by such Issuing Lender pursuant to the Letter of Credit, and to accept and rely upon the Collateral Administrative Agent's instructions and agreements with respect to all matters arising in connection with the Letter of Credit or the Application therefor.

Appears in 1 contract

Samples: Credit Agreement (Parker Drilling Co /De/)

Account Party. The Borrower hereby authorizes and directs any Issuing Lender to name the Borrower as the "Account Party" therein and to deliver to the Collateral Administrative Agent all instruments, documents and other writings and property received by such Issuing Lender pursuant to the Letter of Credit, and to accept and rely upon the Collateral Administrative Agent's ’s instructions and agreements with respect to all matters arising in connection with the Letter of Credit or the Application therefor.

Appears in 1 contract

Samples: Credit Agreement (Parker Drilling Co /De/)

Account Party. The Each Borrower hereby authorizes and directs any ------------- the Issuing Lender to name the applicable Borrower as the "Account Party" therein and and, upon Agent's request, to deliver to the Collateral Agent all instruments, documents and other writings and property received by such the Issuing Lender pursuant to the Letter of Credit, and to accept and rely upon the Collateral Agent's instructions and agreements with respect to all matters arising in connection with the Letter of Credit or the Application application therefor.

Appears in 1 contract

Samples: Loan Agreement (Intertan Inc)

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Account Party. The Each Borrower hereby authorizes and directs any the ------------- Issuing Lender or any other issuer of a Letter of Credit to name the applicable Borrower as the "Account Party" therein and and, upon its applicable Lender's request, to deliver to the Collateral Agent its applicable Lender all instruments, documents and other writings and property received by such the Issuing Lender or any other issuer of a Letter of Credit pursuant to the Letter of Credit, and to accept and rely upon the Collateral Agentits applicable Lender's instructions and agreements with respect to all matters arising in connection with the Letter of Credit or the Application application therefor.

Appears in 1 contract

Samples: Loan Agreement (Grand Toys International Inc)

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