Common use of Claims under a Letter of Credit Clause in Contracts

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 8 contracts

Samples: Facility Agreement (TTM Technologies Inc), Agreement, Facility Agreement (TTM Technologies Inc)

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Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 5 contracts

Samples: Supplemental Agreement (Enodis PLC), Restatement Agreement (Mittal Steel Co N.V.), Facilities Agreement (Signet Jewelers LTD)

Claims under a Letter of Credit. (aA) Each The Borrower irrevocably and unconditionally authorises the each LC Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 4 contracts

Samples: Intercompany Loan Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim“Claim”).

Appears in 3 contracts

Samples: Letter of Credit Facility Agreement (Tower Group International, Ltd.), First Amendment Agreement (Aspen Insurance Holdings LTD), Multicurrency Letter of Credit Facility Agreement (Aspen Insurance Holdings LTD)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it (or requested by the Company on its behalf) and which appears on its face to be in order (in this Clause 7, a claim).

Appears in 3 contracts

Samples: Facilities Agreement (ShangPharma Corp), South Texas Supply Company, Inc., South Texas Supply Company, Inc.

Claims under a Letter of Credit. (a) Each The Company and each Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it (or requested by the Company on its behalf) and which appears on its face to be in order (a claim).

Appears in 3 contracts

Samples: Agreement (Amec PLC), Agreement (Amec PLC), Agreement (Amec PLC)

Claims under a Letter of Credit. (a) Each Borrower and Lender irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it that Borrower and which appears on its face to be in order (a claim).

Appears in 2 contracts

Samples: Agreement (Nordic Telephone CO ApS), Senior Facilities Agreement (Nordic Telephone CO ApS)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a "claim").

Appears in 2 contracts

Samples: Agreement (Paradigm Ltd.), Agreement (Enodis PLC)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises authorizes the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it (or by the Loan Parties’ Agent on its behalf) and which appears on its face to be in order (in this Section 2.45 and Sections 2.46 through Section 2.49, a claim).

Appears in 2 contracts

Samples: Credit Agreement (1295728 Alberta ULC), Intercreditor Agreement (1295728 Alberta ULC)

Claims under a Letter of Credit. (a) Each The Borrower irrevocably and unconditionally authorises each of the Issuing Bank Banks (through the Agent) to pay any claim made or purported to be made under a Letter of Credit requested by it the Borrower and which appears on its face to be in order (a claim).

Appears in 2 contracts

Samples: Facility Agreement (Platinum Underwriters Holdings LTD), Assignment Agreement (Platinum Underwriters Holdings LTD)

Claims under a Letter of Credit. (a) Each The Borrower irrevocably and unconditionally authorises the Issuing Bank to pay make payment under any claim Demand (as that term is defined in the relevant Letter of Credit) made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 2 contracts

Samples: Facility Agreement (Cascal B.V.), Agreement (Cascal B.V.)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the each Issuing Bank Lender to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a "claim").

Appears in 2 contracts

Samples: Agreement (SunOpta Inc.), Multipurpose Facilities Agreement (SunOpta Inc.)

Claims under a Letter of Credit. (a) Each The Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 1 contract

Samples: Agreement (Quintana Maritime LTD)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the Issuing relevant Fronting Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 1 contract

Samples: Agreement (Sequa Corp /De/)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises each Lender and the Issuing Bank Facility Agent to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim). Each Lender irrevocably and unconditionally authorises the Facility Agent to pay any claim.

Appears in 1 contract

Samples: Agreement (Converium Holding Ag)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the relevant Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a "claim").

Appears in 1 contract

Samples: Agreement (Solutia Inc)

Claims under a Letter of Credit. (a) Each Revolving Facility Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it (or requested by the Company on its behalf) and which appears on its face to be in order (in this Clause 7, a "claim").

Appears in 1 contract

Samples: Facilities Agreement (NDS Group PLC)

Claims under a Letter of Credit. (a) Each The Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (in this Clause 7, a claim).

Appears in 1 contract

Samples: Facilities Agreement (Melco Crown Entertainment LTD)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order and to satisfy the conditions of such Letter of Credit for a claim thereunder (a claim).

Appears in 1 contract

Samples: Facility Agreement (WABCO Holdings Inc.)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the relevant Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim"CLAIM").

Appears in 1 contract

Samples: Multicurrency Term and Revolving Facilities Agreement (Solutia Inc)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it (or requested by the Company on its behalf) and which appears on its face to be in order (in this Clause 7, a claim).

Appears in 1 contract

Samples: Agreement (Anheuser-Busch InBev S.A.)

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Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the relevant Issuing Bank (acting in good faith) to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 1 contract

Samples: Linde PLC

Claims under a Letter of Credit. (a) Each The Borrower irrevocably and unconditionally authorises the each Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a "claim").

Appears in 1 contract

Samples: Security Agreement (Pride International Inc)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it (or requested by the Company on its behalf) and which appears on its face to be in order (in this Clause 8, a claim).

Appears in 1 contract

Samples: Facilities Agreement (Manchester United Ltd.)

Claims under a Letter of Credit. (a) Each The U.S. Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 1 contract

Samples: Agreement (Royal Ahold)

Claims under a Letter of Credit. (a) Each Borrower and Lender irrevocably and unconditionally authorises the relevant Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it that Borrower (or requested by the Parent on its behalf) and which appears on its face to be in order (in this Clause 7.2, a claim).

Appears in 1 contract

Samples: Facilities Agreement (Atento S.A.)

Claims under a Letter of Credit. (a) Each The Borrower irrevocably and unconditionally authorises the Issuing Bank each Lender to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 1 contract

Samples: Facility Agreement (British Sky Broadcasting Group PLC)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the each Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and issued by that Issuing Bank and which appears on its face to be in order (a claimCLAIM).

Appears in 1 contract

Samples: Agreement (UTi WORLDWIDE INC)

Claims under a Letter of Credit. (ai) Each Borrower The Borrowers irrevocably and unconditionally authorises authorize the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim“Letter of Credit Claim”).

Appears in 1 contract

Samples: Credit Agreement (Petroleum Geo Services Asa)

Claims under a Letter of Credit. (ai) Each The Borrower irrevocably and unconditionally authorises the Issuing Bank each Lender to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 1 contract

Samples: Facility Agreement (British Sky Broadcasting Group PLC)

Claims under a Letter of Credit. (a) Each Borrower and each Revolving Facility Lender irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it that Borrower (or requested by the Obligors’ Agent on its behalf) and which appears on its face to be in order (in this Clause 7, a claim).

Appears in 1 contract

Samples: Senior Facilities Agreement (Fintrax US Acquisition Subsidiary, Inc.)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the each relevant Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order substantial compliance with the terms of the Letter of Credit (a claim).

Appears in 1 contract

Samples: Agreement (Aramark Corp/De)

Claims under a Letter of Credit. (a) Each The relevant Borrower irrevocably and unconditionally authorises the Issuing Bank each Lender to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim).

Appears in 1 contract

Samples: Facility Agreement (British Sky Broadcasting Group PLC)

Claims under a Letter of Credit. (a) Each Borrower irrevocably and unconditionally authorises the Issuing Bank to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears on its face to be in order (a claim"CLAIM").

Appears in 1 contract

Samples: Agreement (Enodis PLC)

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