Continuation of Liability. Regardless of the expiry date of any Letter of Credit, the Applicant shall remain liable hereunder until the Bank is released from liability by every Person that is entitled to draw or demand payment under each Letter of Credit issued pursuant hereto.
Appears in 6 contracts
Samples: Credit Agreement (Nashua Corp), Loan and Security Agreement (ModusLink Global Solutions Inc), Revolving Credit Agreement (Winmark Corp)
Continuation of Liability. Regardless of the expiry date of any Letter of Credit, the Applicant shall remain liable hereunder until the Bank is released from liability by every Person person that is entitled to draw or demand payment under each Letter of Credit issued pursuant hereto.
Appears in 1 contract
Continuation of Liability. Regardless of the expiry date of any a Letter of Credit, the Applicant shall remain liable hereunder until the Bank is released from liability by every Person that is entitled to draw or demand payment under each Letter of Credit issued pursuant hereto.
Appears in 1 contract
Samples: Letter of Credit and Reimbursement Agreement (Illinois Power Generating Co)
