Common use of Determinations to Honor Drawing Requests Clause in Contracts

Determinations to Honor Drawing Requests. Subject to Section 10.8, in determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, the Agent shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit.

Appears in 4 contracts

Samples: Credit Agreement (Super Test Petroleum Inc), Credit Agreement (Kwik Fil Inc), Credit Agreement (Independent Gasoline & Oil Co of Rochester)

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Determinations to Honor Drawing Requests. Subject to Section 10.8, in In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, the Agent shall be responsible only to determine that the PRN1 883012 36 documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

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