Direction to pay under Sample Clauses

Direction to pay under. LCs The Borrower irrevocably directs the Issuer to make such payments and comply with such demands or claims made on the Issuer in respect of or purporting to be in respect of an LC as the Issuer in its absolute discretion thinks fit without any reference to or further authority or direction from the Borrower, or any necessity to obtain the Borrower's confirmation or verification, and notwithstanding that the Borrower may have disputed the Issuer's liability to pay or comply or that all or any part of the Issuer's obligations under the LC may not legally exist or be legally binding on the Issuer. The Borrower agrees that the Issuer may treat the Issuer's obligations under an LC as payable on first demand and that any such payment or compliance or purported compliance by the Issuer shall as between the Issuer and the Borrower be conclusive evidence that the Issuer was liable to make the payment or comply with the demand or claim.