Common use of Drawings and Payments and Reimbursement of Amounts Drawn or Paid Under Letters of Credit Clause in Contracts

Drawings and Payments and Reimbursement of Amounts Drawn or Paid Under Letters of Credit. A. Responsibility of Issuing Bank With Respect to Requests for Drawings and Payments. In determining whether to honor any drawing or request for payment under any Letter of Credit by the beneficiary thereof, the applicable Issuing Bank 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.