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

Drawings and Reimbursement of Amounts Drawn Under Letters of Credit. A. RESPONSIBILITY OF ISSUING LENDER WITH RESPECT TO DRAWINGS. In determining whether to honor any drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall be responsible only to examine the documents delivered under such Letter of Credit with reasonable care so as to ascertain whether they appear on their face to be in substantial compliance with the terms and conditions of such Letter of Credit.

Drawings and Reimbursement of Amounts Drawn Under Letters of Credit. A. RESPONSIBILITY OF ISSUING LENDER WITH RESPECT TO DRAWINGS. In determining whether to honor any drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall be responsible only to examine exercise reasonable care to determine that the documents required to be delivered under such Letter of Credit with reasonable care so as to ascertain whether have been delivered and that they appear substantially comply on their face to be in substantial compliance with the terms and conditions requirements of such Letter of Credit.

Drawings and Reimbursement of Amounts Drawn Under Letters of Credit. A. RESPONSIBILITY OF ISSUING LENDER WITH RESPECT TO REQUESTS FOR DRAWINGS. In determining whether to honor any drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall be responsible only to examine determine that the documents and certificates required to be delivered under such Letter of Credit with reasonable care so as to ascertain whether have been delivered and that they appear substantially comply on their face to be in substantial compliance with the terms and conditions requirements of such Letter of Credit.

Drawings and Reimbursement of Amounts Drawn Under Letters of Credit. A. RESPONSIBILITY OF ISSUING LENDER WITH RESPECT TO REQUESTS FOR DRAWINGS. In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall be responsible only to examine determine that the documents and certificates required to be delivered under such Letter of Credit with reasonable care so as to ascertain whether have been delivered and that they appear comply on their face to be in substantial compliance with the terms and conditions requirements of such Letter of Credit.