Common use of General Provisions Relating to All Letters Clause in Contracts

General Provisions Relating to All Letters. (a) The Borrower hereby acknowledges and confirms to the Issuing Lenders that the Issuing Lenders shall not be obliged to make any inquiry or investigation as to the right of any beneficiary to make any claim or draft or request any payment under a Letter and payment by an Issuing Lender pursuant to a Letter shall not be withheld by such Issuing Lender by reason of any matters in dispute between the beneficiary thereof and the Borrower. The sole obligation of the Issuing Lenders with respect to Letters is to cause to be paid a draft drawn or purporting to be drawn in accordance with the terms of the applicable Letter and for such purpose the relevant Issuing Lender is only obliged to determine that the draft purports to comply with the terms and conditions of the relevant Letter.

General Provisions Relating to All Letters. (a) The Each Borrower hereby acknowledges and confirms to the Issuing Lenders Lender that the Issuing Lenders Lender shall not be obliged to make any inquiry or investigation as to the right of any beneficiary to make any claim or draft Draft or request any payment under a Letter and payment by an the Issuing Lender pursuant to a Letter shall not be withheld by such the Issuing Lender by reason of any matters in dispute between the beneficiary thereof and the such Borrower. The sole obligation of the Issuing Lenders Lender with respect to Letters is to cause to be paid a draft Draft drawn or purporting to be drawn in accordance with the terms of the applicable Letter and for such purpose the relevant Issuing Lender is only obliged to determine that the draft Draft purports to comply with the terms and conditions of the relevant Letter.

General Provisions Relating to All Letters. (a) The Each relevant Borrower hereby acknowledges and confirms to the Issuing Lenders Lender that the Issuing Lenders Lender shall not be obliged to make any inquiry or investigation as to the right of any beneficiary to make any claim or draft Draft or request any payment under a Letter and payment by an the Issuing Lender pursuant to a Letter shall not be withheld by such the Issuing Lender by reason of any matters in dispute between the beneficiary thereof and the such Borrower. The sole obligation of the Issuing Lenders Lender with respect to Letters is to cause to be paid a draft Draft drawn or purporting to be drawn in accordance with the terms of the applicable Letter and for such purpose the relevant Issuing Lender is only obliged to determine that the draft Draft purports to comply with the terms and conditions of the relevant Letter.

General Provisions Relating to All Letters. (a) The Borrower hereby acknowledges acknowledge and confirms confirm to the Issuing Lenders Lender that the Issuing Lenders Lender shall not be obliged obligated to make any inquiry or investigation as to the right of any beneficiary to make any claim or draft Draft or request any payment under a Letter and payment by an the Issuing Lender pursuant to a Letter shall not be withheld by such the Issuing Lender by reason of any matters in dispute between the beneficiary thereof and the Borrower. The sole obligation of the Issuing Lenders Lender with respect to Letters is to cause to be paid a draft Draft drawn or purporting to be drawn in accordance with the terms of the applicable Letter and for such purpose the relevant Issuing Lender is only obliged obligated to determine that the draft Draft purports to comply with the terms and conditions of the relevant Letter.

General Provisions Relating to All Letters. (a) The Borrower hereby acknowledges and confirms to the Issuing Lenders Lender that the Issuing Lenders Lender shall not be obliged to make any inquiry or investigation as to the right of any beneficiary to make any claim or draft Draft or request any payment under a Letter and payment by an the Issuing Lender pursuant to a Letter shall not be withheld by such the Issuing Lender by reason of any matters in dispute between the beneficiary thereof and the Borrower. The sole obligation of the Issuing Lenders Lender with respect to Letters is to cause to be paid a draft Draft drawn or purporting to be drawn in accordance with the terms of the applicable Letter and for such purpose the relevant Issuing Lender is only obliged to determine that the draft Draft purports to comply with the terms and conditions of the relevant Letter.

General Provisions Relating to All Letters. (a) The Borrower hereby acknowledges and confirms to the Issuing Lenders that the Issuing Lenders shall not be obliged to make any inquiry or investigation as to the right of any beneficiary to make any claim or draft or request any payment under a Letter and payment by an Issuing Lender pursuant to a Letter shall not be withheld by such Issuing Lender by reason of any matters in dispute between the beneficiary thereof and the Borrower. The sole obligation of the Issuing Lenders with respect to Letters is to cause to be paid a draft drawn or purporting to be drawn in accordance with the terms of the applicable Letter and for such purpose the relevant Issuing Lender is only obliged to determine that the draft purports to comply with the terms and conditions of the relevant Letter.. Credit Agreement - New Gold Inc.

General Provisions Relating to All Letters. (a) The Each Borrower hereby acknowledges and confirms to the Issuing Lenders that the Issuing Lenders shall not be obliged to make any inquiry or investigation as to the right of any beneficiary to make any claim or draft or request any payment under a Letter and payment by an Issuing Lender pursuant to a Letter shall not be Credit Agreement withheld by such Issuing Lender by reason of any matters in dispute between the beneficiary thereof and the relevant Borrower. The sole obligation of the Issuing Lenders with respect to Letters is to cause to be paid a draft drawn or purporting to be drawn in accordance with the terms of the applicable Letter and for such purpose the relevant Issuing Lender is only obliged to determine that the draft purports to comply with the terms and conditions of the relevant Letter.