ISSUER'S OBLIGATIONS CONCERNING DOCUMENTS Sample Clauses

ISSUER'S OBLIGATIONS CONCERNING DOCUMENTS. (a) The Issuer's obligations relative to the Credit include the examination of documents with reasonable care so as to ascertain that on their face they appear to comply with the terms of Credit, but do NOT include liability or responsibility of any kind arising out of or in connection with: (i) validity, sufficiency, truthfulness, genuineness or effect of documents which appear on Issuer's examination to be regular on their face; (ii) honor of drafts or demands for payment which appear on Issuc,r's examination to be regular on their face; or (iii) the ultimate correctness of Issuer's decision regarding documentary compliance, where such decision is based on Issuer's examination of the documents, or Issuer's exercise of judgment, in a manner not manifestly unreasonable. The Issuer may in its discresion (but shall not be obligated tO) accept documents which substantially or reasonably comply with the terms of the Credit. (b) I~'nless otherwise specified in the Application, the [ssuer mav in its discretion accept or honor (in the case of negotiable Credits) as complying with the Credit: (i) drafts or document signed by or issued to the purported agent, executor, administrator. Iiquidator. receiver, trustee in bankruptcy or other legal representative of any party designated in the Credit; (ii) drains which fail to bear any or adequate reference to the Credit or notation to be made on the Credit. or the Credit to be surrendered, or documents to be forwarded apart from the draft, whether or not required by the Credit; (iii) drafts or documents which comply under the laws, rules, regulations, and general banking or trade customs and usages of the place of drawing or presentation; or (iv) drafts or documents which comply with the UCP.
Sample 1
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ISSUER'S OBLIGATIONS CONCERNING DOCUMENTS. (a) The issuer's obligations relative to the Credit include the examination of documents with reasonable care so as to ascertain that on their face they appear to comply with the terms of Credit but NOT include inability or responsibility of any kind arising out of or in connection with (i) validity, sufficiency, truthfulness, genuiness or effect of documents which appear on issuer's examination to be regular on their face, (ii) honor of drafts or demands for payment which appear on issuer's examination to be regular on their face, or (iii) the ultimate correctness of issuer's decision regarding documentary compliance where such decision is based on the issuer's examination of the documents or issuer's exercise of judgment in a manner not [illegible]
Sample 1
ISSUER'S OBLIGATIONS CONCERNING DOCUMENTS. (a) Your obligations to us relative to the Credit include your examination of documents with care so as to ascertain that on their face they appear to comply with the terms of the Credit, but do not include liability or responsibility of any kind arising out of or in connection with: (i) genuineness or effect of documents which appear on your examination to be regular on their face; (ii) honor of drafts or demands for payment which appear on your examination to be regular on their face; or (iii) the ultimate correctness of your decision regarding documentary compliance, where your decision is based on your examination of the documents, or your exercise of judgment, in a manner not manifestly unreasonable. You may accept documents which substantially or reasonably comply with the terms of the Credit.
Sample 1

Related to ISSUER'S OBLIGATIONS CONCERNING DOCUMENTS

  • Termination of the Issuer’s Obligations The Issuer may terminate its obligations under the Notes and this Indenture and the obligations of the Subsidiary Guarantors under the Subsidiary Guarantees and this Indenture and this Indenture shall cease to be of further effect, except those obligations referred to in the penultimate paragraph of this Section 8.01, if:

  • Conditions of Initial Purchasers’ Obligations The obligation of each Initial Purchaser to purchase Securities on the Closing Date as provided herein is subject to the performance by the Company and each of the Guarantors of their respective covenants and other obligations hereunder and to the following additional conditions:

  • Conditions of Investor’s Obligations at Closing The obligations of the Investor under subsection 1.1(c) of this Agreement are subject to the fulfillment on or before the Closing of each of the following conditions, the waiver of which shall not be effective against the Investor if it does not consent thereto:

  • Conditions to the Purchaser’s Obligations The obligations of the Purchaser to consummate the transactions contemplated by this Agreement are subject to the satisfaction (or waiver by the Purchaser in writing) of the following conditions as of the Closing Date:

  • Conditions of the Purchaser’s Obligations The obligations of the Purchaser to purchase and pay for the Private Placement Warrants are subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

  • Conditions of the Initial Purchasers’ Obligations The obligation of the Initial Purchasers to purchase and pay for the Securities shall, in their sole discretion, be subject to the satisfaction or waiver of the following conditions on or prior to the Closing Date:

  • Conditions of the Purchasers’ Obligations at Closing The obligations of each Purchaser to the Company under this Agreement are subject to the fulfillment, on or before the Closing, of each of the following conditions, unless otherwise waived:

  • Conditions of Manager’s Obligations The obligations of the Manager hereunder are subject to (i) the accuracy of the representations and warranties on the part of the Company, the Adviser and the Administrator on the date hereof, any applicable Representation Date, as of each Time of Sale and as of each Settlement Date and Time of Delivery, (ii) the performance by the Company, the Adviser and the Administrator of their obligations hereunder and (iii) to the following additional conditions precedent.

  • Conditions of Underwriters’ Obligations The obligations of the several Underwriters hereunder are subject to the accuracy of the representations and warranties of the Company contained herein or in certificates of any officer of the Company or any of its subsidiaries delivered pursuant to the provisions hereof, to the performance by the Company of its covenants and other obligations hereunder, and to the following further conditions:

  • Conditions to the Seller’s Obligations The obligations of the Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction at or prior to the Closing (and shall remain satisfied at and as of the Closing) of the following additional conditions, any of which may be waived by the Seller in its sole discretion, in whole or in part:

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