Letter of Credit Payments. The responsibility of each Issuing Bank to the Borrower in connection with any draft presented for payment under any Letter of Credit issued by such Issuing Bank shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are in conformity with such Letter of Credit.
Appears in 6 contracts
Samples: Credit Agreement (Service Merchandise Co Inc), Credit Agreement (Service Merchandise Co Inc), Credit Agreement (Kmart Corp)
Letter of Credit Payments. The responsibility of each Issuing Bank to the Borrower in connection with If any draft shall be presented for payment under any Letter of Credit issued by such Credit, the responsibility of the Issuing Bank to the Loan Parties in connection with such draft shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are in conformity with such Letter of Credit.
Appears in 3 contracts
Samples: Credit Agreement (Kinetic Concepts Inc /Tx/), Credit and Guarantee Agreement (Kci New Technologies Inc), Credit Agreement (Juno Lighting Inc)
Letter of Credit Payments. The responsibility of each Issuing Bank to the Borrower in connection with any draft presented for payment under any Letter of Credit issued by such Issuing Bank shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are in conformity with such Letter of Credit.
Appears in 3 contracts
Samples: Credit Agreement (Reebok International LTD), Credit Agreement (Computer Data Systems Inc), Credit and Guarantee Agreement (Reebok International LTD)
Letter of Credit Payments. The responsibility of each the Issuing Bank Lenders to the Borrower in connection with any draft presented for payment under any Letter of Credit issued by such Issuing Bank shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Alliance Laundry Corp), Credit Agreement (Alliance Laundry Corp)
Letter of Credit Payments. The responsibility of each Issuing Bank to the Borrower an Account Party in connection with any draft presented for payment under any Letter of Credit issued by such Issuing Bank shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are in conformity with such Letter of Credit.
Appears in 2 contracts
Samples: Credit and Guarantee Agreement (Reebok International LTD), Credit and Guarantee Agreement (Reebok International LTD)
Letter of Credit Payments. The responsibility of each Issuing Bank to the Borrower Borrowers in connection with any draft presented for payment under any Letter of Credit issued by such Issuing Bank shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are in substantial conformity with such Letter of Credit.
Appears in 1 contract
Samples: Credit and Guarantee Agreement (Young & Rubicam Inc)
Letter of Credit Payments. The responsibility of each such Issuing Bank Lender to the such Borrower in connection with any draft presented for payment under any such Letter of Credit issued by such Issuing Bank shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are in conformity with such Letter of Credit.
Appears in 1 contract
Letter of Credit Payments. The responsibility of each the Issuing Bank ------------------------- Lenders to the Borrower in connection with any draft presented for payment under any Letter of Credit issued by such Issuing Bank shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit.
Appears in 1 contract
Letter of Credit Payments. The responsibility of each Issuing Bank to the Borrower Borrowers in connection with any draft presented for payment under any Letter of Credit issued by such Issuing Bank shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are in conformity with such Letter of Credit.
Appears in 1 contract
Samples: Credit Agreement (Advanced Communication Systems Inc)
Letter of Credit Payments. The responsibility of each Issuing Bank to the Borrower in connection with If any draft Draft shall be presented for payment under any Letter of Credit issued by such Credit, the responsibility of the Issuing Bank with respect thereto to the Borrower in connection with such Draft shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draftDraft) delivered under such Letter of Credit in connection with such presentment are in conformity with such Letter of Credit.
Appears in 1 contract
Samples: Ziff Davis Intermediate Holdings Inc
