Common use of LOC Applications Clause in Contracts

LOC Applications. The representations, warranties and covenants by ACE under, and the rights and remedies of the Bank under, the LOC Application relating to any LOC are in addition to, and not in limitation or derogation of, representations, warranties and covenants by ACE under, and rights and remedies of the Bank under, this Agreement and applicable law. In the event of any inconsistency between the terms of this Agreement and any LOC Application, this Agreement shall prevail.

Appears in 5 contracts

Samples: Letter of Credit Facility Agreement, Facility Agreement (ACE LTD), Facility Agreement (ACE LTD)

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