Obligation Unconditional. Except as provided in the proviso to the second sentence of Section 7.13, the obligation of ACE to reimburse the Bank for each LOC Disbursement shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, the applicable LOC Application and any other applicable agreement or instrument under all circumstances, including the following:
Appears in 5 contracts
Samples: Facility Agreement, Facility Agreement (ACE LTD), Facility Agreement (ACE LTD)
