Partial Shipments. Except as otherwise expressly stated in any Credit (a) partial shipments may be made under such Credit, and Issuer may honor the relative Drafts without inquiry regardless of any apparent disproportion between the quantity shipped and the amount of the relative Draft and the total amount of such Credit and the total quantity to be shipped under such Credit, and (b) if such Credit specifies shipments in installments within stated periods and the shipper fails to ship in any designated period, shipments of subsequent installments may nevertheless be made in their respective designated periods and Issuer may honor the relative Drafts.
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Samples: Master Agreement for Documentary Letters of Credit (Ddi Corp), Master Agreement for Standby Letters of Credit (Ddi Corp), Master Agreement for Standby Letters of Credit (Ddi Corp)
Partial Shipments. Except as otherwise expressly stated in any Credit (ai) partial shipments may be made under such Credit, and Issuer may honor the relative Drafts without inquiry regardless of any apparent disproportion between the quantity shipped and the amount of the relative Draft and the total amount of such Credit and the total quantity to be shipped under such Credit, and (bii) if such Credit specifies shipments in installments within stated periods and the shipper fails to ship in any designated period, shipments of subsequent installments may nevertheless be made in their respective designated periods and Issuer may honor the relative Drafts.
Appears in 3 contracts
Samples: Credit Agreement (Centerplate, Inc.), Credit Agreement (Golfsmith International Holdings Inc), Master Agreement for Documentary Letters of Credit (Coyne International Enterprises Corp)
Partial Shipments. (a) Except as otherwise expressly stated in any Credit (ai) partial shipments may be made under such Credit, and Issuer may honor the relative Drafts without inquiry regardless of any apparent disproportion between the quantity shipped and the amount of the relative Draft and the total amount of such Credit and the total quantity to be shipped under such Credit, and (bii) if such Credit specifies shipments in installments within stated periods and the shipper fails to ship in any designated period, shipments of subsequent installments may nevertheless be made in their respective designated periods and Issuer may honor the relative Drafts.
Appears in 3 contracts
Samples: Master Agreement for Documentary Letters of Credit (Talbots Inc), Credit Agreement (Golfsmith International Holdings Inc), Credit Agreement (Brightpoint Inc)
Partial Shipments. (a) Except as otherwise expressly stated in any Credit (ai) partial shipments may be made under such Credit, and Issuer may honor the relative Drafts without inquiry regardless of any apparent disproportion between the quantity shipped and the amount of the relative Draft and the total amount of such Credit and the total quantity to be shipped under such Credit, and (bii) if such Credit specifies shipments in installments within stated periods and the shipper fails to ship in any designated period, shipments of subsequent installments may nevertheless be made in their respective designated periods and Issuer may honor the relative Drafts. 8.
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