Responsibility of Issuing Bank with Respect to Drawings. In ------------------------------------------------------- determining whether to honor any drawing under any Letter of Credit by the beneficiary thereof, the Issuing Bank shall be responsible only to examine the documents delivered under such Letter of Credit with reasonable care so as to ascertain whether they appear on their face to be in accordance with the terms and conditions of such Letter of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Hughes Electronics Corp), Credit Agreement (Hughes Electronics Corp)
Responsibility of Issuing Bank with Respect to Drawings. In ------------------------------------------------------- determining whether to honor any drawing under any Letter of Credit by the beneficiary thereof, the Issuing Bank shall be responsible only to examine the documents delivered under such Letter of Credit with reasonable care so as to ascertain whether they appear on their face to be in accordance with the terms and conditions of such Letter of Credit.
Appears in 2 contracts
Samples: Security Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)
