Common use of Right to make Payments under Letters of Credit Clause in Contracts

Right to make Payments under Letters of Credit. Each Lender shall be entitled to make any payment in accordance with the terms of the relevant Letter of Credit without any reference to or further authority from the Borrower or any other investigation or enquiry. The Borrower irrevocably authorises each Lender to comply with any demand under a Letter of Credit which is valid on its face.

Right to make Payments under Letters of Credit. Each Lender shall be entitled to make any payment in accordance with the terms of the relevant Letter of Credit without any reference to or further authority from the relevant Borrower or any other investigation or enquiry. The Borrower irrevocably authorises each Lender to comply with any demand under a Letter of Credit which is valid on its face.

Right to make Payments under Letters of Credit. Each Lender shall be entitled to make any payment in accordance with the terms of the relevant Letter of Credit without any reference to or further authority from the relevant Borrower or any other investigation or enquiry. The Each Borrower irrevocably authorises each Lender to comply with any demand under a Letter of Credit which is valid on its face.

Right to make Payments under Letters of Credit. Each Lender shall be entitled to make any payment in accordance with the terms of the relevant Letter of Credit without any reference to or further authority from the Borrower Company or any other investigation or enquiry. The Borrower Company irrevocably authorises each Lender to comply with any demand under a Letter of Credit which is valid on its face.