Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, Issuing Lender shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 47 contracts
Samples: Credit Agreement (Warby Parker Inc.), Revolving Credit and Term Loan Agreement (Archaea Energy Inc.), Credit Agreement (Archaea Energy Inc.)
Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, Issuing Lender Bank shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 15 contracts
Samples: Credit Agreement (Credit Acceptance Corp), Credit Agreement (Credit Acceptance Corp), Credit Agreement (Credit Acceptance Corp)
Risk Under Letters of Credit. (ai) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, the Issuing Lender Bank shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 7 contracts
Samples: Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co)
Risk Under Letters of Credit. (ai) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, the Issuing Lender Banks shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 6 contracts
Samples: Credit Agreement (Civitas Resources, Inc.), Credit Agreement (Civitas Resources, Inc.), Credit Agreement (PDC Energy, Inc.)
Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, each Issuing Lender shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Matador Resources Co), Credit Agreement (Matador Resources Co)
Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefortherefore, or any documents or instruments given in connection therewith, Issuing Lender shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 2 contracts
Samples: Credit Agreement (Noble International, Ltd.), Credit Agreement (Noble International, Ltd.)
Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, Issuing Lender Bank shall have the sole right right, in its discretion, to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 2 contracts
Samples: Loan and Security Agreement (Intest Corp), Loan and Security Agreement (Drugmax Com Inc)
Risk Under Letters of Credit. (a1) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, Issuing Lender shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Dragonwave Inc), Revolving Credit Agreement (Dragonwave Inc)
Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefortherefore, or any documents or instruments given in connection therewith, Issuing Lender shall have the sole right right, in its discretion, to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 1 contract
Samples: Loan and Security Agreement (Access Worldwide Communications Inc)
Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, Issuing Lender Bank shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 1 contract
Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, and notwithstanding the granting of risk participation hereunder, the Issuing Lender Bank shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Commercial Vehicle Group, Inc.)
Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefortherefore, or any documents or instruments given in connection therewith, Issuing Lender Bank shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 1 contract
Samples: Credit Agreement (Olympic Steel Inc)
Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, the Issuing Lender shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 1 contract
Risk Under Letters of Credit. (a) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, Issuing Lender Bank shall have the sole right right, in its discretion following commercially reasonable standards, to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 1 contract
