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, Agent shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 8 contracts
Samples: Credit Agreement (Credit Acceptance Corporation), Credit Agreement (Vishay Intertechnology Inc), Credit Agreement (Credit Acceptance Corporation)
Risk Under Letters of Credit. (a) In the administration issuance and the handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, Agent shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
Appears in 3 contracts
Samples: Credit Agreement (Jpe Inc), Credit Agreement (Valassis Communications Inc), Credit Agreement (Valassis Communications Inc)
Risk Under Letters of Credit. (a) In assigning and the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, Agent 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 (Jacobson Stores Inc), Credit Agreement (Mce Companies Inc)
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, Agent 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: Loan Agreement (Summa Industries)
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 Agent shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit.
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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, Agent 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 assigning and the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, Agent shall have the sole right to take or refrain from taking any and all administrative actions under or upon the Letters of Credit.
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Risk Under Letters of Credit. (ai) In assigning and the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in connection therewith, Revolving Credit Agent 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
