Role of Issuing Lender. (a) Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificates expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.
Appears in 3 contracts
Samples: Credit Agreement (Meredith Corp), Credit Agreement (Idg Books Worldwide Inc), Credit Agreement (Regent Communications Inc)
Role of Issuing Lender. (a) Each Lender and the each Borrower agree that, in paying any drawing under a Letter of Credit, the no Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificates expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.
Appears in 3 contracts
Samples: Credit Agreement (Aecom Technology Corp), Credit Agreement (Aecom Technology Corp), Credit Agreement (Aecom Merger Corp)
Role of Issuing Lender. (a) Each Revolving Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificates expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.
Appears in 2 contracts
Samples: Credit Agreement (Regent Communications Inc), Credit Agreement (Regent Communications Inc)
Role of Issuing Lender. (a) Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificates expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.. <PAGE>
Appears in 1 contract
Samples: Credit Agreement (Meredith Corp)
