Role of the Bank. (a) The Company agrees that, in paying any drawing under a Letter of Credit, the Bank 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.
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Samples: Credit Agreement (Maxxam Group Holdings Inc), Credit Agreement (Maxxam Group Holdings Inc), Agreement (Digital Microwave Corp /De/)
Role of the Bank. (a) The Company agrees that, in paying any drawing under a Letter of Credit, the Bank shall not have any responsibility to obtain any document in connection with paying any draw under a Letter of Credit (other than any required sight draft or time draft, certificate and certificates other documents 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: Loan Agreement (Medical Action Industries Inc), Loan Agreement (Katz Digital Technologies Inc)
Role of the Bank. (a) The Company agrees that, in paying any drawing under a any Letter of Credit, the Bank 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 Facility Agreement (Municipal Mortgage & Equity LLC), Credit Facility Agreement (Municipal Mortgage & Equity LLC)
Role of the Bank. (a) The Company agrees that, in paying any drawing under a Letter of Credit, the Bank shall not have any responsibility to obtain any document in connection with paying any draw under an Import Letter of Credit (other than any required sight draft or time draft, certificate and certificates other documents expressly required by the such Import 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.
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Role of the Bank. (a) The Company agrees Bank and the Borrower agree that, in paying any drawing under a Letter of Credit, the Bank 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 1 contract
Samples: Credit Agreement (Genus Inc)
Role of the Bank. (a) The Company agrees that, in paying any drawing under a Letter of Credit, the Bank shall not have any responsibility to obtain any document in connection with paying any draw under a Letter of Credit (other than any required sight draft or time draft, certificate and certificates other documents expressly required by the such 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.
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Role of the Bank. (a) The Bank and the Company agrees agree that, in paying any drawing under a Letter of Credit, the Bank 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.. The Company
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