Common use of Role of the Issuing Lenders Clause in Contracts

Role of the Issuing Lenders. (a) Each Lender and the Company agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate expressly required by 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.

Appears in 2 contracts

Samples: Credit Agreement (Fiberite Holdings Inc), Credit Agreement (Republic Services Inc)

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Role of the Issuing Lenders. (a) Each U.S. Lender and the Company agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate expressly required by 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.

Appears in 2 contracts

Samples: Credit Agreement (Lance Inc), Credit Agreement (Lance Inc)

Role of the Issuing Lenders. (a) Each Revolving Loan Lender and the Company Borrower agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate draft, certificates or documents expressly required by 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.

Appears in 2 contracts

Samples: Credit Agreement (Snyder's-Lance, Inc.), Credit Agreement (Snyder's-Lance, Inc.)

Role of the Issuing Lenders. (a) Each Lender and the Company Borrower agree that, in paying any drawing under a Letter of Credit, the applicable no Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate certificates expressly required by such the Letter of CreditCredit issued by such Issuing Lender) 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 (Globe Manufacturing Corp), Credit Agreement (Globe Manufacturing Corp)

Role of the Issuing Lenders. (a) Each Lender and the Company Borrower agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate certificates expressly required by 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.

Appears in 1 contract

Samples: Credit Agreement (Quality Food Centers Inc)

Role of the Issuing Lenders. (a) Each Lender and the Company agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate expressly required by 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.

Appears in 1 contract

Samples: Credit Agreement (Lance Inc)

Role of the Issuing Lenders. (a) Each RL Lender and the Company Borrower agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate certificates expressly required by such 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 (Communications Instruments Inc)

Role of the Issuing Lenders. (a) Each Lender and the Company each Borrower agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate expressly required by 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.

Appears in 1 contract

Samples: Credit Agreement (Hussmann International Inc)

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Role of the Issuing Lenders. (a) Each Lender and --------------------------- the Company agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate expressly required by such Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any 46 54 such document or the authority of the Person executing or delivering any such document.

Appears in 1 contract

Samples: Credit Agreement (Earthgrains Co /De/)

Role of the Issuing Lenders. (a) Each Lender and the Company agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate expressly 39 required by 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.

Appears in 1 contract

Samples: Credit Agreement (Snyder's-Lance, Inc.)

Role of the Issuing Lenders. (a) Each Lender and the Company Borrower agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate certificates expressly required by such 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 (Communications Instruments Inc)

Role of the Issuing Lenders. (a) Each Lender and the --------------------------- Company agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate expressly required by 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.

Appears in 1 contract

Samples: Credit Agreement (Earthgrains Co /De/)

Role of the Issuing Lenders. (a) Each U.S. Revolving Credit Lender and the Company agree that, in paying any drawing under a Letter of Credit, the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft and certificate expressly required by 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.

Appears in 1 contract

Samples: Credit Agreement (Lance Inc)

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