Supporting Materials. Borrower hereby authorizes and directs any bank that issues a letter of credit guaranteed by an L/C Guaranty to deliver to Agent all instruments, documents, and other writings and property received by the issuing bank pursuant to such letter of credit, and to accept and rely upon Agent's instructions and agreements with respect to all matters arising in connection with such letter of credit and the related application. Borrower may or may not be the "applicant" or "account party" with respect to such letter of credit.
Appears in 8 contracts
Samples: Loan and Security Agreement (Franks Nursery & Crafts Inc), Loan and Security Agreement (Right Start Inc /Ca), Loan and Security Agreement (Gantos Inc)
Supporting Materials. Borrower Borrowers hereby authorizes authorize and directs direct any bank that issues a letter of credit guaranteed by an L/C Guaranty to deliver to Agent all instruments, documents, and other writings and property received by the issuing bank pursuant to such letter of credit, and to accept and rely upon Agent's instructions and agreements with respect to all matters arising in connection with such letter of credit and the related application. Borrower Borrowers may or may not be the "applicant" or "account party" with respect to such letter of credit.
Appears in 3 contracts
Samples: Loan and Security Agreement (Fao Inc), Loan and Security Agreement (RDM Sports Group Inc), Loan and Security Agreement (Right Start Inc /Ca)
Supporting Materials. Borrower Borrowers hereby authorizes authorize and directs direct any bank that issues a letter of credit guaranteed by an L/C Guaranty to deliver to Agent all instruments, documents, and other writings and property received by the issuing bank pursuant to such letter of credit, and to accept and rely upon Agent's ’s instructions and agreements with respect to all matters arising in connection with such letter of credit and the related application. A Borrower may or may not be the "“applicant" ” or "“account party" ” with respect to such letter of credit.
Appears in 1 contract
Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)
Supporting Materials. Borrower Borrowers hereby authorizes authorize and directs direct any bank that issues a letter of credit guaranteed by an L/C Guaranty to deliver to Agent all instruments, documents, and other writings and property received by the issuing bank pursuant to such letter of credit, and to accept and rely upon Agent's instructions and agreements with respect to all matters arising in connection with such letter of credit and the related application. A Borrower may or may not be the "applicant" or "account party" with respect to such letter of credit.
Appears in 1 contract
Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc)
Supporting Materials. Each Borrower hereby authorizes and -------------------- directs any bank that issues a letter of credit guaranteed by an L/C Guaranty to deliver to Agent all instruments, documents, and other writings and property received by the issuing bank pursuant to such letter of credit, and to accept and rely upon Agent's instructions and agreements with respect to all matters arising in connection with such letter of credit and the related application. A Borrower may or may not be the "applicant" or "account party" with respect to such letter of credit.
Appears in 1 contract
Supporting Materials. Each Borrower hereby authorizes and directs any bank that issues a letter of credit guaranteed by an L/C Guaranty to deliver to Agent all instruments, documents, and other writings and property received by the issuing bank pursuant to such letter of credit, and to accept and rely upon Agent's ’s instructions and agreements with respect to all matters arising in connection with such letter of credit and the related application. A Borrower may or may not be the "“applicant" ” or "“account party" ” with respect to such letter of credit.
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