Transaction underlying LC Sample Clauses

Transaction underlying LC. The Borrower agrees that the Issuer shall be concerned only with the demand or claim made on it in respect of an LC and, where a demand or claim must be accompanied by any other document, with any such document, in each case as presented to the Issuer, and not with any transaction to which the demand, claim or document relates, or as to whether the payment demanded or the claim made was in fact due.