Authority to Pay. The Account Party hereby irrevocably authorises each Issuing Lender to pay without investigation or confirmation by it any demand which appears on its face to be validly made under or pursuant to any Letter of Credit or Lender Guarantee issued by that Issuing Lender and agrees that as between itself, such Issuing Lender and the Lenders, that any such demand (in the absence of manifest error) shall be conclusive evidence that demand has been properly made.
Appears in 2 contracts
Samples: Senior Facilities Agreement (Elster Group SE), Senior Facilities Agreement (Elster Group SE)
Authority to Pay. The Account Party hereby irrevocably authorises each Issuing Lender to pay (without investigation or confirmation by it it) any demand which appears on its face to be validly made under or pursuant to any Letter of Credit or Lender Bank Guarantee issued by that Issuing Lender and agrees that that, as between itself, such the relevant Issuing Lender and the Lenders, that any such demand (in the absence of manifest error) shall be conclusive evidence that the demand has been properly made.
Appears in 2 contracts
Samples: Facilities Agreement (Ugi Corp /Pa/), Facilities Agreement (Ugi Corp /Pa/)
Authority to Pay. The Account Party hereby irrevocably authorises each Issuing Lender Bank to pay without investigation or confirmation by it any demand which appears on its face to be validly made under or pursuant to any Letter of Credit or Lender Bank Guarantee issued by that Issuing Lender Bank and agrees that as between itself, such Issuing Lender Bank and the LendersBanks, that any such demand (in the absence of manifest error) shall be conclusive evidence that demand has been properly made.
Appears in 2 contracts
Samples: Facilities Agreement (Yell Finance Bv), Facilities Agreement (Lucite International Group Holdings LTD)
Authority to Pay. The Account Party hereby irrevocably authorises each Issuing Lender to pay without investigation or confirmation by it any demand which appears on its face to be validly made under or pursuant to any Letter of Credit or Lender Guarantee issued by that Issuing Lender and agrees that as between itself, such Issuing Lender and the Lenders, that any such demand (in the absence of manifest error) shall be conclusive evidence that demand has been properly made.
Appears in 2 contracts
Samples: Facilities Agreement (United Biscuits Finance PLC), Facilities Agreement (United Biscuits Finance PLC)
Authority to Pay. The Account Party hereby irrevocably authorises each Issuing Lender to pay (without investigation or confirmation by it it) any demand which appears on its face to be validly made under or pursuant to any Letter of Credit or Lender Bank Guarantee issued by that Issuing Lender and agrees that that, as between itself, such the relevant Issuing Lender and the Lenders, that any such demand (in the absence of manifest errorerror by the Beneficiary) shall be conclusive evidence that the demand has been properly made.
Appears in 1 contract
Samples: Credit Agreement (Ocallaghan Barry)
Authority to Pay. The Account Party hereby irrevocably authorises each Issuing Lender to pay (without investigation or confirmation by it it) any demand which appears on its face to be validly made under or pursuant to any Letter of Credit or Lender Bank Guarantee issued by that Issuing Lender and agrees that that, as between itself, such the relevant Issuing Lender -48- and the Lenders, that any such demand (in the absence of manifest errorerror by the Beneficiary) shall be conclusive evidence that the demand has been properly made.
Appears in 1 contract
