Issuer’s Duties. The Issuer shall give notice to the Rating Agencies, if any, in the event of a removal or replacement of the Manager or a termination of this Agreement.
Issuer’s Duties. The Issuer under the LC Subfacility agrees with --------------- US Borrower and each Lender under the US Facility that it will exercise and give the same care and attention to each LC that it issues as it gives to its other letters of credit. Each such Lender and US Borrower agree that, in paying any draft under any LC, the Issuer has no responsibility to obtain any document (other than any documents expressly required by the respective LC) or to ascertain or inquire as to any document's validity, enforceability, sufficiency, accuracy, or genuineness or the authority of any Person delivering it. Neither the Issuer nor its Representatives will be liable to any such Lender or any Company for any LC's use or for any beneficiary's acts or omissions. Any action, inaction, error, delay, or omission taken or suffered by the Issuer or any of its Representatives in connection with any LC, applicable drafts or documents, or the transmission, dispatch, or delivery of any related message or advice, if in good faith and in conformity with applicable Governmental Requirements and in accordance with the standards of care specified in the Uniform Customs and Practices for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500 (as amended or modified), is binding upon the Companies and Lenders and, except as provided in SECTION 2.3(e), does not place that Issuer or any of its Representatives under any resulting liability to any Company or any Lender. Administrative Agent is not liable to any Company or any Lender for any action taken or omitted, in the absence of gross negligence or willful misconduct, by that Issuer or its Representative in connection with any LC.
Issuer’s Duties
