Common use of Letter of Credit Drawings Clause in Contracts

Letter of Credit Drawings. The obligations of each Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such Borrower is without prejudice to, and does not constitute a waiver of, any rights such Borrower might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement by such Borrower thereof):

Appears in 14 contracts

Samples: Credit Agreement (Xerox Corp), Credit Agreement (Xerox Corp), Credit Agreement (International Flavors & Fragrances Inc)

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Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such the Borrower or any of its Subsidiaries shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by any Lender Issuing Bank of any draft or the reimbursement by such the Borrower thereof):

Appears in 10 contracts

Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement, Credit Agreement (Royal Caribbean Cruises LTD)

Letter of Credit Drawings. The obligations of each Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such Borrower is without prejudice to, and does not constitute a waiver of, any rights such Borrower might have or might acquire as a result of the payment by any Lender Issuing Bank of any draft or the reimbursement by such Borrower thereof, including as provided in Section 9.15):

Appears in 6 contracts

Samples: Assignment and Assumption (Jabil Circuit Inc), Assignment and Assumption (Jabil Circuit Inc), Assignment and Assumption (Jabil Circuit Inc)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such the Borrower or any of its Subsidiaries shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by the applicable Issuing Bank or any Revolving Credit Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 6 contracts

Samples: Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp), Fourth Amendment (Science Applications International Corp)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such the Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 6 contracts

Samples: Credit Agreement (Everest Re Group LTD), Credit Agreement (Intuit Inc), Credit Agreement (Sra International Inc)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by the applicable Issuing Bank or any Revolving Credit Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 5 contracts

Samples: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Dollar Tree, Inc.), Credit Agreement (Hexcel Corp /De/)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement by such the Borrower thereof, including, without limitation, pursuant to Section 9.14):

Appears in 4 contracts

Samples: Security Agreement (Eastman Kodak Co), Security Agreement (Eastman Kodak Co), Credit Agreement

Letter of Credit Drawings. The obligations of each Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such Borrower is without prejudice to, and does not constitute a waiver of, any rights such Borrower might have or might acquire as a result of the payment by any Lender Issuing Bank of any draft or the reimbursement by such Borrower thereof, including as provided in Section 9.15):

Appears in 4 contracts

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

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 4 contracts

Samples: Credit Agreement (Telecomunicaciones De Puerto Rico Inc), Credit Agreement (Embarq CORP), Credit Agreement (Embarq CORP)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such the Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by the applicable Issuing Bank or any Revolving Credit Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 3 contracts

Samples: Credit Agreement (Science Applications International Corp), Credit Agreement (SAIC Gemini, Inc.), Credit Agreement (Science Applications International Corp)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such the Borrower shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by any Lender Issuing Bank of any draft or the reimbursement by such the Borrower thereof, including as provided in Section 9.15):

Appears in 3 contracts

Samples: Credit Agreement (Td Synnex Corp), Credit Agreement (Td Synnex Corp), Credit Agreement (Synnex Corp)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by the applicable Issuing Bank or any Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 3 contracts

Samples: Credit Agreement (Dollar General Corp), Credit Agreement (Dollar General Corp), Credit Agreement (Dollar General Corp)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by the applicable Issuing Bank or any Revolving Credit Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 3 contracts

Samples: Credit Agreement (Dollar General Corp), Credit Agreement (Dollar General Corp), Credit Agreement (Dollar General Corp)

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Letter of Credit Drawings. The obligations of each the Borrower under this Agreement and any Letter of Credit Agreement and any other agreement or instrument relating to or any Letter of Credit issued for the account of such Borrower shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 3 contracts

Samples: Credit Agreement (Becton Dickinson & Co), Credit Agreement (Becton Dickinson & Co), Credit Agreement (Becton Dickinson & Co)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by any Issuing Bank or any Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 2 contracts

Samples: Credit Agreement (Tribune Co), Credit Agreement (Tribune Co)

Letter of Credit Drawings. The obligations of each Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such Borrower is without prejudice to, and does not constitute a waiver of, any rights such Borrower might have or might acquire as a result of the payment or honoring by any Issuing Bank of any draft or certificate presented under any Letter of Credit, the payment by any Lender of any draft or the reimbursement by such Borrower thereof):

Appears in 1 contract

Samples: Five Year Credit Agreement (Electronic Data Systems Corp /De/)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such the Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by any Lender Issuing Bank of any draft or the reimbursement by such the Borrower thereof, including as provided in Section 9.14):

Appears in 1 contract

Samples: Credit Agreement (Avago Technologies LTD)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire acquire, under the ISP, the UCP or otherwise, as a result of the payment by any Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 1 contract

Samples: Credit Agreement (Ryland Group Inc)

Letter of Credit Drawings. The obligations of each the Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such the Borrower is without prejudice to, and does not constitute a waiver of, any rights such the Borrower might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement by such the Borrower thereof):

Appears in 1 contract

Samples: Credit Agreement (Emc Corp)

Letter of Credit Drawings. The obligations of each Borrower under any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such Borrower is without prejudice to, and does not constitute a waiver of, any rights such Borrower might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement by such Borrower thereof):): NYDOCS01/1357750.4

Appears in 1 contract

Samples: Credit Agreement (Xerox Corp)

Letter of Credit Drawings. The obligations of each Borrower under this Agreement and any Letter of Credit Agreement and any other agreement or instrument relating to or any Letter of Credit issued for the account of such Borrower shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances (it being understood that any such payment by such Borrower is without prejudice to, and does not constitute a waiver of, any rights such Borrower might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement by such Borrower thereof):

Appears in 1 contract

Samples: Credit Agreement (Becton Dickinson & Co)

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