Common use of Account Party Clause in Contracts

Account Party. The Borrowers hereby authorize and direct any Letter of Credit Issuer to name LS&Co or LSFCC, as the case may be, as the “Account Party” therein and to deliver to the Agent all instruments, documents and other writings and property received by the Letter of Credit Issuer pursuant to the Letter of Credit, and to accept and rely upon the Agent’s instructions and agreements with respect to all matters arising in connection with the Letter of Credit or the application therefor.

Account Party. The Borrowers hereby authorize and direct any Letter of Credit Issuer to name LS&Co or LSFCC, as the case may be, as the “"Account Party” " therein and to deliver to the Agent all instruments, documents and other writings and property received by the Letter of Credit Issuer pursuant to the Letter of Credit, and to accept and rely upon the Agent’s 's instructions and agreements with respect to all matters arising in connection with the Letter of Credit or the application therefor.