a nominated person who has given value in good faith and without notice of forgery or material fraud;
a confirmer who has honored its confirmation in good faith;
a holder in due course of a draft drawn under the letter of credit which was taken after acceptance by the issuer or nominated person; or
an assignee of the issuer's or nominated person's deferred obligation that was taken for value and without notice of forgery or material fraud after the obligation was incurred by the issuer or nominated person; and
Structure 2021 Tennessee Code