irrevocable standby letter of credit template

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requisites for drawing: issuer hereby agrees with the beneficiary that any request for a draw (each a “draw request”) under and in compliance with the terms of this credit (each a “draw” or a “drawing”) shall be duly honored by issuer, upon presentation in the form and by the means provided below on a business day before the stated expiration date. 2. the beneficiary is making a draw in the amount of $                     (the “draw amount”) under the letter of credit to satisfy a claim for indemnification which it made pursuant to section 7 of the stock purchase agreement by a claim notice dated [                    ], a copy of which is annexed hereto.

in witness whereof, the beneficiary has executed and delivered this draw certificate as of the              day of                     , 200  . in witness whereof, the beneficiary has executed and delivered this draw certificate as of the              day of                     , 200  .

form of irrevocable standby letter of credit no. issuer: [insert name of issuing bank]. issue date: each draft shall be signed on behalf of a beneficiary and marked, “drawn under. bank standby letter of credit no. irrevocable standby letter of credit credit (“letter of credit”) in favor of the above-named beneficiary for any sum or on or before the scheduled expiration date (defined below), in the form of., standby letter of credit pdf, standby letter of credit pdf, standby letter of credit vs letter of credit, irrevocable letter of credit, performance standby letter of credit sample text.

exhibit f. form of letter of credit. irrevocable standby letter of credit no. 00325901. applicant: diversified capital, . messages shall be deemed to include references to any successor forms that may be designated by .f.t. from time to suggested wording for standby letter of credit (for unless otherwise expressly stated, this irrevocable standby letter of credit is subject to the., letter of credit verbiage, evergreen letter of credit form, evergreen letter of credit form, standby letter of credit regulations, drawings letter of credit

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