Grading Letter Of Credit Template - Maryland Office Of Finance (Page 2 of 2) in pdf

Grading Letter Of Credit Template - Maryland Office Of Finance Page 2

financial assurance acceptable to you, within 90 days after receipt by both you and the

Applicant of a notice from us that we have decided not to extend this Letter of Credit

beyond its current expiration date. Partial drawings are permitted.

We shall honor drafts under and in compliance with the terms of this Letter of

Credit and these drafts will be duly honored upon presentation to us if presented on or

after the effective date of this Letter of Credit and before it expiration date or any

automatically extended date as provided in this Letter of Credit.

This Letter of Credit is governed by the laws of the State of Maryland and any

litigation relating to it shall be instituted in the courts of the State of Maryland.

We certify that this Letter of Credit is in accord with the format of Anne Arundel

County, Maryland, as of the date shown immediately below.

(Institution)_________________________

(Address, City, State)_________________

(Signature)__________________________

(Name and Title)_____________________

(Date)______________________________

Grading Letter Of Credit Template - Maryland Office Of Finance Page 2