Irrevocable Standby Letter Of Credit Template printable pdf download

Irrevocable Standby Letter Of Credit Template

IRREVOCABLE STANDBY LETTER OF CREDIT

NUMBER:_________

ISSUANCE DATE: _________, 20__

APPLICANT:

____________________________,

A FLORIDA __________________

BENEFICIARY:

CITY OF ORLANDO, FLORIDA

400 SOUTH ORANGE AVENUE

ORLANDO, FLORIDA 32801

ATTN: PERMITTING SERVICES

CITY HALL, GROUND FLOOR

FOR USD $25,000

(TWENTY FIVE THOUSAND AND 00/100 U.S. DOLLARS)

DATE OF EXPIRATION: _________________ [Automatic Annual Renewal]

PLACE OF EXPIRATION: OUR COUNTERS

We hereby establish and open our Irrevocable Standby Letter of Credit No. ______ (the

“Letter of Credit”) in favor of the City of Orlando, Florida (the “Beneficiary”) for the account of

our customer, ______________________, a Florida ______________ (the “Applicant”), available

after the date hereof, by a draft drawn on _____________ National Bank payable at sight at

_____________________________, Orlando, Florida [Zip], for any sum of money not to exceed

Twenty Five Thousand and 00/100 United States Dollars ($25,000.00) (the “Stated Amount”),

when presented with the following documents:

The original of this Letter of Credit and any amendments thereto.

Draft drawn on ______________ National Bank marked “Drawn Under Irrevocable

Standby Letter of Credit Number ________, issued by ___________ National Bank

dated ________________, 20__".

A certificate executed by the Beneficiary stating:

a. The Applicant, as a Registered Communications Services Provider placing or

maintaining communications facilities in the public rights-of-way, has failed to

comply with or is otherwise in violation of one or more of the provisions of the

Orlando Communications Right-of-Way Utilization Ordinance (Chapter 23 of the

Orlando City Code).

b. All applicable curative or grace periods available to Applicant have expired.

Irrevocable Standby Letter Of Credit Template