sábado, 12 de março de 2011

ON IRREVOCABLE STANDBY LETTER OF CREDIT



[Date]

Pay to the order of Rural Utilities Service, the sum of [amount in words] and [00]/100 dollars ($000,000.00), drawn on [Bank’s Name], the issuer of the above-mentioned irrevocable standby Letter of Credit, dated [insert date of issuance of Letter of Credit].

Rural Utilities Service

By:__________________________
       Name:
       Position:


CERTIFICATE

The undersigned hereby certifies that he/she is authorized to execute this certificate on behalf of the United States of America, acting through the Rural Utilities Service, the Beneficiary under that certain irrevocable standby Letter of Credit No. [00000], issued by [Bank’s Name].  The Beneficiary, as Lender, is entitled to draw the amount stated above pursuant to the terms of the Loan Agreement (as defined in the Letter of Credit).

Rural Utilities Service

By:__________________________
       Name:
       Position:

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