Attachment D - Irrevocable Letter of Credit Sample~32.pdf
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- Attached to
- 24AL2397 Union County S. F. W. A. Farm Lease
- Solicitation number
- 24-422DNR-REALT-B-39244
- Issued by
- Tazewell County, Illinois
About this file
The document is an Irrevocable Letter of Credit Sample provided as an attachment for the State of Illinois IFB Contract: Rate of Chemical and Fertilizer Forms V.23.4. The letter establishes an irrevocable letter of credit for the account of up to $XXX for 2024 cash rent and an estimated $XXX for 2024 real estate taxes due in 2025, with expiration dates of December 31, 2024 and February 15, 2026 respectively. The letter of credit is made available to the State of Illinois Department of Natural Resources Office of Realty & Capital Planning/Concession & Leasing.
The related state and local contract opportunity is for agricultural farming services on State-owned property located within the Union County State Fish and Wildlife Area in Illinois. The Illinois Department of Natural Resources is seeking bids for this contract, with detailed location and acreage information provided in the attached Invitation for Bid (IFB).
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Attachment D Irrevocable Letter of Credit “Sample”
State of Illinois IFB Contract: Rate of Chemical and Fertilizer Forms V.23.4
State of Illinois Department of Natural Resources Office of Realty & Capital Planning/Concession & Leasing One Natural Resources Way Springfield, IL 62702
RE: Irrevocable Letter of Credit Number:
Date:
Expiration Date:
Gentlemen:
We hereby establish in your favor our Irrevocable Letter of Credit No. for the following specific payment:
1. The sum of \ cash rent.
2. Up to the sum of for Real Estate Taxes, penalties and interest.
We hereby authorize you to draw on us for the account of up to an amount of with an expiration date of December 31, 2024, for the 2024 CASH RENT and an estimated amount of with an expiration date of February 15, 2026 for the 2024 REAL ESTATE TAXES due and payable in 2025.
Available by your draft(s) at sight accompanied by the following documents:
1. Your signed statement certifying "The amount drawn represents sums owed by
2. Draft(s) drawn under this credit must be marked:
Drawn under the Bank Letter of Credit No. dated , 202 .
We hereby agree with you that all draft(s) drawn under and in compliance with the terms of this credit will be duly honored on delivery of documents as specified if presented at this office on or before December 31, 2024, for the 2024 CASH RENT and payments on or before February 15, 2026 for the 2024 REAL ESTATE TAXES due and payable in 2025.
Sincerely,
| Items that Qualify and Explanation: Click here to enter text |
| ACCEPTABLE SERVICES IN LIEU OF CASH PAYMENTS |
File details come from the government source that posted it. Updated .