Attachment D - Irrevocable Letter of Credit Sample~38.pdf
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- Solicitation number
- 24-422DNR-REALT-B-39252
- Issued by
- Monroe County, Illinois
About this file
This document is an Irrevocable Letter of Credit sample related to a state and local contract opportunity for agricultural farming services on State-owned property in Illinois. The letter of credit establishes a credit limit of up to an amount for cash rent and real estate taxes due under the contract. The credit is available via drafts accompanied by a signed statement certifying the amount owed by the contractor. The credit expires on December 31, 2024 for the 2024 cash rent and February 15, 2026 for the 2024 real estate taxes.
The related state and local contract opportunity is for agricultural farming services on State-owned property located within the Lowden-Miller State Forest in Ogle County, Illinois. The Illinois Department of Natural Resources is seeking bids for this 24AL2238 Lowden-Miller S.F. -Castle Rock S.P. Farm Lease opportunity. The contract term and any renewal options are not specified in the document provided.
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Text version
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 .