HomeMy WebLinkAboutUS Bank Letter of Credit - SLCPPDX038121 - Exp. 10/5/2007bank.
Five Star Servire Guaranteed *
U.S. BANK NATIONAL ASSOCIATION
INTERNATIONAL DEPT. PD- OR -TSCE, SUITE 500
111 SW FIFTH AVENUE, PORTLAND, OR 97204
P.O. BOX 6979, PORTLAND, OR 97228 -6979
04/12/07
SWIFT: USBKUS 44PDck
TELEX: TRT 192179
TOLL FREE:866- 359 -2503
FAX: 503 - 275 -5132
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IRREVOCABLE STANDBY LETTER OF CREDIT
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BENEFICIARY: APPLICANT:
TOWN OF VAIL CROSSROADS REDEVELOPMENT, LLC
75 SOUTH FRONTAGE ROAD WEST 143 E. MEADOW DRIVE NO. 300
VAIL, CO 81657 VAIL, CO 81657
LETTER OF CREDIT NUMBER: SLCPPDX03821
EXPIRY DATE: OCTOBER 5, 2007
AT: ISSUING BANK'S INTERNATIONAL BANKING COUNTERS
LOCATED AT THE ADDRESS LISTED ABOVE.
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AMOUNT: USD 93,125.00
(NINETY THREE THOUSAND ONE HUNDRED TWENTY -FIVE AND N01100 U.S. DOLLARS)
WE HEREBY ISSUE THIS IRREVOCABLE STANDBY LETTER OF CREDIT AVAILABLE
BY PAYMENT BY DRAFT(S) DRAWN AT SIGHT ON U.S. BANK NATIONAL
ASSOCIATION AND ACCOMPANIED BY THE FOLLOWING DOCUMENTS:
A STATEMENT ISSUED AND SIGNED BY THE BENEFICIARY CERTIFYING AS FOLLOWS:
CROSSROADS REDEVELOPMENT, LLC HAS FAILED TO COMPLETE ALL IMPROVEMENTS
TO THE LANDSCAPING, GRADING, AND RESOILING AT THE CROSSROADS COMPLEX
IN VAIL, COLORADO.
SPECIAL CONDITIONS:
THIS ORIGINAL LETTER OF CREDIT MUST ACCOMPANY THE DRAWING.
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PURSUANT TO U.S. LAW WE ARE PROHIBITED FROM ISSUING, TRANSFERRING,
ACCEPTING OR PAYING LETTERS OF CREDIT TO ANY PARTY OR ENTITY IDENTIFIED
BY THE OFFICE OF FOREIGN ASSETS CONTROL, U.S. DEPT OF TREASURY, OR
SUBJECT TO THE DENIAL OF EXPORT PRIVILEGES BY THE U.S. DEPT. OF COMMERCE.
DRAFTS DRAWN UNDER THIS CREDIT MUST BEAR THE CLAUSE: "DRAWN UNDER U.S.
BANK NATIONAL ASSOCIATION IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER
SLCPPDX03821."
** *THIS PAGE O1 FORMS AN INTEGRAL PART OF CREDIT SLCPPDX03821 * **
bank,
Five Star Service Guaranteed
THIS CREDIT IS SUBJECT TO "THE UNIFORM CUSTOMS AND PRACTICE FOR
DOCUMENTARY CREDITS" (1993 REVISION) INTERNATIONAL CHAMBER OF COMMERCE
PUBLICATION NO. 500.
WE HEREBY ENGAGE WITH YOU THAT DRAFT(S) DRAWN AND /OR DOCUMENTS PRESENTED
AND NEGOTIATED UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS
IRREVOCABLE STANDBY LETTER OF CREDIT WILL BE DULY HONORED UPON
PRESENTATION TO US.
U.S. BANK NATIONAL ASSOCIATION
A MEMBER OF THE FEDERAL RESERVE SYSTEM
ST DBY LET RS OF CREDIT
** *THIS PAGE 02 FORMS AN INTEGRAL PART OF CREDIT SLCPPDX03821 * **