Irrevocable Letter Of Credit Template (For Use With Coal Bonds) printable pdf download

Irrevocable Letter Of Credit Template (For Use With Coal Bonds)

SAMPLE

IRREVOCABLE LETTER OF CREDIT

(For use with Coal Bonds)

The

Bank of ___________________________

P.O. Box

LETTER OF CREDIT NUMBER:

, Colorado _______

_____________________________

Tel. ________________________

Amount U.S. $ _______________

Beneficiary:

Applicant: ___________________

STATE OF COLORADO

MINED LAND RECLAMATION BOARD (and United States of America/OSMRE for federal mines)

215 CENTENNIAL BUILDING

1313 SHERMAN STREET

DENVER, COLORADO 80203

Date of Issue:

Initial Expiration Date:

___________________

Gentlemen:

We hereby issue and establish our irrevocable letter of credit, the amount of which is available

by beneficiary's draft or drafts drawn upon us, which shall be paid at sight, when accompanied

by the following document:

A written statement of the Director ("the Director") of the Division of Reclamation,

Mining and Safety of the State of Colorado ("the Division") certifying that he is a duly

authorized official acting on behalf of the State of Colorado and that the amount of the

accompanying sight draft is due and payable to the State of Colorado pursuant to

applicable provisions of Colorado statutes governing mined land reclamation and that

Irrevocable Letter Of Credit Template (For Use With Coal Bonds)