Laserfiche WebLink
EXHIBIT C <br />SAMPLE LETTER OF CREDIT <br />BANK NAME <br />ADDRESS <br />IRREVOCABLE STANDBY LETTER OF CREDIT <br />Issue Date: <br />L/C No.: <br />Amount: USD $00,000 (00 Thousand Dollars and 00/100 United States Dollars) <br />Beneficiary: Applicant: <br />Verizon Communications Inc. <br />o/b/o (Subsidiary) <br />One Verizon Way <br />MC VC53S459 <br />Basking Ridge, NJ 07920-1097 <br />TO: <br />(Beneficiary) <br />We hereby establish this irrevocable standby Letter of Credit No. in your <br />favor, for an aggregate amount not to exceed the amount indicated above, expiring at (Name and <br />address of Bank), at our close of business on <br />This Letter of Credit is available with (Name of Bank,) against presentation of your draft <br />at sight drawn on (Name of Bank,) when accompanied by the documents indicated herein. <br />Beneficiary's dated statement purportedly signed by one of its officials reading as <br />follows: <br />"The amount of this drawing USD $ , under (Name of Bank) Letter of <br />Credit No. represents funds due us as (Name of Subsidiary) has failed to perform <br />its duties pursuant to the cable franchise granted by (Beneficiary) to (Name of Verizon <br />Subsidiary), dated , 2008." <br />It is a condition of this Irrevocable Letter of Credit that it shall be automatically extended <br />without amendment for additional one year periods from the present or each future expiration <br />date, but not beyond (a final date is inserted), unless at least 30 days prior to such date, we send <br />you notice in writing by overnight carrier or hand delivery at the above address that we elect not <br />to renew this Letter of Credit for such additional period. <br />