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Standby Letter Of Credit Sample. [insert name of issuing bank] (the “issuer”) hereby issues this irrevocable standby letter of credit (the “credit”) for the account of phoenix footwear group, inc. (the “beneficiary”) under the stock purchase agreement dated december 29, 2007 between applicant and beneficiary (the “stock purchase agreement”).
In consideration of the issuance by citibank, n.a. Agreement for standby letter of credit (this “agreement”). Sample standby letter of credit.
Sample standby letter of credit.
Agreement for standby letter of credit (this “agreement”). The standby letter of credit is abbreviated as sloc or sblc. Standby letter of credit (sblc) is different from commercial lc (clc) in the following aspects: Having a subject matter, clearly indicating what is the reason behind this letter.