Ill. Admin. Code tit. 35, pt. 848, subpt. G, app A, ILLUSTRATION C
Director
Illinois Environmental Protection Agency
c/o Bureau of Land #24
Financial Assurance Program
1021 North Grand Ave. East
PO Box 19276
Springfield IL 62794-9276
Dear Sir or Madam:
We hereby establish our Irrevocable Standby Letter of Credit No. _________________________ in your favor, at the request and for the account of ______________________________ up to the aggregate amount of _____________________________ U.S. dollars ($ ___________), available upon presentation of
This letter of credit is effective as of _______________________ and shall expire on _________________________, but such expiration date shall be automatically extended for a period of ________________________ on ________________________ and on each successive expiration date, unless, at least 120 days before the current expiration date, we notify both you and ____________________________________________________________ by certified mail that we have decided not to extend this letter of credit beyond the current expiration date. In the event you are so notified, any unused portion of the credit shall be available upon presentation of your sight draft for 120 days after the date of receipt by both you and ____________________________________ as shown on the signed return receipts.
Whenever this letter of credit is drawn on under and in compliance with the terms of this credit, we shall duly honor such draft upon presentation to us, and we shall deposit the amount of the draft directly into the standby trust fund of _________________ in accordance with your instructions.
We certify that the wording of this letter of credit was not altered or modified in any way other than as intended to complete the letter of credit.
Signature
______________________________________________________________________
Name
______________________________________________________________________
Title
______________________________________________________________________
Date
______________________________________________________________________
Name and address of issuing institution
______________________________________________________________________
______________________________________________________________________
This credit is subject to
______________________________________________________________________
______________________________________________________________________
Ill. Admin. Code tit. 35, pt. 848, subpt. G, app A, ILLUSTRATION C