[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-277720-105":53,"doc-detail-277720-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","letter-of-credit-sample-irrevocable-standby-letter-of-credit","Letter of Credit Sample - Irrevocable Standby Letter of Credit","","Sample form for issuing an irrevocable standby letter of credit for project subdivision or improvement agreements. The template identifies beneficiary and applicant parties, sets effective and expiration dates, specifies the maximum credit amount, and details draw conditions for sight drafts. It addresses automatic renewal rules, limits partial drawings to at most monthly intervals, and includes terms on non-modification, dispute venue, prevailing-party costs, and applicability of UCP 500 (1993 Revision).",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/letter-of-credit-sample-irrevocable-standby-letter-of-credit/277720/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/letter-of-credit-sample-irrevocable-standby-letter-of-credit/277720.png","ImageObject",442,249,{"name":88,"@type":89},"Fahsai","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-31","2026-09-15",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",8,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"Who is listed as the beneficiary and who is the applicant in this letter of credit template?","Question",{"text":109,"@type":110},"The beneficiary is the City of Antioch, addressed to the Community Development Director, and the applicant is the entity that requests the letter of credit (to be filled in on the form).","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"What conditions must be met for the City of Antioch to draw funds under this irrevocable standby letter of credit?",{"text":114,"@type":110},"Funds are made available upon demand via sight drafts, accompanied by the specified signed letter indicating the applicant is in default of its obligations under the project approvals and agreements.",{"name":116,"@type":107,"acceptedAnswer":117},"How does the letter of credit handle renewal, modification, and disputes?",{"text":118,"@type":110},"The letter of credit is automatically extended in one-year periods unless notice of non-renewal is provided at least 60 days prior to expiration. It may not be modified without prior written consent of the City officials, and disputes use the Contra Costa County Superior Court in California with prevailing-party cost recovery including reasonable attorney’s fees.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},277720,1790175532,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":9},549768702563,"https://ap-avatar.wpscdn.com/avatar/8000c4aa63b76e948b?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786536092046926083","SAMPLE FORM  \nFOR LETTER OF CREDIT  \nFOR SUBDIVISION OR IMPROVEMENT AGREEMENTS  \n[On Bank’s Letterhead]  \nBENEFICIARY:  \nCity of Antioch  \nAttn: Community Development Director P.O. Box 5007  \nAntioch, CA 94531-5007  \nEffective Date:   \nExpiration Date:   \n[Letter of Credit shall be renewed automatically as set forth below and shall not expire any earlier than 45 days after the filing of Notice of Completion for the project]  \nAmount: $   \nAPPLICANT:  \n\n|  |\n| --- |\n|  |\n\nRE:  \nProject Name  \nIRREVOCABLE STANDBY LETTER OF CREDIT NO.    \nWe hereby establish our irrevocable Letter of Credit in favor of the City of Antioch for an amount not exceeding the aggregate  ($ ) U.S. dollars available by your drafts drawn at sight on us at  \n[Note: confirm a local bank authorized to do business in State of California]  \nand accompanied by the document specified below:  \nLetter signed by the Director of Public Works or City Engineer that the Applicant is in default of its obligations to faithfully perform the conditions of approval for the project and/or the terms of the agreement(s) set forth below, including but not limited to completion of certain improvements or work and obligations to subcontractors and suppliers under California statutes:  \n[Note: list applicable agreements here]  \nUpon demand, the funds in the above-designated amount, or such partial amount of said funds as are demanded, shall be made available to the City of Antioch.  \nPartial drawing on the funds established herein shall be permitted no more frequently than every calendar month.  \nThis Letter of Credit shall not expire until 45 days after the filing of a Notice of Completion and shall be automatically extended without amendment for additional periods of one year from the present or any future expiration date hereof unless sixty (60) days prior to any such date we shall notify the Director of Community Development and City Attorney by registered mail that we elect not to consider this Letter of Credit renewed for any such additional period. In the event of such election, the City of Antioch may automatically draw the full amount of the Letter of Credit, with no supporting documentation, and Bank will pay City of Antioch upon receipt of such draft.  \nThis Letter of Credit may not be modified without the prior written consent of the Director of Community Development and City Attorney.  \nThis issuer hereby agrees that in the event of any legal dispute relating to interpretation and enforcement of this irrevocable Letter of Credit, the prevailing party shall receive costs, including reasonable attorney’s fees, and venue shall be in the Contra Costa County Superior Court, State of California.  \nExcept so far as otherwise expressly stated, this credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision) of the International Chamber of Commerce Publication No. 500.  \n\n| Signature |\n| --- |\n| Print Name |\n| Title |\n| Name of Bank |\n| Address |\n\nPhone Number  \n[ NOTARIAL ACKNOWLEDGMENT]  \nPage 2 of 2","cbCaia7na04Rc8W3","https://ap.wps.com/l/cbCaia7na04Rc8W3","pdf",17288,"English","# Irrevocable Standby Letter of Credit - Parties and Dates\n## Beneficiary and Applicant\n## Effective and Expiration Rules\n# Draw Conditions and Renewal Provisions\n## Drafts at Sight and Required Accompanying Document\n## Partial Draw Frequency\n## Automatic Extension and Non-Renewal Notice\n# Legal Terms and Compliance\n## Modification Restrictions\n## Dispute Resolution and Venue\n## Governing Rules (UCP 500)\n# Signature and Notarial Acknowledgment","[{\"question\":\"Who is listed as the beneficiary and who is the applicant in this letter of credit template?\",\"answer\":\"The beneficiary is the City of Antioch, addressed to the Community Development Director, and the applicant is the entity that requests the letter of credit (to be filled in on the form).\"},{\"question\":\"What conditions must be met for the City of Antioch to draw funds under this irrevocable standby letter of credit?\",\"answer\":\"Funds are made available upon demand via sight drafts, accompanied by the specified signed letter indicating the applicant is in default of its obligations under the project approvals and agreements.\"},{\"question\":\"How does the letter of credit handle renewal, modification, and disputes?\",\"answer\":\"The letter of credit is automatically extended in one-year periods unless notice of non-renewal is provided at least 60 days prior to expiration. It may not be modified without prior written consent of the City officials, and disputes use the Contra Costa County Superior Court in California with prevailing-party cost recovery including reasonable attorney’s fees.\"}]","Letter of Credit Sample - Irrevocable Standby Letter of Credit | PDF",1789503360]