Examples of Standby Letter of in a sentence
Choose one) In accordance with B11.1, the Bidder encloses bid security in the form of: a bid bond (Form G1: Bid Bond and Agreement to Bond) an irrevocable standby letter of credit (Form G2: Irrevocable Standby Letter of Credit and Undertaking) a certified cheque or draft and agrees that it shall be held by the City in accordance with the Contract.
This Standby Letter of Credit may not be revoked or amended without your prior written approval.
A Tender Security in form of a Bank Guarantee or a Standby Letter of Credit issued on behalf of local bidders, should be from a commercial bank licensed by the Central Bank of Kenya.
A Tender Security in form of a Standby Letter of Credit issued on behalf of foreign bidders by foreign banks, should be confirmed by a commercial bank licensed by the Central Bank of Kenya.
A Performance Security in form of a Standby Letter of Credit issued on behalf of foreign bidders by foreign banks should be confirmed by a commercial bank licensed by the Central Bank of Kenya.
A Performance Security in form of a Bank Guarantee or a Standby Letter of Credit issued on behalf of local bidders, should be from a commercial bank licensed by the Central Bank of Kenya.
Choose one) In accordance with B13.1, the Bidder encloses bid security in the form of: a bid bond (Form G1: Bid Bond and Agreement to Bond) an irrevocable standby letter of credit (Form G2: Irrevocable Standby Letter of Credit and Undertaking) a certified cheque or draft and agrees that it shall be held by the City in accordance with the Contract.
Subject to the condition hereinafter set forth, this Standby Letter of Credit will expire on.(Date) It is a condition of this Standby Letter of Credit that it shall be deemed to be automatically extended from year to year without amendment from the present or any future expiry date, unless at least 30 days prior to the present or any future expiry date, we notify you in writing that we elect not to consider this Standby Letter of Credit to be renewable for any additional period.
Choose one) In accordance with B12.1, the Bidder encloses bid security in the form of: a bid bond (Form G1: Bid Bond and Agreement to Bond) an irrevocable standby letter of credit (Form G2: Irrevocable Standby Letter of Credit and Undertaking) a certified cheque or draft and agrees that it shall be held by the City in accordance with the Contract.
Choose one) In accordance with B10.1, the Bidder encloses bid security in the form of: a bid bond (Form G1: Bid Bond and Agreement to Bond) an irrevocable standby letter of credit (Form G2: Irrevocable Standby Letter of Credit and Undertaking) a certified cheque or draft and agrees that it shall be held by the City in accordance with the Contract.