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Document Preview Clean, Irrevocable and Unconditional Standby Letter of Credit |
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Title: |
Clean, Irrevocable and Unconditional Standby Letter of Credit |
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Entities: |
Western Financial Bank; Travelers Casualty and Surety Company of America; Wfs Financial Inc |
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Date: |
2004 |
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Size: |
Preview shows 2KB of 6KB total |
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Price: |
$35 |
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ID: |
#202781 |
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[WESTERN FINANCIAL BANK LOGO]
CLEAN, IRREVOCABLE AND UNCONDITIONAL
STANDBY LETTER OF CREDIT NO. 03-006
DATE: May 30, 2003
BENEFICIARY: APPLICANT:
Travelers Casualty and Surety Company of America, WFS Financial, Inc.
for itself, and on behalf of its affiliates and 23 Pasteur
subsidiaries Irvine, CA 92618
One Tower Square, H.O. Bond, 15 CZ
Hartford, CT 06183
Attention: Collateral processing, National Resources
H.O.Bond.15 CZ (Branch:____________Code:___________
AMOUNT: $776,000.00 U.S.D.
Seven Hundred Seventy Six Thousand and 00/100 U.S. Dollars
EXPIRY DATE: May 28, 2004 PARTIAL DRAWING(S): Permitted
EXPIRY PLACE: Western Financial Bank's Counter located in the Commercial
Banking Group, 15750 Alton Parkway, Irvine, CA 92618
We hereby establish this CLEAN, IRREVOCABLE AND UNCONDITIONAL LETTER OF
CREDIT ("Letter of Credit") in your favor as Beneficiaries (referred to
herein as "you" or "your") and authorize you to draw on us up to the
aggregate amount of SEVEN HUNDRED SEVENTY SIX THOUSAND AND 00/100 UNITED
STATES DOLLARS ($776,000.00) effective immediately. After this Letter of
Credit has been issued, it cannot be revoked, amended or reduced without
your written acknowledgment and consent.
The term "Beneficiaries" includes any successor by operation of law of the
named Beneficiaries including, without limitation, any liquidator,
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