nevertheless named or described, whereby a financial institution christmas time coors light all over printed ugly christmas sweater (the “Issuer”), acting on the request and on the directions of a buyer (the “Applicant”), or on its own behalf,
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may be increased or lowered commensurate with the change in risk that has occurred. The face amount may be modified by an amendment to the letter of credit. christmas time coors light all over printed ugly christmas sweater Alternatively, the letter of credit could comprise an categorical provision for change by a specified or determinable quantity or quantities on a specified date or dates or upon presentation of the doc specified for this purpose corresponding to an interim certificates of completion. three.four A letter of credit score described on this part may be accepted as an alternative choice to bid or contract security for all contracts. 3.2 An irrevocable letter of credit which is issued by
a financial institution (the “Issuer”) which is not a member of the Canadian Payments Association is appropriate supplied it is confirmed by a monetary establishment (the “Confirmer”) that could be a member of the Canadian Payments Association and is in any other case in compliance with this coverage. 1.three A contract help letter of credit is a letter of credit pursuant to which demand may be made if the contractor, having entered into a contract with the Crown, does not perform the contract in accordance with the phrases and conditions of that contract. 1.2 A bid support letter of credit score is a letter of credit pursuant to which demand may be made if the proposed contractor refuses or fails to enter into a written contract in accordance with the phrases and conditions of the bid or fails to offer the required contract security. 1.1 For the purpose of this coverage, a standby letter of credit (hereinafter known as “letter of credit score”) means any arrangement,
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