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Res 2005-127
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Res 2005-127
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8/27/2007 8:25:27 AM
Creation date
8/27/2007 8:22:51 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Contract
Number
2005-127
Date
9/20/2005
Volume Book
163
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<br />ANNEX B TO LETTER OF CREDIT <br /> <br />TRANSFER CERTIFICATE <br /> <br />[Date] <br /> <br />[Bank's Address] <br /> <br />Attention: <br /> <br />RE: Irrevocable Letter of Credit No. <br /> <br />Ladies and Gentlemen: <br /> <br />For value received, the undersigned Beneficiary hereby irrevocably transfers to: <br /> <br />[Name of Transferee] <br />[Address of Transferee] <br /> <br />all rights of the undersigned Beneficiary to draw under the above Letter of Credit in its entirety. <br /> <br />By this transfer, all rights of the undersigned Beneficiary in such Letter of Credit <br />are transferred to the transferee and the transferee shall have the sole right as the Beneficiary <br />thereof, including sole rights to any amendments whether increases or extensions or other <br />amendments and whether now existing or hereafter made. All amendments are to be advised <br />directly to the transferee without necessity of any consent of or notice to the undersigned <br />beneficiary . <br /> <br />Such transferee is a permitted transferee under such Letter of Credit. <br /> <br />The Letter of Credit is returned herewith, and we ask you to endorse the transfer <br />on the reverse thereof, and forward it directly to the transferee with your customary notice of <br />transfer. <br /> <br />SIGNATURE AUTHENTICATED <br /> <br />THE CITY OF SAN MARCOS, TEXAS <br /> <br />By: <br /> <br />(Bank) <br /> <br />Title: <br /> <br />(Authorized Officer) <br /> <br />A-5 <br />
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