State Comptroller Approval Sample Clauses

State Comptroller Approval. In accordance with Section 112 of the New York State Finance Law, this Agreement shall not be valid, effective or binding upon the Authority until it has been approved by the State Comptroller and filed in his office. The Bank of New York Mellon, as Issuing and Paying Agent Ladies and Gentlemen: Reference is hereby made to the Irrevocable Letter of Credit No. dated March 14, 2022 (the “Letter of Credit”), established by Bank of America, N.A. in your favor as Issuing and Paying Agent. We hereby notify you that, in accordance with the terms of the Letter of Credit and the Reimbursement Agreement dated as of March 1, 2022, between the Long Island Power Authority and Bank of America, N.A., the Stated Expiration Date (as defined in the Letter of Credit) has been extended to March 10, 2028. This letter constitutes an amendment to the Letter of Credit and should be attached to the Letter of Credit and made a part thereof. By: Name: Title: This FEE ANNEX forms part of the Reimbursement Agreement dated as of March 1, 2022, as amended (as from time to time may be further amended, supplemented, modified or restated, the “Agreement”), between the LONG ISLAND POWER AUTHORITY, a corporate municipal instrumentality of the State of New York (the “Authority”) and Bank of America, N.A. (together with its successors and assigns, the “Bank”), relating to the Authority’s $100,000,000 Electric System General Revenue Notes, Series 2015 GR-5. The purpose of this Fee Annex is to confirm the agreement between the Bank and the Authority with respect to the Letter of Credit Fees (as defined below) and certain other fees payable by the Authority to the Bank in connection with the Agreement. This Fee Annex and the Agreement are to be construed as one agreement between the Authority and the Bank, and all obligations hereunder are to be construed as obligations thereunder. All references to amounts due and payable under the Agreement will be deemed to include all amounts, fees and expenses payable under this Fee Annex. This Fee Annex is the Fee Annex referenced in the Agreement and the terms of this Fee Annex are incorporated by reference into the Agreement.