Common Contracts

APPLICATION AND AGREEMENT FOR STANDBY LETTER OF CREDIT

Standby Letter of Credit Agreement • April 22nd, 2021 • North Carolina

• Contract Type
  Standby Letter of Credit Agreement
• Filed
  April 22nd, 2021
• Jurisdiction
  North Carolina

FOR BANK USE ONLY Letter of Credit No. Variable Interest Rate:Interest shall accrue at the variable rate of percentage points above the highest Prime Rate as published from time to time in the Money Rates table of The Wall Street Journal. Annual Commission: An amount equal to 1.50% percent of the face amount of the Credit or $375.00, whichever is greater.