Common Contracts
1 similar Irrevocable Letter of Credit contracts
Irrevocable Letter of CreditIrrevocable Letter of Credit • October 10th, 2020
By the order of our client, enXco Development Corporation (“Applicant”), 700 La Terraza Boulevard, #200, Escondido, CA 92025, and for the account of EDF Energies Nouvelles (“Account Party”), we, Credit Industriel et Commercial, 520 Madison Avenue, New York, NY 10022 (“Issuer”), hereby issue our Irrevocable Letter of Credit No. ____________ in favor of Nobles County Administration (“Beneficiary”), 315 10th Street, PO Box 757 (for US Mail), Worthington, Minnesota 56187-0757, for an amount not to exceed USD Three Million Three Hundred Thousand Dollars ($3,300,000), pursuant to that certain Development Agreement (Nobles Project) dated as of May 4, 2010 (“Agreement”), between Applicant and Beneficiary. This Letter of Credit shall become effective on May 19, 2010 and shall expire no later than May 19, 2011.
