Common Contracts
1 similar Irrevocable Standby Letter of Credit contracts
ISSUER’S LETTERHEAD]Irrevocable Standby Letter of Credit • November 10th, 2020
For the account of ________________________________ [insert name of account party/customer] ("Account Party"), we ("Bank") hereby establish in favor of the Federal Home Loan Mortgage Corporation ("Freddie Mac") our Irrevocable Standby Letter of Credit No. _____________("Credit") in an aggregate stated amount of $_____________________ ("Stated Amount").
