1- 2 3. CONSTRUCTION LETTERS OF CREDIT. Purchaser and Seller hereby agree that Seller shall deliver to Escrow Holder one (1) business day prior to the Closing Date, letters of credit in the amount equal to the total of the "Undisbursed Balance of the...Purchase and Sale Agreement • June 19th, 1998 • Newhall Land & Farming Co /Ca/ • Land subdividers & developers (no cemeteries)
