Sentence examples for irrevocable letter from inspiring English sources

(2) Provides other security such as an irrevocable letter of credit or other form of security approved by CCC.

With the last in mind, says Groves, $785,000 has been deposited "under an irrevocable letter of credit" at a bank in New York City.

The New Jersey Devils gave Newark officials a $100 million irrevocable letter of credit yesterday to meet the requirements of the team's deal with the city to build a $310 million arena.

(f) A borrower, in lieu of such liens required by this section, may provide an irrevocable letter of credit, bond, or other form of security, as approved by CCC.

There he was instrumental in establishing both the first variable-rate demand bonds via a put agreement and the first conditional liquidity facility for a tax-exempt bond that was not an irrevocable letter of credit (known today as the standby bond purchase agreement).

If the trust has more than $2 million in assets, the U.S. trustee must be a bank or trust company or must put up a bond or irrevocable letter of credit worth 65% of the trust's fair market value.

Jawahar Chatpar, the chairman and chief executive of Cyber Digital, said the contracts required major payments before any work begins and were secured by irrevocable letters of credit from several banks, including the Nigerian branch of Citibank.

On Saturday, Mr Berlusconi upped the stakes by ordering the five PdL cabinet ministers to resign which they promptly did, writing "irrevocable" letters of resignation.

A spokesperson for Orbis said: "Although we believe the CWW management team has handled the bid process responsibly, we have declined to give an irrevocable undertaking or letter of intent to support the transaction".

Although we believe the CWW management team has handled the bid process responsibly, we have declined to give an irrevocable undertaking or letter of intent to support the transaction".

b) The irrevocable and unconfirmed letter of credit.