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Tors Home Improvement Section 500 James Robertson Pkwy., Nashville, TN 37243 1150 RE: Irrevocable Letter of Credit No. Effective Date: Expiration Date: Board: You have requested of (Name of Lending Institution) that we establish an irrevocable letter of credit which will remain available to (Applicant) for use in conducting home improvement residential.

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Irrevocable Payment Instruction means an irrevocable payment instruction, in the form attached hereto as Exhibit D, executed or to be executed by the Loan Party that owns or leases and operates a Project and the Lender, pursuant to which such Loan Party shall irrevocably authorize and direct the applicable lender, ...

An irrevocable letter of credit provides security to both parties in a transaction: the buyer and the seller. The buyer won't pay anything until goods have been shipped or services have been performed, and the seller will get paid as long as all of the conditions in the letter are followed.

Irrevocable Instruction means the instruction to be delivered by the Beneficiary to the Issuing Bank in connection with each Issuance, substantially in the form of Exhibit D, subject to such future amendments or modifications as may be reasonably agreed by the Beneficiary and the Issuing Bank to accommodate changes in ...

An independent or Irrevocable Payment Undertaking (IPU), is a promise by the buyer to pay the financier the amount owed to the seller following the sale of goods or services and the creation of the receivables. It includes a waiver by the buyer of all defences against its obligation to pay the seller.

Standing Instruction means the irrevocable instructions, in writing, which shall be issued by the Borrower to the Lender, with which it has an account for payment of an amount equal to the EMIs.

(a) "Irrevocable letter of credit" (ILC), as used in this clause, means a written commitment by a federally insured financial institution to pay all or part of a stated amount of money, until the expiration date of the letter, upon presentation by the Government (the beneficiary) of a written demand therefor.

An irrevocable letter of credit cannot be canceled, nor in any way modified, except with the explicit agreement of all parties involved: the buyer, the seller, and the issuing bank. For example, the issuing bank does not have the authority by itself to change any of the terms of an ILOC once it is issued.

An independent or Irrevocable Payment Undertaking (IPU), is a promise by the buyer to pay the financier the amount owed to the seller following the sale of goods or services and the creation of the receivables. It includes a waiver by the buyer of all defences against its obligation to pay the seller.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232