52.228-14.dita

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dita/52.228-14.dita CHANGED
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  <p class="- topic/p " id="d3470e30">
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  <ph props="autonumber" class="- topic/ph ">(c)</ph>
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- The letter of credit shall be irrevocable, shall require presentation of no document other than a written demand and the ILC (including confirming letter, if any), shall be issued/confirmed by an acceptable federally insured financial institution as provided in paragraph (d) of this clause, and-</p>
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+ The letter of credit shall be irrevocable, shall require presentation of no document other than a written demand and the ILC (including confirming letter, if any), shall be issued/confirmed by an acceptable federally insured financial institution as provided in paragraph (d) of this clause, and&#8212;</p>
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  For contracts subject to <xref href="http://uscode.house.gov/browse.xhtml;jsessionid=114A3287C7B3359E597506A31FC855B3"
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- class="- topic/xref ">40 U.S.C. chapter 31</xref>, subchapter III, Bonds, the later of-</p>
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+ class="- topic/xref ">40 U.S.C. chapter 31</xref>, subchapter III, Bonds, the later of&#8212;</p>
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  For contracts not subject to <xref href="http://uscode.house.gov/browse.xhtml;jsessionid=114A3287C7B3359E597506A31FC855B3"
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- class="- topic/xref ">40 U.S.C. chapter 31</xref>, subchapter III, Bonds, the later of-</p>
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+ class="- topic/xref ">40 U.S.C. chapter 31</xref>, subchapter III, Bonds, the later of&#8212;</p>
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  <ph props="autonumber" class="- topic/ph ">(4)</ph>
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- The current rating for a financial institution is available through any of the following rating services registered with the U.S. Securities and Exchange Commission (SEC) as a Nationally Recognized Statistical Rating Organization (NRSRO). NRSRO’s can be located at the website <xref href="http://www.sec.gov/answers/nrsro.htm"
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+ The current rating for a financial institution is available through any of the following rating services registered with the U.S. Securities and Exchange Commission (SEC) as a Nationally Recognized Statistical Rating Organization (NRSRO). NRSRO's can be located at the website <xref href="http://www.sec.gov/answers/nrsro.htm"
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  format="html">http://www.sec.gov/answers/nrsro.htm</xref> maintained by the SEC.</p>
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  <tbody class="- topic/tbody ">
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  <row rowsep="0" class="- topic/row ">
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  <entry colname="1" class="- topic/entry ">
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- <p outputclass="Ctr" class="- topic/p ">_________________________________________________ [<i class="+ topic/ph hi-d/i ">Issuing Financial Institution’s Letterhead orNameandAddress</i>]</p>
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+ <p outputclass="Ctr" class="- topic/p ">_________________________________________________ [<i class="+ topic/ph hi-d/i ">Issuing Financial Institution's Letterhead orNameandAddress</i>]</p>
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- <p outputclass="NoIndent" class="- topic/p ">Account party’s name _______________________________</p>
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+ <p outputclass="NoIndent" class="- topic/p ">Account party's name _______________________________</p>
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- <p outputclass="NoIndent" class="- topic/p ">Account party’s address ______________________________</p>
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+ <p outputclass="NoIndent" class="- topic/p ">Account party's address ______________________________</p>
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  </row>
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  <entry colname="1" class="- topic/entry ">
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- <p outputclass="List2" class="- topic/p ">[<i class="+ topic/ph hi-d/i ">U.S. Government agency’s address</i>]</p>
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+ <p outputclass="List2" class="- topic/p ">[<i class="+ topic/ph hi-d/i ">U.S. Government agency's address</i>]</p>
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  </entry>
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  </tbody>
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  </tgroup>
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  </table>
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- <p class="- topic/p " id="d3470e170" outputclass="List1">1. We hereby establish this irrevocable and transferable Letter of Credit in your favor for one or more drawings up to United States $______. This Letter of Credit is payable at [<i class="+ topic/ph hi-d/i ">issuing financial institution’s and, if any, confirming financial institution’s</i>] office at [<i class="+ topic/ph hi-d/i ">issuing financial institution’s address and, if any, confirming financial institution’s address</i>] and expires with our close of business on ___________, or any automatically extended expiration date.</p>
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- <p class="- topic/p " id="d3470e178" outputclass="List1">2. We hereby undertake to honor your or the transferee’s sight draft(s) drawn on the issuing or, if any, the confirming financial institution, for all or any part of this credit if presented with this Letter of Credit and confirmation, if any, at the office specified in paragraph 1 of this Letter of Credit on or before the expiration date or any automatically extended expiration date.</p>
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+ <p class="- topic/p " id="d3470e170" outputclass="List1">1. We hereby establish this irrevocable and transferable Letter of Credit in your favor for one or more drawings up to United States $______. This Letter of Credit is payable at [<i class="+ topic/ph hi-d/i ">issuing financial institution's and, if any, confirming financial institution's</i>] office at [<i class="+ topic/ph hi-d/i ">issuing financial institution's address and, if any, confirming financial institution's address</i>] and expires with our close of business on ___________, or any automatically extended expiration date.</p>
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+ <p class="- topic/p " id="d3470e178" outputclass="List1">2. We hereby undertake to honor your or the transferee's sight draft(s) drawn on the issuing or, if any, the confirming financial institution, for all or any part of this credit if presented with this Letter of Credit and confirmation, if any, at the office specified in paragraph 1 of this Letter of Credit on or before the expiration date or any automatically extended expiration date.</p>
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  <p class="- topic/p " id="d3470e180" outputclass="List1">3. [<i class="+ topic/ph hi-d/i ">This paragraph is omitted if used as a bid guarantee, and subsequent paragraphs are renumbered</i>.] It is a condition of this Letter of Credit that it is deemed to be automatically extended without amendment for oneyear from the expiration date hereof, or any future expiration date, unless at least 60 days prior to any expiration date, we notify you or the transferee by registered mail, or other receipted means of delivery, that we elect not to consider this Letter of Credit renewed for any such additional period. At the time we notify you, we also agree to notify the account party (and confirming financial institution, if any) by the same means of delivery.</p>
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  <p class="- topic/p " id="d3470e185" outputclass="List1">4. This Letter of Credit is transferable. Transfers and assignments of proceeds are to be effected without charge to either the beneficiary or the transferee/assignee of proceeds. Such transfer or assignment shall be only at the written direction of the Government (the beneficiary) in a form satisfactory to the issuing financial institution and the confirming financial institution, if any.</p>
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  <p class="- topic/p " id="d3470e187" outputclass="List1">5. This Letter of Credit is subject to the Uniform Customs and Practice (UCP) for Documentary Credits, International Chamber of Commerce Publication No. _____________________ (Insert version in effect at the time of ILC issuance, e.g., "Publication 600, 2006 edition") and to the extent not inconsistent therewith, to the laws of _____________________ [State of confirming financial institution, if any, otherwise State of issuing financial institution].</p>
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- <i class="+ topic/ph hi-d/i ">[Confirming Financial Institution’s Letterhead or Name and Address</i>] ______________________________________________</p>
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+ <i class="+ topic/ph hi-d/i ">[Confirming Financial Institution's Letterhead or Name and Address</i>] ______________________________________________</p>
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- <p outputclass="NoIndent" class="- topic/p ">Issuing Financial Institution’s LC No.: __________________</p>
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+ <p outputclass="NoIndent" class="- topic/p ">Issuing Financial Institution's LC No.: __________________</p>
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  </entry>
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