Orange County NC Website
Attachment 1 <br /> Request to Amend to Standby Letter of Credit <br /> To : Truist Bank <br /> Greensboro, NC <br /> Attention : Letter of Credit and Trade Services <br /> Letter of Credit Number : <br /> _.....—.._................................................_...............I...... <br /> ( required ) <br /> Applicant hereby requests you to issue and transmit to the Beneficiary an amendment to your Letter of Credit referenced above, (the " Letter of <br /> Credit" ) issued pursuant to the Applicant's Application and Agreement for the Letter of Credit and any modifications and amendments thereof <br /> (the "Agreement" ) . It is understood that this amendment is subject to the beneficiary's consent. All other terms and conditions of the credit <br /> remain unchanged . <br /> ❑ Amend Applicant name and/or address : <br /> ❑ Amend Beneficiary name and/or address : <br /> - ._..—_.._......_....._....._.............................._..........- ----.............. <br /> ❑ Amend Expiration date to : ( MM/ DD/YY) <br /> _.......-..._ .............._........._ <br /> ® Increase amount by : $ 500, 000400 <br /> .........._..................... ......... _..._..` ......I._....... <br /> _._ <br /> ❑ Decrease amount by : <br /> —....._._.__......_.................... ...... <br /> ® To create a new total ( balance ) of: $ 1, 000, 000000 <br /> _..._......-......_-................__......................._........................................................ —.......... <br /> ❑ Other : <br /> The undersigned (jointly and severally) agrees that all terms and conditions of the Agreement, except as expressly <br /> amended hereby, shall be applicable to the Letter of Credit as amended and agrees to bear the cost of the relevant <br /> amendment processing fee of $ 150 . 00 and additional fees and commissions as applicable below . <br /> If this Amendment increases the amount of the letter of credit, the commission will be applied to the increased <br /> amount until the next billing period . <br /> If this Amendment extends the expiry of the letter of credit, the commission will be applied to the extended period . <br /> Commission . 50 % . If the commission rate calculates to less than $ 1, 000 for a period of one year on the <br /> full amount of the letter of credit, then the minimum charge of $ 1,000 will apply . <br /> If the commission rate is not completed, the commission will be charged at 3% or minimum$ 1,000, whichever is <br /> greater. <br /> * * * AMENDMENTS ARE SUBJECT TO BENEFICIARY AGREEMENT* * * <br /> If Applicable. <br /> Applicant Company Co-Applicant Company <br /> ( Obligor) name ORANGE COUNTY, NORTH CAROLINA (Account Party) name <br /> printed or typed : printed or typed : <br /> ......._......._......................._.___........_... _..__..........................................._......................... ...... ..........................-----..........—.__...........-- <br /> By : (Signature of By : ( Signature of <br /> Applicant ) Co Applicant) <br /> Name and title, /� �^ �j Name and title, printed <br /> printed or typed : /.. .�Ij�. _ `_ � � _. '1 vl...._....... . or typed : �_........... <br /> . _.............__....__............_ <br /> Date : ( MM/ DD/YY) �� t a Date : ( MM / DD/YY ) <br /> Page 2 to be completed by Truist Bank Relationship Manager <br /> Rev 8/23 Tuesday, May 13 , 2025 - 7 : 30 :49 AM Page 1/2 <br />