Leasing of London///
Your Bank Guarantee Leasing Company
 

Refund Letter Bank Fees

Text may vary in substance but the essential undertaking must be maintained

 

 

Date: 00/00/2014
Transaction Code:

CLIENT NAME:

CLIENT ADDRESS:

 

Dear Sir,

 

Subject: Irrevocable Corporate Refund Undertaking

 

We hereby confirm with full corporate responsibility under penalty of perjury that we are ready, Willing and able to deliver a Fresh Cut BG or SBLC for total face value of $€00,000,000.00 (AMOUNT IN WORD) from our issuing BANK <Name & Address of BG /SBLC Issuing Bank>, as agreed in the Principal Agreement, to your bank coordinates with <ACCOUNT Name & ACCOUNT NUMBER of BG/SBLC FROM RECEIVING Bank>, within 48hours upon confirmation of your wire transfer of $€00,000.00 (AMOUNT IN WORD) being the BANK TRANSMISSION AND HANDLING CHARGES to deliver BY SWIFT MT799 FOLLOWED BY MT760 to your nominated bank account for authentication and verification before delivery of hard copy via bank bonded courier service to your bank address which is contained in our Principal Agreement. kindly re-confirm your receiving bank account informationbelow.

 

LESSEE’S Full Banking Co-ordinates to RECEIVE THE INSTRUMENT.
 

BANK NAME:
BANK ADDRESS:
ACCOUNT NAME:
ACCOUNT NUMBER:
BANK OFFICER:
SWIFT CODE:
 

We however, agree to refund immediately to you the $€00,000.00 (AMOUNT IN WORD) at the end of the transmission of mt760 WITHIN 7 BANKING DAYS AFTER payment of leasing fees as stated in the contract or you can adjust this amount while making the payment of lease fees. if our banker fails to deliver to your bank account the electronic copy of bg via swift mt760 with 72hours upon confirmation of your wire transfer payment for the bank transmission fees into our bank account stated below, we will immediately refund total amount paid for transmission fees into your bank account In ADDITION TO A the penalty for failure of performance being 1% of the total face value of BG.

 

We have given our corporate instruction to our issuing bank to refund the bank transmission fees by lodging a copy of this undertaking along with the contract. our issuing bank has endorsed this letter of undertaking as a token of their confirmation.

 

LESSOR’S Full Banking Coordinates for issuing instrument (ALSO FOR REFUND).

 

BANK NAME:
BANK ADDRESS:

ACCOUNT NAME:

ACCOUNT NUMBER:

SWIFT CODE:

 

LESSOR’S Full Banking Coordinates for receiving bank transmission fees.

BANK NAME:
BANK ADDRESS:

ACCOUNT NAME:

ACCOUNT NUMBER:

SWIFT CODE:

 

For and on behalf of:
 

LESSOR NAME and SIGNATURE

NOTARY OFFICER NAME SIGNATURE

 

LESSOR NAME and SIGNATURE

NOTARY OFFICER NAME SIGNATURE

 

 

 

 

 

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