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Last modified
10/1/2024 4:28:45 PM
Creation date
10/28/2021 4:12:07 PM
Metadata
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Contracts
Company Name
REPUBLIC SERVICES
Contract #
A-2021-171
Agency
Public Works
Council Approval Date
8/17/2021
Expiration Date
6/30/2032
Insurance Exp Date
6/30/2025
Destruction Year
2037
Notes
For Insurance Exp. Date see Notice of Compliance
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S MB C SMBC Group <br /> SUMITOMO MITSUI BANKING CORPORATION <br /> 277 Park Avenue <br /> New York.NY 10172,U.S.A. <br /> I (STATE NAME AND TITLE) HEREBY CERTIFY THAT I AM AN AUTHORIZED OFFICER OF CITY <br /> OF SANTA ANA AUTHORIZED TO EXECUTE THIS STATEMENT AND DEMAND PAYMENT OF USD <br /> [AMOUNT NUMBERS] ([AMOUNT IN WORDS]) UNDER SUMITOMO MITSUI BANKING <br /> CORPORATION, NEW YORK BRANCH STANDBY LETTER OF CREDIT NO. LG/MIS/NY-278445. I <br /> FURTHER CERTIFY THAT REPUBLIC WASTE SERVICES OF SOUTHERN CALIFORNIA, LLC HAS <br /> FAILED TO PERFORM OBLIGATIONS UNDER AGREEMENT/ CONTRACT BETWEEN CITY OF <br /> SANTA ANA AND REPUBLIC WASTE SERVICES OF SOUTHERN CALIFORNIA, LLC FOR <br /> COLLECTION AND HANDLING OF SOLID WASTE GENERATED, PRODUCED AND/OR <br /> ACCUMULATED IN THE CITY OF SANTA ANA DATED August 17, 2021 MADE BETWEEN REPUBLIC <br /> WASTE SERVICES OF SOUTHERN CALIFORNIA, LLC AND CITY OF SANTA ANA. <br /> 3) THE ORIGINAL OF THIS LETTER OF CREDIT FOR ENDORSEMENT AND ALL AMENDMENTS, <br /> IF ANY. <br /> PRESENTATION OF ANY DRAWINGS MAY BE MADE BY HAND-DELIVERY, OVERNIGHT COURIER <br /> SERVICE, OR CERTIFIED OR REGISTERED MAIL. <br /> ALL BANK CHARGES UNDER THIS IRREVOCABLE STANDBY LETTER OF CREDIT ARE FOR THE <br /> APPLICANT, <br /> WE HEREBY ENGAGE WITH THE BENEFICIARY THAT DOCUMENTS DRAWN UNDER AND IN <br /> COMPLIANCE WITH THE TERMS OF THIS CREDIT WILL BY DULY HONORED UPON <br /> PRESENTATION AS SPECIFIED AT OUR OFFICE LOCATED AT SUMITOMO MITSUI BANKING <br /> CORPORATION, NEW YORK BRANCH, AT 277 PARK AVENUE, NEW YORK, NY 10172, ATT: TRADE <br /> CREDIT SERVICES DEPARTMENT ON OR PRIOR TO OUR CLOSE OF BUSINESS (5 P.M. NEW YORK <br /> CITY TIME) ON OR BEFORE JULY 11, 2025 OR ANY AUTOMATICALLY EXTENDED DATE HEREIN. <br /> THIS STANDBY LETTER OF CREDIT SHALL EXPIRE ON JULY 11, 2025; HOWEVER, IT IS A <br /> CONDITION OF THIS STANDBY LETTER OF CREDIT THAT IT SHALL BE DEEMED <br /> AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR SUCCESSIVE ONE YEAR PERIODS <br /> FROM THE PRESENT OR ANY FUTURE EXPIRATION DATE, UNLESS AT LEAST THIRTY (30) DAYS <br /> PRIOR TO EXPIRATION DATE WE SEND YOU NOTICE BY OVERNIGHT COURIER SERVICE THAT <br /> WE ELECT NOT TO EXTEND THIS LETTER OF CREDIT FOR ANY SUCH ADDITIONAL PERIOD, <br /> SAID NOTICE WILL BE SENT TO THE ADDRESS INDICATED ABOVE, UNLESS A CHANGE OF <br /> ADDRESS IS OTHERWISE NOTIFIED BY YOU TO US IN WRITING BY RECEIPTED MAIL OR <br /> COURIER. ANY NOTICE TO US WILL BE DEEMED EFFECTIVE ONLY UPON ACTUAL RECEIPT BY <br /> US AT OUR DESIGNATED OFFICE. <br /> NOTWITHSTANDING THE FOREGOING, THIS IRREVOCABLE STANDBY LETTER OF CREDIT <br /> SHALL NOT BE TERMINATED, CANCELED, OR MODIFIED, EXCEPT WITH THE EXPLICIT WRITTEN <br /> CONSENT OF THE APPLICANT, BENEFICIARY, AND ISSUING BANK. <br /> L/C No. LG/MIS/NY-278445 Page 2 of 3 <br />
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