ML18206A726

Irrevocable Standby Letter of Credit for the Aerotest Radiography and Research Reactor (Redacted)

ML18206A726
Person / Time
Site:	Aerotest
Issue date:	07/18/2018
From:	Slaughter D Aerotest
To:	Document Control Desk, Office of Nuclear Reactor Regulation
Helvenston E, NRR/DLP, 415-4067
References
Download: ML18206A726 (2)

Text

AEROTEST OPERATIONS, INC.

3455 FOSTORIA WAY* SAN RAMON, CA 94583 * (925) 866-1212

• FAX (925) 866-1716 July 18, 2018 ATTENTION: Document Control Desk U.S. Nuclear Regulatory Commission White Flint North 11555 Rockville Pike Rockville, MD 20852-2738 AEROTEST RADIOGRAPHY AND RESEARCH REACTOR DOCKET NO. 50-228/LICENSE NO. R-98.

SUBJECT:

AEROTEST OPERATIONS, INC. - IRREVOCABLE STANDBY LETTER OF CREDIT FOR THE AEROTEST RADIOGRAPHY AND RESEARCH REACTOR Ladies and Gentlemen:

I formally comply with the NRC Letter (MLl 8054A077) dated March 8, 2018 by modifying the ARRR's letter of credit. The modification corrects two apparent substantive differences between Aerotest's irrevocable standby letter of credit, dated July 14, 2017, and RG 1.159. The changes (attached for completeness) by Aerotest were submitted to Bank of the West (BoW) for their acceptance. Subsequently, a new Letter of Credit has been issued and sent out to the parties.

Should you have any questions or require additional information regarding this submission, please contact AO President David M. Slaughter, Ph.D. at (801) 631 5919 or dmsraven@gmail.com I declare under penalty of perjury that the statements above are correct and truthful.

incerely yours,

~~

David M. Slaughter, Ph.D.

President and Reactor Admin.

Aerotest Operations, Inc.

Enclosure:

Application for LOC Amendment

. . BA .. NKT'lkWEST APPLICATION FOR AMENDMENT TO

• BNP PARIBAS COMMERCIAL / STANDBY LETTER OF CREDIT -

TO: BANK OF THE WEST . Please type application to ~.nsure Giobal Trade Operations legibility and accuracy: **

• City of Industry, Calirornia DATE: 7/13/18 PLEASE AMEND BY: 0SWIFT 181COURIER LETIER OF CREDIT . NO.

IN FAVOR OF: US NUCLEAR REGULATORY COMMISSION AS FOLLOWS:.

THIS LETTER OF CREDIT IS EFFECTIVE AS OF JULy 14, 2017 AND SHALL EXf>IRE ON JULY 14, 2018, AND SHALL BE DEEMED AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR ADDmONAL PERIODS'oi= .

oNE vEAR EAcH FROM Tl-IE quRReN:r ExP1RAr10~ oATE aR ANY FUTURE.AN~1veRsARy oi= sucH*.

DATE, UNLESS.AT LEAST NINETY (90) DAYS PRIOR TO THE EXPIRY DATE OR ANY EXPIRY DATE .

ANNIVERSARY WE SEND WRITTEN NOTICE BY CERTIFIED MAIi. OR COURIER SERVICE TO BOTH THE.

BENEFICIARY AND APPLICANT AT THE ABOVE ADDRESSES. IF WE ELECT NOTTO CONSIDER THIS . . .

LETTER OF CREDiT EXTENDED FOR ANY SUCH ADDITIONAL PERIOD AND AEROTEST OPERATIONS; INC._ .

IS UNABLE TO SECURI: .\LTERNATIVE FINANCl~L A~SURANCE ro REPLAC_E THIS LETTER ()f CREDIT

. WITHIN 30 DAYS OF NOTIFICATION OF CANCELLATION, THE NRC MAY DRAW UPON THE FULL AVAli..ABLE AMOUNT.OF THIS LETTER OF CREDIT PRiOR .TO CANCELLATION TO THE EXTENT THE

• PRov1.s10Ns OF 31 u~s. c::. 3302(B)wouLo Nc:>T BE APPLl9ABLE: * * * * * * * ** *

. WE SHALL GIVE IMMEDIATE NOTICE TO THE APPLICANTANDTHEUS NRC OF ANY'NOTIC::E RECEIVE!) ()R ACTION FILED. ALLEGING (1) THE INSOLVENC:Y OR E!ANKRUPTCY OF TI-IE FiNANCIAL INSTtnJTION OR (2).

ANY VIOLATIONS OF REGULATORY REQUIREMENTS THAT COULD RESULT IN SUSPENSION OR * .

REVOCATION OF THE BANK'S CHARTER Ol(LICENSE TO DO BUSINESS'. WE ALSO SHALL '.GtvE . ..

IMMEDIATE NOTICE IF WE; FOR ANY REASON, BECOME UNAESLE TO FULFILL OUR. OBLIGATION UNDER THE LETTER OF CREDIJ. .. . . *. .. . ... .. . . . . . . . . .. . . ,

This amendment is subject to acceptance by the beneficiitry~ .All other terms ancl conditions oiihe

. letter of.credit an.d our Application and Agreementfor L~tte~ of Credit remain u~changed. . .. . . . . . .

~~= ~ ..

AppHcant Na*** me:.AERO=JERAftONS~~

Authorized Signature . . *

• ~Titie: PRESIDENT BANK OF THE WEST: * . ..

Officer Name: RON TIMM Officer Signature: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _,__.,, Tille:_VP SBRM GROUP Cost Center No:_._. Branch/ Unit Name:_._._-

Mail Sort: .*

Phone Number: (303) 846-8960 Fax No~:. (402) 445-6993 075-40005 Application .for Amendment . ' ... to Commercial I Standby Letter

. of Credit (Rev 06i2017)

.