ML18277A196

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Amendment to Standby Letter of Credit (Redacted)
ML18277A196
Person / Time
Site: Aerotest
Issue date: 07/17/2018
From:
Bank of the West
To: Edward Helvenston
Research and Test Reactors Licensing Projects Branch
Helvenston E, NRR/DLP, 415-4067
References
Download: ML18277A196 (1)


Text

II BANIGlf~WEST

. BNP,PARIBAS DATE: 07/17/2018 BANK OF THE WEST GLOBAL TRADE OPERATIONS 13300 CROSSROADS PKWY N.

CITY OF INDUSTRY, CA 91746 SC-XRD-2W-G SWIFT: BWSTUS66LAX AMENDMENT TO STANDBY LETTER OF CREDIT IN ALL CORRESPONDENCE PLEASE QUOTE OUR CREDIT REFERENCE NUMBER.

STANDBY L/C NO.:

AMENDMENT REF. NO.:

ISSUED DATE:

BENEFICIARY:

AMD001 07/14/2017 US NUCLEAR REGULATORY COMMISSION WASHINGTON, DC 20555 APPLICANT:

AEROTEST OPERATIONS, INC.

3455 FOSTORIA WAY SAN RAMON, CA 94583 THE ABOVE STAND~Y LETTER OF CREDIT HAS BEEN AM~NDED AS FOLLOWS:

THIS LETTER OF CREDIT IS EFFECTIVE AS OF JULY 14, 2017 AND SHALL EXPIRE ON JULY 14, 2018, AND SHALL BE DEEMED AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR ADDITIONAL PERIODS OF ONE YEAR EACH FROM THE CURRENT EXPIRATION DATE OR ANY FUTURE ANNIVERSARY OF SUCH DATE, UNLESS AT LEAST NINETY (90)

DAYS PRIOR TO THE EXPIRY DATE OR ANY EXPIRY DATE ANNIVERSARY WE SEND WRITTEN NOTICE BY CERTIFIED MAIL OR COURIER SERVICE TO BOTH THE BENEFICIARY AND APPLICANT AT THE ABOVE ADDRESSES. IF WE ELECT NOT TO CONSIDER THIS LETTER OF CREDIT EXTENDED FOR ANY SUCH ADDITIONAL PERIOD AND AEROTEST OPERATIONS, INC. IS UNABLE TO SECURE ALTERNATIVE FINANCIAL ASSURANCE TO REPLACE THIS LETTER OF CREDIT WITHIN 30 DAYS OF NOTIFICATION OF CANCELLATION, THE NRC MAY DRAW UPON THE FULL AVAILABLE AMOUNT OF THIS LETTER OF CREDIT PRIOR TO CANCELLATION TO THE EXTENT THE PROVISIONS OF 31 U.S.C.

3302(8) WOULD NOT BE APPLICABLE.

WE SHALL GIVE IMMEDIATE NOTICE TO THE APPLICANT AND THE US NRC OF ANY NOTICE RECEIVED OR ACTION FILED ALLEGING (1) THE INSOLVENCY OR BANKRUPTCY OF THE FINANCIAL INSTITUTION OR (2) ANY VIOLATIONS OF REGULATORY REQUIREMENTS THAT COULD RESULT IN SUSPENSION OR REVOCATiON OF THE BANK'S CHARTER OR LICENSE TO DO BUSINESS. WE ALSO SHALL GIVE IMMEDIATE NOTICE IF WE, FOR ANY REASON, BECOME UNABLE TO FULFILL OUR OBLIGATION UNDER THE LETTER OF CREDIT.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. THIS IS THE OPERATNE INSTRUMENT WHICH FORMS AN INTEGRAL PART OF STANDBY LETTER OF CREDIT NO.

AND IS TO BE ATTACHED THERETO.

AUTHORIZED SIGNATURE GLOBAL TRADE OPERATIONS TEAM NO 02 GLOBAL TRADE OPERATIONS TEAM NO 02 Page 1 of 1