ML20055J254
| ML20055J254 | |
| Person / Time | |
|---|---|
| Site: | 05000054, 07000687 |
| Issue date: | 07/25/1990 |
| From: | Mary Johnson CINTICHEM, INC. |
| To: | Weiss D NRC OFFICE OF THE CONTROLLER |
| Shared Package | |
| ML20055J255 | List: |
| References | |
| NUDOCS 9008010254 | |
| Download: ML20055J254 (4) | |
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- CINTICHEM, INC.
l a whoHy owred subsidieny of Medi-Physics, Inc.
P.O. BOX B16 TUXEDO, NEW YORK 10987
[914] 351-2131 I
July 25, 1990 Mr. Douglas Weiss Licensee Fee Management Branch-Division of Accounting and Finance Office of Administration and Resource' Management U. S. Nuclear Regulatory' Commission Washington, DC 20555
Dear Mr. Weiss:
i Enclosed is Cintichem check number 82014467 dated June 22, 1990, for the amount of $150.00.
This check is forwarded to cover Cintichem's Decommissioning-Report / Funding Plan submittcl..
A copy of this letter is included in the Decommissioning Report / Funding Plan.
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'e Sincerely,
/-
WM Michae D. Johnson.
Reactor Supervisor Enclosure pg8010254 900725 p
ADOCK 05000o34 PLC MDJ/076.90D
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CERTIFICATION OP ACKNOWLEDGMENT i
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a State of New Jersey County of Essex on this 25th day of July, 1990, before me. personally came William Hennrich and John Taylor to me known, who being duly sworn, did depose and say that they have an-office at 340 Kingsland Street, Nutley, New Jersey, 07110, that they are, respectively, Treasurer and Assistant Treasurer and Controller of the Grantor, the corporation described in and which' executed the Trust Agreement i
.in accordance with regulations issued under the authority of the U.S. Nuclear Regulatory Commission; that.he knows the seal of said corporation; that.the seal affixed to such instruments is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation, and that they signed their names thereto by like order.
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'% PUBLIC $ NEW JERSEY s geommissiellteiros12/28/92 fc
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L.e Soceiw de Banque Suisse 8
SOC ho o y22er New York Bronch, 4 WORLD TRADE CENTER, BOX 395, CHURCH STREET STATION, NEW YORK, N.Y.10008 ALL DRAFTS MUST st MARKED:
Telephone (217) 574 3000
' ' DRAWN AGAINST Coble; Swisbank, New York Advice NQ-S529503 OF SWtss BANK CORPORATION, NEW YORK BRANCH.*
' NEW YORK July 25;.1990 j
.t alternative financia) assurance to replace this-letter of credit within 30 days;of notification of cancellation the NRC may draw upon the fu13 rva]ue of this letter of credit. prior to cancellation.
We shall give immediate : notice to Cintichem, 'Inc.
and the NRC of any notice received or action filed alleging (1)- therinsolvency' or' bankruptcy of our financial institution or - (2). -.any c iolations of regulatory v
requirements that could result in -suspension or - revocation *of > our -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.
Whenever this letter of credit drawn on under and in cocpliance with the terms of this letter of credit, we shall ' duly honor such draft upon its presentation to us within 30 days, and we shall deposit the amount of the; draf t directly.into the standby trust fund of Cintichem, Inc. in accordance with your instructions.
Each draf t must bear on its face the clause: " Drawn under Letter of ~ Credit No.
S529503, date July 25, 1990, c.nd the total of this[draf t and: all, other draf ts previously drown under this -letter of credit;jdoes not exceed U.S.
dollars 6,000,000."
SWISS BANK CORPORATION-l New York Branch P'
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Alan L. Griffin Nicolas T.-Erni Vice President Assistant Treasurer I
July 25,1990 This credit is. subject to the most recent edition of-the Uniform ' Customs and Practice for Documentary Credits, published by the International Chamber ~of Commerce.
0821 9/86
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. E.EEE Swiss BankCorporation l
y New York Branch '
4 WORLD TRADE C5.NTER, BOX 395, CHURCH' STREET STATION, NEW YORK, N.Y.'10006 '
T.i.e.o. atn sum M "xcM3?'"A""*
5 Cobl.. $wisbank, N.w York Advice Na SS29503 OF Swiss BANK CORPORATION, NEW YORK BRANCH.*
NEW YORK July 25, 1990-s
-IRREVOCABLE STANDBY LETTER OF CREDIT.NO. S529503
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Issued To: U.S. Nuclear Regulatory Commission, Washington, DC 20555
Dear Sir.6t Madam:
We hereby establish our Irrevocable Standby Letter of Credit No. S529503 in your favor, at the request and for the account of ' Cinticherr, Inc., :Long Meadow Road, Tuxedo, NY-10987 up to. the aggregate amount - of six million U.S. dollarsi(U.S.
dollars $6,000,000) available upon presentation of:
(1) your sight'. draft, bearing. reference to thisT Letter.of" Credit.No.
S529503, and (2) your signed statement reading as follows: "ILcertify:that the:amoust:of the draf'. is payable pursuant to' regulations issued = under authority, of' the U.S. Nuclear Regulatory Commission".
This letter of' credit is issued in accordance, with regulationsiissuedlundert the' authority of the U.S. Nuclear Regulatory.' Commission -(NRC),--- an : agencyj of the ' U.S.
Government,. pursuant to the Atomic Energy Act of ~1954, as amended, and the; Energy Reorganization act of 1975.- The.NRC has promulgated. regulations '. in Title.10,;
- Chapter I of the Code _ of Federal Regulations, Parts 50 and '70, whichfrequire that a=
holder of, or an applicant for, a license issued Lunder 10 CFR PartsV 50 and E70 provide assurance that funds will oe available when needed for de' commissioning.
This letter of credit is effective as of July.25,1990 and.shalt expire on July 25, 1991, but such expiration date shall be automatically extended for_ a ' period of one -
year on July '25,1991 and on each successive expiration; date, -unless,-, atGleastL90 -
duys before the current expiration date, we notify -both you and Cintichem,- Inc. as.
shown-on the signed ' return : receipts.
If Cintichem, Inc. is unable. to : secure 0621 9/86