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STANDARD CONSTRUCTION CONTRACT DOCUMENTS

STANDARD CONSTRUCTION CONTRACT DOCUMENTS

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5.6 An irrevocable standby letter of credit referred to in paragraph 5.3.3 shall 5.6.1 be an arrangement, however named or described, whereby a financial institution acting at the request and on the instructions of a customer or on its own behalf, 5.6.1.1 is to make a payment to, or to the order of, the Receiver General for

  Letter, Standby, Standby letter

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