private roads and the associated drainage improvements, and the irrevocable letter of
credit in favor of Sussex County Council, Sussex County, Delaware, pertaining thereto.
5. The sight draft must be signed by an authorized representative of the Sussex County
Council stating, “ _______________________________(DEVELOPER) has failed to
complete the construction work as defined by the plans and the project to a point of
acceptance by the Sussex County Engineer with _______________ (AGREEMENT
NO.) _______________________________ (NAME OF SUBDIVISION) covering the
materials, construction, construction administration and construction inspection for
private roads and/or the associated drainage improvements and the irrevocable letter of
credit in favor of Sussex County Council, Sussex County, Delaware, pertaining thereto.
Demand is hereby made in the amount of the enclosed draft.”
6. Except as otherwise stated herein, no modifications or revocations may be made by the
undersigned to the irrevocable credit created hereby, without the express written
approval of the Sussex County Council.
7. Drafts drawn in favor of Sussex County Council shall not relieve the Developer of
any other liability it may have for the satisfactory completion of the aforesaid Work.
8. Except insofar as otherwise expressly stated, this Credit is to be governed and
construed in accordance with Delaware law, and to the extent not inconsistent
therewith, the “Uniform Customs and Practices for Documentary Credits (2007
revision) International Chamber of Commerce, Publication No. 600.”
Very truly yours,
____________________________ __________________________________ Witness
Bank
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