Letter Of Credit Form. This is a Texas form and can be use in Alcoholic Beverage Commission Statewide.
Tags: Letter Of Credit, 2-26.7, Texas Statewide, Alcoholic Beverage Commission
Page 1 of 1 Form 2-26.7 (0/201) LETTER OF CREDIT (Security for Taxes and/or Permit Fees) 2-26.7(0/201) Gentlemen: Irrevocable Letter of Credit No. We hereby establish our irrevocable letter of credit in favor of the State of Texas for the account of (1) doing business as (2) located (3) , (4) , Texas, under (5) license/permit (6) . This letter of credit is effective up to the aggregate amount of $ . This letter of credit shall remain in effect until the (7) is released or discharged by the Texas Alcoholic Beverage Commission, or until the expiration date of (8) . This is your authority to draw drafts for any amount or the full amount not to exceed $ . The letter of credit is given as security for liability of taxes and/or license/permit fees, including interest and penalties , which may accrue under the provisions of the Alcoholic Beverage Code and the Rules of Procedure of the Texas Alcoholic Beverage Commission. The Texas Alcoholic Beverage Commission, acting for the State of Texas, may draw upon this letter of credit prior to its expir ation if, in their opinion, unpaid license/permit fees and/or unpaid tax liability, whether disputed or not, might exist, but any such funds will be held in a suspense account subject to final determination under due process of law. All drafts are to be m SIGN HERE (Signature of Bank Officer) (Title of Bank Officer) Name of Bank Address City, State, Zip Area Code + Phone No. BEFORE ME, the undersigned authority, on this day of A.D., the bank officer whose name is subscribed to the foregoing instrument personally appeared and acknowledged to me that he or she executed the same as the act and deed of the above referenced bank, for the purposes and considerations therein expressed and in the capacity therein stated. SIGN S E A L HERE: Notary Public INSTRUCTIONS (1) IF: (8) Name of Applicant: Corporation ----------- Corporate name must be shown Partnership ----------- must be shown Limited Partnership - Name of limited partnership and general partn er must be shown Private Club ---------- Name of the club must be shown (If Corporation - Corporate name) Proprietorship -------- Name of individual must be shown (2) Trade Name of Business (3) Actual Business Address (Not Mail Address) (4) City of Business Location (5) Type of License/Permit (6) License/Permit Number, if Issued (7) Name of Bank Limited Liability Partnership must be shown Limited Lia bility Company ---- Name of limited liability company must be shown For ORIGINAL applications, if an expiration date is used, it MUST be for 2 years, otherwise, this letter of credit will be unacceptable. For RENEWAL applications, if an expiration date is used, it MUST be for 2 years from the issue date of the license/permit the letter of credit supports, otherwise, this letter of credit will be unacceptable. FOR RENEWAL - LETTERS OF CREDIT MUST BE DATED ON OR BEFORE THE RENEWAL DATE OF THE LICENSE/PERMIT AN D MUST CONTAIN A DIFFERENT LETTER OF CREDIT NUMBER EACH YEAR. TAX SECURITY MUST BE PROVIDED WITH EACH ORIGINAL AND EACH RENEWAL APPLICATION IN ORDER THAT WE MAY HAVE SEPARATE TAX LIABILITY FOR EACH LICENSE/PERMIT YEAR. THIS FORM WILL NOT BE ACCEPTED WITH ANY WHITEOUTS OR ALTERATIONS. NOTARIZED AMENDMENTS FROM BANK WILL BE ACCEPTED TO CORRECT ERRORS NOTED BY THE COMMISSION. TABC USE ONLY Date/Signature of Personnel Verifying Bank Information: Name of Bank Personnel Contacted: American LegalNet, Inc. www.FormsWorkFlow.com