Standby Letter Of Credit For Lease Template for Australia

1. Automatic Extension Clause: Used when the SBLC needs to automatically extend beyond its initial expiry date unless notice is given

2. Partial Drawings: Include when multiple drawings up to the maximum amount are to be permitted

3. Transfer Rights: Include when the SBLC needs to be transferable to another beneficiary

4. Electronic Presentation: Include when electronic presentation of documents is acceptable

5. Multiple Currency Drawings: Used when drawings in different currencies are permitted

6. Force Majeure Provisions: Additional provisions regarding force majeure events affecting the SBLC

7. Assignment Clause: Include when rights under the SBLC may be assigned to third parties

1. Schedule A - Form of Demand: Template for the formal demand letter to be used by the beneficiary

2. Schedule B - Lease Agreement Details: Key details from the underlying lease agreement including property description, term, and rental amounts

3. Schedule C - Required Documents: Detailed list and format of all documents required for drawing

4. Appendix 1 - Drawing Certificate: Template of the certificate to be completed when making a drawing

5. Appendix 2 - Bank Contact Details: Complete contact information for relevant bank departments

6. Appendix 3 - Communication Procedures: Detailed procedures for all communications regarding the SBLC