HomeMy WebLinkAboutNew World
Augusta Richmond GA
DOCUMENT NAME: 'f'~ LA)()~\ci
DOCUMENT TYPE:
YEAR: 00
BOX NUMBER: \ \
FILE NUMBER: \8Dl
NUMBER OF PAGES: 3
AUGUSTA-RICHl\10ND COUNTY COMMISSION
BOB YOUNG
Mayor
JAMES B. WALL
CITY ATTORNEY
P. O. Box 2125
454 GREENE STREET
AUGUSTA, GEORGIA 30903
Bus. (706) 821-2488
Fax No. (706) 722-5984
E-Mail: Jwall@co.richmond.ga.us
LEE BEARD
ULMER BRIDGES
JERRY BRIGHAM
HENRY H. BRIGHAM
ANDY CHEEK
RICHARD L. COLCLOUGH
WILLIAM B. KUHLKE. JR.
STEPHEN E, SHEPARD
MARION WILLIAMS
CHARLES R. OLIVER, P E, CPA
Administrator
WM. "WILLIE" H. MAYS, III
Mayor Pro Tern
December 19,2000
Ms. Tameka Allen
Mr. Gary Hewett
Information Technology
City-County Building (11)
Augusta, GA 30911
Dear Tameka and Gary:
Please be advised that New World has submitted a Letter of Credit in the amount
of$165,000.00 as required by the addendum to the contract. A copy of this Letter of Credit is
enclosed herewith.
By carbon copy of this letter, I am forwarding the original of same to Lena
Bonner.
With best personal regards, I am
JBW/sjp
}Ol,Very truly,
C---J-r'-
J
Jimes B. Wall
I '
Enclosure
Cc: Lena Bonner
i
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.....
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BANK=ONE.
-
Bank One Michigan
Global trade Services
One Bank One Plaza
Mail Code ILl-0747
Chicago, IL 60670-0747
Tel: (312) 954-1969 Fax: (312) 954-1963
SWIFT: NBDDUS33
Telex: ITT4330253
DATE: DECEMBER 18, 2000
AUGUSTA, GEORGIA
454 GREENE STREET
AUGUSTA, GEORGIA 30901
ATTN: JAMES HALL
DRAFTS DRAWN MUST BE MARKED
WITH OUR REF NO: 05152666
OPENER'S REFERENCE:
05152666
GENTLEMEN:
BY ORDER OF:
NEW WORLD SYSTEMS CORP.
888 W. BIG BEAVER ROAD, SUITE 1100
TROY, MI 48084
WE HEREBY ISSUE IN YOUR FAVOR OUR IRREVOCABLE CREDIT NO: 05152666 FOR THE ACCOUNT
OF NEW WORLD SYSTEMS CORP. FOR AN AMOUNT OR AMOUNTS NOT TO EXCEED IN THE
AGGREGATE US DOLLARS 165,000,00 (ONE HUNDRED SIXTY FIVE THOUSAND AND NO/100 US
DOLLARS) A V AILABLE BY YOUR DRAFTS AT SIGHT ON BANK ONE, MICHIGAN EFFECTIVE
DECEMBER 18,2000 AND EXPIRING AT OUR OFFICE ON MARCH 7, 2001.
FUNDS UNDER THIS CREDIT ARE A V AILABLE AGAINST YOUR DRAFT(S) MENTIONING OUR
CREDIT NUMBER.
THE BELOW-MENTIONED DOCUMENTS MUST BE PRESENTED AT SIGHT ON OR BEFORE THE
EXPIRY DATE ON THIS INSTRUMENT IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF
THIS LEITER OF CREDIT. .
YOUR SIGNED AND DATED STATEMENT, READING AS FOLLOWS:
"WE HEREBY CERTIFY THAT NEW WORLD SYSTEMS CORP. IS IN DEFAULT UNDER THE TERMS OF
EXHIBIT M, SECTION C.l OF THE MODIFICATION TO THE SOFTWARE LICENSE AGREEMENT DATED
NOVEMBER 16,2000,"
THE CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY
CREDITS (1993 REVISION), INTERNATIONAL CHAMBER OF COMMERCE-PUBLICATION 500,
WE ENGAGE WITH YOU THAT DRAFTS DRAWN UNDER AND IN CONFORMITY WITH THE TERMS OF
THIS CREDIT WILL BE DULY HONORED ON PRESENTATION IF PRESENTED TO: BANK ONE,
MICHIGAN, C/O BANK ONE, NA, ATTN: GLOBAL TRADE SERVICE DEPT.-MICHIGAN, 1 BANK ONE
PLAZA, MAIL CODE ILl-0747, CHICAGO, ILLINOIS 60670-0747 ON OR BEFORE THE EXPIRY DATE.
THE ORIGINAL LEITER OF CREDIT MUST ACCOMPANY THE DOCUMENTS REQUIRED UNDER THIS
CREDIT.
(CONTINUED)
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BANK=ONE.
-
Bank One Mi'chigan
Global '[rade Services
One Bank One Plaza
Mail Code ILl-0747
Chicago, IL 60670-0747
Tel: (312) 954-1969 Fax: (312) 954-1963
SWIFT: NBDDUS33
Telex: ITT4330253
OUR REF: 05152666
DA TE: DECEMBER 18, 2000
PLEASE ADDRESS ALL CORRESPONDENCE REGARDING THIS LETTER OF CREDIT TO BANK ONE,
MICHIGAN, C/O, BANK ONE, NA A 1TN: GTS-MICHIGAN~ 1 BANK ONE PLAZA, MAIL CODE ILl-0747,
CHICAGO, IL 60670-0747, MENTIONING OUR REFERENCE NUMBER AS IT APPEARS ABOVE.
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