DWCH » Topics » Letter of Credit

This excerpt taken from the DWCH 10-K filed Dec 29, 2006.

Letter of Credit

The Company has an irrevocable standby letter of credit with a bank securing performance of a five-year property lease. The Company has provided a cash term deposit in the amount of $125,000 to secure the letter of credit. This amount is included as part of restricted cash in the Company’s consolidated balance sheets at September 30, 2006.

This excerpt taken from the DWCH 8-K filed Apr 25, 2006.
Letter of Credit” means a standby letter of credit issued by Bank or another institution based upon an application, guarantee, indemnity or similar agreement on the part of Bank as set forth in Section 2.1.2.

 

This excerpt taken from the DWCH 10-K filed Dec 12, 2005.
Letter of Credit – The Company has an irrevocable standby letter of credit with a bank securing performance of a five-year property lease. The Company has reserved a cash term deposit in the amount of $143,299 to secure the letter of credit.  This amount is included as part of restricted cash in the Company’s consolidated balance sheets at September 30, 2005 and 2004.

 

The Company is also required by the new sublease agreement entered into in September 2005 related to its Chelmsford, Massachusetts facility to provide an irrevocable standby letter of credit with a bank securing performance of a sixty-six month property lease.   The Company has reserved a cash term deposit in the amount of $125,000 to secure the letter of credit.  This amount is included as part of restricted cash in the Company’s consolidated balance sheets at September 30, 2005.

 

41



 

"Letter of Credit" elsewhere:

Accelrys (ACCL)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki