LETTER OF AVAILABILITY OF BLOCKED FUNDS
(on financial institution's letterhead)
EXHIBIT 'B'
DATE: , ________.
TO: ACCOUNT HOLDER NAME & ADDRESS
DEAR ____________:
We (name and address of Bank/Security Firm), hereby confirm, for and on
behalf of our client, (name of depositor), that our client has on deposit in Client's
account (account name and number), as of this ___ day of ____, ____, the amount of (amount in words and numbers)
(Funds) in good, clean, cleared, unencumbered funds from a legal source (or assets) the
following assets: (complete legal description).
We further attest that, on your request, these Funds/Assets will be
irrevocably reserved and blocked on deposit for a period of One Year and One Week for your
unrestricted disposition.
Upon your written instruction directing us to issue details on the
reserving and blocking of said Funds/Assets, we will transmit this information by Tested
Telex to the Bank designated. This letter shall remain valid for a period of Twenty Days
from the date of transmission of such Key Tested Telex.
For and on behalf of the ___ (Type Bank/Security firm name, Branch number and Address)
__ Bank/Instituion.
(Signed by Two Officers, including name and title)
_______________________
______________________
OFFICER AUTHORIZED SIGNATURE OFFICER AUTHORIZED
SIGNATURE |