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03/2021ID: HLB118 Exhibit 2 to Reimbursement AgreementAPPLICATION FOR ISSUANCE OF IRREVOCABLE LETTER OF CREDIT TO SECURE MUNICIPAL TRANSACTIONAL DEPOSIT ACCOUNTS (REFUNDABLE) Pursuant to that certain

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Understand the terms and conditions of the agreement for irrevocable standby.

02

Fill in the parties involved in the agreement.

03

Clearly state the purpose of the agreement.

04

Specify the terms of the standby arrangement, including the amount and conditions under which the funds will be released.

05

Include any required signatures and notarization if necessary.

Who needs agreement for irrevocable standby?

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Businesses or individuals engaging in transactions where a guarantee of payment or performance is required may need an agreement for irrevocable standby.

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What is agreement for irrevocable standby?

An agreement for irrevocable standby is a contract between a bank and a customer where the bank agrees to provide a guarantee of payment to a third party.

Who is required to file agreement for irrevocable standby?

The parties involved in the agreement, including the bank, customer, and third party, are required to file the agreement for irrevocable standby.

How to fill out agreement for irrevocable standby?

The agreement for irrevocable standby should be filled out by providing detailed information about the parties involved, the terms of the standby, and any additional conditions or requirements.

What is the purpose of agreement for irrevocable standby?

The purpose of the agreement for irrevocable standby is to ensure that the bank's guarantee of payment to the third party is legally binding and enforceable.

What information must be reported on agreement for irrevocable standby?

The agreement for irrevocable standby must include information about the parties involved, the amount of the standby, the conditions under which the standby will be drawn upon, and any other relevant terms or provisions.

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