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This Reimbursement Agreement outlines the terms and conditions governing the reimbursement of the Bank of America for providing a letter of credit in relation to the San Bernardino County Flood Control District\'s Judgment Obligation Refunding Bonds. It includes definitions, covenants, representations, and remedies governing the relationship between the District and the Bank.
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A reimbursement agreement is a contractual arrangement in which one party agrees to cover specific expenses incurred by another party, often related to a service or product provided.
Typically, entities or individuals that seek reimbursement for expenses from a funding agency or another party are required to file a reimbursement agreement.
To fill out a reimbursement agreement, one must provide details including the names of the parties involved, the specific expenses to be reimbursed, supporting documentation, and the terms of reimbursement.
The purpose of a reimbursement agreement is to lay out the terms under which one party will compensate another for incurred expenses, ensuring clarity and accountability.
The agreement must typically include the parties' names, the nature of the expenses, amounts to be reimbursed, deadlines for submission, and any supporting documentation required.
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