--0000000000009d5815060387bf88 Content-Type: multipart/alternative; boundary="0000000000009d5814060387bf87" --0000000000009d5814060387bf87 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Sorry - wrong email thread. On Tue, Aug 22, 2023 at 12:09=E2=80=AFPM Timothy Thomas wro= te: > The letter of credit I assume? - Wasn't Lazslo working on it? > > On Tue, Aug 22, 2023 at 3:07=E2=80=AFPM Sean Cygan wr= ote: > >> Hi Team, >> >> I was just following up on this. Do you know when I will receive the >> letter? >> >> Thank You >> >> On Wed, Jul 26, 2023 at 7:52=E2=80=AFAM Sean Cygan w= rote: >> >>> Thanks >>> >>> On Tue, Jul 25, 2023 at 5:21=E2=80=AFPM Timothy Thomas = wrote: >>> >>>> I am good with using that entity. Its waterloo based. Thanks sean >>>> >>>> On Tue, Jul 25, 2023 at 8:05 PM Sean Cygan wrote: >>>> >>>>> Hi Steve and Tim, >>>>> >>>>> Mike wanted me to confirm the entity to make sure we are using the >>>>> correct one . We put (Arya Healthy Living Inc.) and we also have (Ar= ya >>>>> Healthy Living Oakville Inc). Both entities will have the same dba/T= heKey. >>>>> >>>>> He also told me to remove HCA of Ontario and TheKey of Ontario and >>>>> leave it as TheKey. >>>>> >>>>> Sean >>>>> >>>>> [image: image.png] >>>>> >>>>> On Tue, Jul 25, 2023 at 10:55=E2=80=AFAM Sean Cygan wrote: >>>>> >>>>>> Would that be Ali Malik? >>>>>> >>>>>> >>>>>> On Tue, Jul 25, 2023 at 10:34=E2=80=AFAM Steve Koyanagi >>>>>> wrote: >>>>>> >>>>>>> Yes; that makes sense to me. Please work with them accordingly. >>>>>>> >>>>>>> On Tue, Jul 25, 2023 at 10:25=E2=80=AFAM Sean Cygan >>>>>>> wrote: >>>>>>> >>>>>>>> Hi Steve and Tim, >>>>>>>> >>>>>>>> Yesterday, when reviewing the application (Security - >>>>>>>> Irrevocable Letter of Credit) I was asked to reach Frank Stigter >>>>>>>> regarding the letter. >>>>>>>> >>>>>>>> When reviewing the instructions, I think this should be completed >>>>>>>> by finance and not by our insurance broker. I have also attached= the >>>>>>>> template letter. >>>>>>>> >>>>>>>> Your thoughts? >>>>>>>> >>>>>>>> Sean >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> Letter of credit requirements >>>>>>>> >>>>>>>> To be acceptable, the letter of credit must: >>>>>>>> >>>>>>>> - be made in favour of the Director of Employment Standards, >>>>>>>> - be issued by a bank in Canada or credit union >>>>>>>> - be electronic >>>>>>>> - be in the amount of $25,000 >>>>>>>> - be irrevocable so it cannot be recalled or repealed >>>>>>>> - automatically renew when it expires >>>>>>>> - permit =E2=80=9Cpartial drawings=E2=80=9D without any conditi= ons, meaning >>>>>>>> that the Director of Employment Standards can, for reasons set = out in the >>>>>>>> regulation and in accordance with the prescribed processes, dem= and and >>>>>>>> receive a payment less than the entire amount specified in the = letter of >>>>>>>> credit >>>>>>>> - have no other conditions >>>>>>>> >>>>>>>> We recommend you use our template for irrevocable letters of c