Western Union 2010 Annual Report Download - page 65
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Please find page 65 of the 2010 Western Union annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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to be determined at closing. The acquisition is expected to close in the first half of 2011, subject to regulatory
approval and satisfaction of closing conditions. This line item also includes certain additional investments in
our compliance programs along the United States and Mexico border, which are expected to cost up to
$19 million over the next three years pursuant to the agreement and settlement with the State of Arizona and
other states.
Other Commercial Commitments
We had $85 million in outstanding letters of credit and bank guarantees at December 31, 2010, with expiration
dates through 2015, the majority of which contain a one-year renewal option. The letters of credit and bank
guarantees are primarily held in connection with lease arrangements and certain agent agreements. We expect to
renew the letters of credit and bank guarantees prior to expiration in most circumstances.
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