If a Bidder has no Bids that are approved by the Commission, the Letter of Credit will be cancelled as soon as practicable after the Commission decision on the results of the procurement event. The ICC is expected to decide whether to accept or reject the results of the procurement event within four (4) business days of the Bid Date.  This response assumes that that Bidder is providing a new Letter of Credit for purposes of this procurement event and not an amendment to a Letter of Credit currently held by the IPA.