Official Statement Airport Commission City and County of San ...

attached hereto, with the signature of the appropriate officer signing on your behalf,
authenticated by another one of your officers as well as an acknowledgement of the transferee
signed by its officer on their behalf and authenticated by another one of its officers. Upon
presentation and payment by the Applicant of $3,000 representing transfer fees payable under
the Reimbursement Agreement, we shall forthwith effect a transfer of this Letter of Credit to
your designated transferee. Transfers to designated foreign nationals specially designated
nationals are not permitted as being contrary to the U.S. Treasury Department or Foreign Assets
Control Regulations. Upon our endorsement of such transfer, the transferee instead of the
transferor shall, without necessity of further action, be entitled to all the benefits of and rights
under this Letter of Credit in the transferor’s place; provided that, in such case, any certificates
of the Trustee to be provided hereunder shall be signed by one who states herein that he is a duly
authorized officer or agent of the transferee.
Communications with respect to this Letter of Credit shall be in writing and shall be
addressed to us at c/o JPMorgan Chase Bank, National Association, 300 South Riverside Plaza,
Mail Code IL1-0236, Chicago, Illinois 60606-0236, Attention: Standby Letter of Credit Unit,
specifically referring to the number of this Letter of Credit. For telephone assistance, please
contact the Standby Client Service Unit at (800) 634-1969, select Option 1, and have this Letter
of Credit number available.
Except as expressly stated herein, this Letter of Credit shall be governed by, and
construed in accordance with, the terms of the International Standby Practices 1998,
International Chamber of Commerce Publication No. 590 (“ISP98”), except for Rule 2.06(c)
thereof, with regard to any amendment of this Letter of Credit for the purpose of extending the
Stated Expiration Date and except for Rule 5.01(a) thereof, with regard to any notice of dishonor
which shall be given to you in the manner set forth above. Except as to matters governed by the
ISP98, this Letter of Credit shall be governed by and construed in accordance with Article 5 of
the Uniform Commercial Code of the State of New York.
All payments made by us hereunder shall be made from our funds and not with the funds
of any other person.
This Letter of Credit sets forth in full the terms of our undertaking, and such undertaking
shall not in any way be modified or amended by reference to any other document whatsoever.
Very truly yours,
JPMORGAN CHASE BANK, NATIONAL
ASSOCIATION
By ____________________________________
Its __________________________________
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