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

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JPMorgan Chase Bank, National Association<br />

300 South Riverside Plaza<br />

Mail Code IL1-0236<br />

Chicago, Illinois 60606-0236<br />

Facsimile Number: (312) 954-6163<br />

Alternate Facsimile Number: (312) 954-3140<br />

Attention: St<strong>and</strong>by Letter <strong>of</strong> Credit Unit<br />

Ladies <strong>and</strong> Gentlemen:<br />

EXHIBIT C<br />

TO<br />

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION<br />

INTEREST DRAWING CERTIFICATE<br />

LETTER OF CREDIT<br />

NO. CPCS-777577<br />

The undersigned individual, a duly authorized representative <strong>of</strong> __________________<br />

(the “Beneficiary”), hereby certifies on behalf <strong>of</strong> the Beneficiary as follows with respect to<br />

(i) that certain Irrevocable Transferable Letter <strong>of</strong> Credit No. CPCS-777577 dated February 10,<br />

2010 (the “Letter <strong>of</strong> Credit”), issued by JPMorgan Chase Bank, National Association (the<br />

“Bank”) in favor <strong>of</strong> the Beneficiary; (ii) those certain Bonds (as defined in the Letter <strong>of</strong> Credit);<br />

<strong>and</strong> (iii) that certain Resolution (as defined in the Letter <strong>of</strong> Credit):<br />

1. The Beneficiary is the Trustee (as defined in the Letter <strong>of</strong> Credit) under the<br />

Resolution.<br />

2. The Beneficiary is entitled to make this Drawing in the amount <strong>of</strong> $_____________<br />

under the Letter <strong>of</strong> Credit pursuant to the Resolution with respect to the payment <strong>of</strong> interest due<br />

on all Bonds Outst<strong>and</strong>ing on the Interest Payment Date (as defined in the Resolution) occurring<br />

on [insert applicable date], other than Credit Provider Bonds (as defined in the Resolution)].<br />

3. The amount <strong>of</strong> the drawing is equal to the amount required to be drawn by the<br />

Trustee pursuant to Section 30-65.18(a) <strong>of</strong> the Resolution.<br />

4. The amount <strong>of</strong> the drawing made by this Certificate was computed in compliance<br />

with the terms <strong>of</strong> the Resolution <strong>and</strong>, when added to the amount <strong>of</strong> any other drawing under the<br />

Letter <strong>of</strong> Credit made simultaneously herewith, does not exceed the Available Amount (as<br />

defined in the Letter <strong>of</strong> Credit).<br />

5. Payment by the Bank pursuant to this drawing shall be made to<br />

_____________________________, ABA Number ______________, Account Number<br />

______________, Attention: ___________________________________, Re:<br />

_________________________.<br />

Page 7 <strong>of</strong> 25

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