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

JPMorgan Chase Bank, National Association
300 South Riverside Plaza
Mail Code IL1-0236
Chicago, Illinois 60606-0236
Facsimile Number: (312) 954-6163
Alternate Facsimile Number: (312) 954-3140
Attention: Standby Letter of Credit Unit
EXHIBIT E
TO
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
LIQUIDITY DRAWING CERTIFICATE
LETTER OF CREDIT
NO. CPCS-777577
The undersigned individual, a duly authorized representative of ___________ (the
“Beneficiary”) hereby certifies as follows with respect to (i) that certain Irrevocable
Transferable Letter of Credit No. CPCS-777577 dated February 10, 2010 (the “Letter of
Credit”), issued by JPMorgan Chase Bank, National Association (the “Bank”) in favor of the
Beneficiary; (ii) those certain Bonds (as defined in the Letter of Credit); and (iii) that certain
Resolution (as defined in the Letter of Credit):
1. The Beneficiary is the Trustee under the Resolution.
2. The Beneficiary is entitled to make this drawing under the Letter of Credit in the
amount of $_____________ with respect to the payment of the purchase price of Bonds tendered
for purchase in accordance with Section 30-65.17(a), 30-65.17(c), 30-65.17(e), 30-65.17(f) or
30-65.17(g) of the Resolution and to be purchased on [insert applicable date] (the “Purchase
Date”) which Bonds have not been remarketed as provided in the Resolution or the purchase
price of which has not been received by the Trustee (as defined in the Letter of Credit) by 10:00
a.m., New York City time, on said Purchase Date.
3. (a) The amount of the drawing is equal to (i) the principal amount of Bonds to be
purchased pursuant to the Resolution on the Purchase Date other than Credit Provider Bonds (as
defined in the Resolution), plus (ii) interest on such Bonds accrued from the immediately
preceding Interest Payment Date (as defined in the Resolution) (or if none, the date of issuance
of the Bonds) to the Purchase Date, provided that in the event the Purchase Date coincides with
an Interest Payment Date this drawing does not include any accrued interest on such Bonds.
(b) Of the amount stated in paragraph (2) above:
(i) $_________________ is demanded in respect of the principal portion of
the purchase price of the Bonds referred to in subparagraph (2) above; and
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