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

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The Bank <strong>of</strong> New York Trust Company, N.A.<br />

700 South Flower Street, Suite 500<br />

Los Angeles, California 90017<br />

Attention: Corporate Trust Department<br />

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

EXHIBIT J<br />

TO<br />

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION<br />

LETTER OF CREDIT<br />

NOTICE OF EVENT OF DEFAULT<br />

_________________, _____<br />

NO. CPCS-777577<br />

The undersigned, a duly authorized <strong>of</strong>ficer <strong>of</strong> JPMorgan Chase Bank, National<br />

Association (the “Bank”), hereby advises you, with reference to Irrevocable Transferable Letter<br />

<strong>of</strong> Credit No. CPCS-777577 (the “Letter <strong>of</strong> Credit”; any capitalized term used herein <strong>and</strong> not<br />

defined shall have its respective meaning as set forth in the Letter <strong>of</strong> Credit) issued by the Bank<br />

in your favor, that an “Event <strong>of</strong> Termination” or an “Event <strong>of</strong> Default” has occurred under<br />

Section 7.01 or 7.02 <strong>of</strong> the Letter <strong>of</strong> Credit <strong>and</strong> Reimbursement Agreement dated as <strong>of</strong><br />

February 1, 2010, between the Bank <strong>and</strong> the <strong>Airport</strong> <strong>Commission</strong> <strong>of</strong> the <strong>City</strong> <strong>and</strong> <strong>County</strong> <strong>of</strong> <strong>San</strong><br />

Francisco, <strong>and</strong> the Bank has elected to direct the Trustee to cause a m<strong>and</strong>atory tender <strong>of</strong> the<br />

Bonds, whereby the Letter <strong>of</strong> Credit will terminate fifteen (15) days following the receipt by the<br />

Trustee <strong>of</strong> this Notice <strong>of</strong> Event <strong>of</strong> Default.<br />

IN WITNESS WHEREOF, the undersigned, on behalf <strong>of</strong> the Bank, has executed <strong>and</strong><br />

delivered this Notice <strong>of</strong> Event <strong>of</strong> Default as <strong>of</strong> the __ day <strong>of</strong> ______, 20__.<br />

JPMORGAN CHASE BANK, NATIONAL<br />

ASSOCIATION<br />

By ____________________________________<br />

Its __________________________________<br />

Page 22 <strong>of</strong> 25

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