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HomeMy WebLinkAboutExhibit 5EXHIBIT B NOTICE OF TERMINATION CITY OF MIAMI, FLORIDA NON-ADVALOREM REVENUE REFUNDING BONDS, TAXABLE PENSION SERIES 2006 The undersigned, a duly authorized officer of Wachovia Bank, National Association (the "Bank"), hereby notifies the Tender Agent, the Bond Insurer, each Rating Agency, the Remarketing Agent and the Issuer, each as defined in the Standby Bond Purchase Agreement (the "Standby Agreement"), dated December 1, 2006 among the Issuer, the Tender Agent and the Bank relating to the above referenced Bonds (all capitalized terms herein having the meanings ascribed thereto in the Standby Agreement), that this notice constitutes a "Notice of Termination" in accordance with Section 7.03(b) of the Standby Agreement as a result of the occurrence of [an Event of Termination under Section 7.01(f)][an Event of Default under Section 7.02(b) or (c)] of the Standby Agreement. The Available Commitment and Purchase Period shall terminate on , which date is not earlier than thirty (30) days from the date of receipt of this notice by the Tender Agent. (JA2939 E 6;4) DocNo WACHOVIA BANK, NATIONAL ASSOCIATION By Name Title -1-