HomeMy WebLinkAboutLetter of CreditJt'SVIU1- dI il.0 icibe %sr
JPMorgan Chase Ban{:, N.A.
c/o JPMorgan Treasury Services
Global Trade Services
10420 Highland Manor Drive
Tampa, FL 33610
JUN 12, 2007
OUR L/C NO.: TPTS-335424
IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER TPTS-335424
BENEFICIARY:
CITY OF MIAMI, FLORIDA
OFFICE OF THE CITY CLERK
ATTN: PRISCILLA A. THOMPSON
3500 PAN AMERICAN DRIVE
FIRST FLOOR
MIAMI, FL 33133
BY THE ORDER OF:
ACCOUNT PARTY:
CELLAR DOOR CONCERTS OF FLORIDA, INC.
ATTN: A.J. WASSON
500 E. BROWARD BLVD., SUITE 1700
FORT LAUDERDALE, FLORIDA 33394
WE HEREBY ISSUE IN YOUR FAVOR OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO:
TPTS-335424 FOR THE ACCOUNT OF CELLAR DOOR CONCERTS OF FLORIDA, INC. FOR
AN AMOUNT OR AMOUNTS NOT TO EXCEED IN THE AGGREGATE USD50,000.00 (FIFTY
THOUSAND AND NO/100 U.S. DOLLARS) AVAILABLE BY YOUR DRAFTS AT SIGHT ON
JPMORGAN CHASE BANK, N.A., TAMPA, FLORIDA, EFFECTIVE IMMEDIATELY.
THIS LETTER OF CREDIT SHALL EXPIRE ON DECEMBER 31, 2007 BUT SUCH
EXPIRATION DATE SHALL BE AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR
PERIOD OF SIX (6) MONTHS FROM THE PRESENT EXPIRATION DATE, TO A FINAL
EXPIRATION DATE OF JUNE 30, 2008, UNLESS, AT LEAST 30 DAYS BEFORE DECEMBER
31, 2007,WE NOTIFY YOU BY REGISTERED MAIL OR OVERNIGHT COURIER SERVICE AT
THE ABOVE ADDRESS, THAT THIS LETTER OF CREDIT WILL NOT BE EXTENDED BEYOND
THE CURRENT EXPIRATION DATE.
FUNDS UNDER THIS CREDIT ARE AVAILABLE AGAINST YOUR DRAFT(S) AS HEREIN
ABOVE SET FORTH MARKED "DRAWN UNDER JPMORGAN CHASE BANK, N.A. LETTER OF
CREDIT NO. TPTS-335424.
WE ENGAGE WITH YOU THAT DRAFTS DRAWN UNDER AND IN CORFORMITY WITH THE
TERMS AND CONDITIONS OF THIS CREDIT WILL BE DULY HONORED ON PRESENTATION
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JPMorganChase
HENR
ASSISTANT
JPMorgan Chase Bank, N.A.
c/o JPMorgan Treasury Services
Global Trade Services
10420 Highland Manor Drive
Tampa, FL 33610
JUN 12, 2007
OUR L/C NO.: TPTS-335424
IF PRESENTED ON OR BEFORE THE EXPIRATION AT OUR COUNTERS. THE ORIGINIAL
LETTER OF CREDIT MUST ACCOMPANY THE DOCUMENTS REQUIRED UNDER THIS CREDIT
FOR ENDORSEMENT.
THIS LETTER OF CREDIT IS GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK,'AND, EXCEPT AS OTHERWISE EXPRESSLY STATED
HEREIN, TO THE INTERNATIONAL STANDBY PRACTICES ICC PUBLICATION NO. 590
(THE "ISP98"), AND IN THE EVENT OF ANY CONFLICT, THE LAWS OF THE STATE OF
NEW YORK WILL CONTROL, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAW.
PLEASE ADDRESS ALL CORRESPONDENCE REGARDING THIS LETTER OF CREDIT TO THE
ATTENTION OF THE JPMORGAN CHASE BANK, N.A., C/O JPMORGAN TREASURY
SERVICES, ATTN: STANDBY LETTER OF CRERDIT DEPT., 4TH FLOOR, 10420 HIGHLAND
MANOR DRIVE, TAMPA, FLORIDA 33610, INCLUDING THE LETTER OF CREDIT NUMBER
MENTIONED ABOVE. FOR TELEPHONE ASSISTANCE, PLEASE CONTACT THE STANDBY
CLIENT SERVICE AT 1-800-634-1969, SELECT OPTION 1, AND HAVE THIS LETTER OF
CREDIT NUMBER AVAILABLE.
401111
IZED 111F-GNATURE
LINO
RESIDENT
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