HomeMy WebLinkAboutExhibit 11CERTIFICA l E FOR "B DRAWING"
SunTrust Bank
25 Park Place, 16th Floor
Atlanta, Georgia 30303
Attention: Letter of Credit Department
Re: Irrevocable Letter of Credit No.
[Date]
EXHIBIT B
The undersigned, a duly authorized officer of TD Bank, National Association (the
"Trustee"), hereby certifies to SunTrust Bank (the "Bank") that:
(a) The undersigned is the Trustee under the Bond Ordinance for the holders
of the 2008 Tax -Exempt Bonds.
(b) The undersigned, in its capacity as Trustee, is making a drawing under the
above -referenced Letter of Credit in the amount of $ with respect to the
payment of principal of the 2008 Tax -Exempt Bonds, which amount has, or will, on the
Business Day inunediately following the date hereof, become due and payable pursuant
to the Bond Ordinance, upon maturity or as a result of acceleration or redemption of the
2008 Tax -Exempt Bonds.
(c) The amount demanded hereby does not include any amount in respect of
the principal amount of any Bank Bonds.
(d) The amount demanded hereby, together with the aggregate ot" all prior
payments made pursuant to `B Drawings" under the above -referenced Letter of Credit,
does not exceed $
(e) The amount demanded hereby does not exceed the amount available on
the date hereof to be drawn under the above -referenced Letter of Credit in respect of the
principal of the 2008 Tax -Exempt Bonds.
(f) Upon receipt by the undersigned of the amount demanded hereby, (i) the
undersigned will apply the same directly to the payment when due of the principal
amount owing on account of the 2008 Tax -Exempt Bonds pursuant to the Bond
Ordinance, (ii) no portion of said amount shall be applied by the undersigned for any
other purpose and (iii) no portion of said amount shall be commingled with other funds
held by the undersigned.
{MI706888 6)
Any capitalized terms used herein and not otherwise defined shall have the
respective meanings assigned to such terms in the Bond Ordinance.
IN WITNESS WHEREOF, the Trustee has executed and delivered this Certificate
as of the day of
{MI706888 6}
TD Bank, National Association
as Trustee
By:
Title:
2