HomeMy WebLinkAboutExhibit 18INSTRUCTION TO ISSUE SUBSTITUTE LETTER OF CREDIT
SunTrust Bank
25 Park Place, 16th Floor
Atlanta, Georgia 30303
Attention: Letter of Credit Department
Re: Irrevocable Letter of Credit No.
Gentlemen:
[Date]
EXHIBIT D
Reference is made to (a) the above -referenced letter of credit (the "Old Letter of
Credit") and (b) Ordinance No. 11693, duly enacted by the City Commission (the "City
Commission") of the City of Miami on August 14, 1998, as amended and supplemented (the
"Bond Ordinance").
[Name and address of successor trustee] (the "Successor Trustee") has been
appointed successor trustee under the Bond Ordinance. The Successor Trustee has been properly
appointed and qualified pursuant to Article IX [Page C-9 of 1998 Ordinance] of the Bond
Ordinance. You are hereby requested to issue, in accordance with the terms of the Old Letter of
Credit, a new letter of credit to the Successor Trustee having the same terms and providing for
the same Available Commitment as the Old Letter of Credit.
We submit herewith for cancellation the original of the Old Letter of Credit.
The individual signing below on our behalf hereby represents that he or she is
duly authorized to so sign on our behalf.
Very truly yours,
TD Bank, National Association,
as Trustee
By:
Title:
{M1706888_6)