HomeMy WebLinkAboutExhibit 25CERTIFICATE FOR "A DRAWING"
SunTrust Bank
25 Park Place, 16th Floor
Atlanta, Georgia 30303
Attention: Letter of Credit Department
Re: Irrevocable Letter of Credit No.
[Date]
EXHIBIT A
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 Taxable 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
payment of the portion of the purchase price of 2008 Taxable Bonds corresponding to the
principal amount thereof, which 2008 Taxable Bonds are to be purchased pursuant to
Sections 6.01, 6.02, 6.03, 6.04 or 6.05 of the Series Ordinance.
(c) 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
portion of the Purchase Price of 2008 Taxable Bonds corresponding to the principal
amount thereof.
(d) The amount demanded hereby does not include any amount in respect of
the purchase of any Bank Bonds.
(e) 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 purchase of 2008 Taxable Bonds pursuant to the Bond
Ordinance and, upon receipt of written request by the Bank, will cause the Trustee to
deliver promptly to the Bank the Bank Bonds in an aggregate principal amount equal to
the amount demanded hereby, (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.
Any capitalized terms used herein and not otherwise defined shall have the
respective meanings assigned to such terms in the Bond Ordinance.
(M1716084_1)
IN WITNESS WHEREOF, the Trustee has executed and delivered this Certificate
as of the day of
{M1716084 1)
TD Bank, National Association,
as Trustee
By:
Title:
2