HomeMy WebLinkAboutExhibit 7EXHIBIT A
FORM OF REQUEST FOR EXTENSION OF EXPIRATION DATE
[DATE]
SunTrust Bank
777 Brickel Avenue, 4th Floor
Miami, FL 33131
Attention: Institutional and Government Banking
Re: Request for Extension of Expiration Date
Ladies and Gentlemen:
Reference is hereby made to that certain LETTER OF CREDIT AGREEMENT, dated as
of July 1, 2008 (the "Agreement"), between The City of Miami, Florida (the "City") and
SUNTRUST BANK, a Georgia banking corporation (the `Bank"). All capitalized terms
contained herein which are not specifically defined shall be deemed to have the definitions set
forth in the Agreement. The City hereby requests, pursuant to Section 10.9 of the Agreement,
that the Expiration Date for the Commitment Period be extended by [Identify Appropriate
Period]. In conjunction with said request, we have enclosed along with this request the following
information:
1. The outstanding principal amount of the 2008 Bonds;
2. The nature of any and all Events of Default and all conditions, events and acts
which with notice or lapse of time or both would become an Event of Default; and
3. Any other pertinent information previously requested by the Bank.
The Bank is required to notify the City of its decision with respect to this request for
extension within [thirty (30)] of the date of receipt hereof. If the Bank fails to notify the City of
its decision within such [thirty (30)] period, the Bank shall be deemed to have rejected such
request.
{M1706888_6}
Very truly yours.
THE CITY OF MIAMI, FLORIDA
By:
Name:
Title:
A-1