HomeMy WebLinkAboutExhibit D - Letter of Credit - JPMorgan Chase Bank /remaining balance $1,080,000 EXHIBIT D
CERTIFICATE FOR THE REDUCTION OF AMOUNTS
AVAILABLE UNDER IRREVOCABLE LETTER OF CREDIT
NO. 330836 DATED DECEMBER 12,2001
The undersigned,a duly authorized officer of the undersigned Trustee(the"Trustee"),hereby
certifies to JPMorgan Chase Bank, N.A. (successor by merger to Bank One,N.A. (Main Office Chicago),
successor by merger with Bank One,Indiana,N.A.)(the"Bank"),with reference to Irrevocable Letter of
Credit No. 330836(the"Letter of Credit",the terms defined therein and not otherwise defined herein
being used herein as therein defined)issued by the Bank in favor of the Trustee, as follows:
(1) The Trustee is the Trustee under the Indenture for the holders of the
Project Bonds.
(2) The Trustee hereby notifies you that on or prior to the date hereof
$90,000.00 principal amount of the Project Bonds have been redeemed or paid or have
been defeased pursuant to the Indenture.
(3) Following the redemption or payment or the defeasance referred to in
paragraph(2)above,the aggregate principal amount of all of the"Outstanding Bonds"
within the meaning of the Indenture is$1,080,000.00.
(4) The maximum amount of interest,computed in accordance with the
terms and conditions of the Project Bonds and the Indenture,which could accrue on the
Project Bonds referred to in paragraph(3) above in any period of 45 days at the
Maximum Rate(as defined in the Indenture),which interest rate is %per annum,
is$13,315.06.
(5) The Interest Stated Amount is reduced to$13,315.06(such amount being
equal to the amount specified in paragraph(4)above)upon receipt by the Bank of this
Certificate.
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(6) The Principal Stated Amount is reduced to$1,080,000.00(such amount
being equal to the amount specified in paragraph(3)above)upon receipt by the Bank of
this Certificate.
(7) The Stated Amount is reduced to S1,093,315 06(such amount being equal to the
sum of the amounts specified in paragraphs(5)and(6)above)upon receipt by the Bank of this
Certificate.
IN WITNESS WHEREOF,the Trustee has executed and dclivered this Certificate this
y lay ofd ,2006.
MERCHANTS TRUST COMPANY,N.A.,as Trustee
By: 5/1e/P/1.4 AL .e
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