CUSIP 098867FB5
- ISIN: US098867FB57
- Entity Name: Boone County, Missouri
- Sector: Municipal
- Announcement Date: *****
- Effective Date: *****
- Issue Date: *****
- Maturity Date: *****
- Country of Issuer: *****
- Region: N.Amer
- Issue Currency: *****
- CA Type: Covenant Breach
- News: COVENANT VIOLATION Pursuant to Section 606 of the Indenture, the Board of Trustees, so long as the Lease is in effect and payments are current thereunder, is to maintain a Debt Service Coverage Ratio of not less than 1.00 with respect to all Outstanding Long-Term Indebtedness. Pursuant to the attached certificate the Board of Trustees had a Debt Service Coverage Ratio of 0.66 for the Fiscal Year 2015. Pursuant to Section 606(b) of the Indenture, in the event that the Debt Service Coverage Ratio shall be an amount less than 1.00 for any Fiscal Year, the Board of Trustees will immediately employ a Health Care Consultant to make recommendations to increase the Debt Service Coverage Ratio for subsequent Fiscal Years. So long as the County and the Board of Trustees shall retain a Health Care Consultant and shall follow such recommendations to the extent feasible and so long as the Debt Service Coverage Ratio for each subsequent Fiscal Year is in no event less than 1.00 there shall be no Event of Default under the Indenture. For Bond Document please visit www.BondPDF.com
- Description: *****
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US098867FB57
