CUSIP 678910DA5
- ISIN: US678910DA56
- Entity Name: Oklahoma Development Finance Authority/The
- Sector: Municipal Agency
- Announcement Date: 16-Oct-2017
- Effective Date: *****
- Issue Date: 26-Jun-2007
- Maturity Date: 01-Dec-2027
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Covenant Breach
- News: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE ABOVE BONDS. IF YOU RECEIVE THIS NOTICE AND ARE ACTING FOR A BENEFICIAL OWNER, PLEASE SEND THIS NOTICE TO THE BENEFICIAL OWNER(S) IMMEDIATELY. UMB Bank, N.A. is the successor bond trustee and successor master trustee (the Trustee) under the Bond Indenture dated as of June 1, 2007 between the Oklahoma Development Finance Authority and the Bank of Oklahoma, National Association (as amended and supplemented, the Bond Indenture) and the Master Trust Indenture dated as of June 1, 2007 between Farmers Union Hospital Association, d/b/a Great Plains Regional Medical Center (the Hospital Corporation) and the Bank of Oklahoma, National Association (as amended and supplemented, the Master Indenture) with respect to the Bonds. Obligations of the Hospital Corporation under the Master Indenture and related documents are primary sources for the payment of principal, premium, if any, interest, and other amounts relating to the Bonds. The Bonds are secured by, among other assets, Pledged Revenues of the Hospital Corporation. As used herein, the Bond Indenture, Master Indenture and each other document evidencing or securing the Bonds may be referred to as the Bond Documents. Capitalized terms used in this Notice and not otherwise defined shall have the meanings given in the Master Indenture.
- Description: Municipal Name: Oklahoma Development Finance Authority/The CUSIP: 678910DA5 Currency: USD Oklahoma Development Finance Authority/The announced today that the trustee has failed to meet its Debt Service Coverage Ratio for its Hospital Revenue Bonds, Series 2007.
- Bond Document: https://www.bondpdf.com/bonds/cd6a6ae3
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US678910DA56
