CUSIP 683507AC1


  • ISIN: US683507AC15
  • Entity Name: Medical Clinic Board of the City of Opelika, Alabama/The
  • Sector: Municipal Agency
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Unscheduled Draw
  • News: The Trustee received the funds for the payment that was due under the Lease Agreement via ACH on May 2, 2016. That payment was rescinded by the Lessee a few days later and the Trustee needed to draw from funds held in the Debt Service Reserve Fund in the amount of $47,290.43 to fund the interest payment due on the Bonds. The failure of the Lessee to provide the interest payment due on the Bonds constitutes an event of default under Section 6.1(a) of the Lease Agreement and the event of default under the Lease Agreement constitutes an event of default under Section 901(d) of the Indenture. Because of the draw made by the Trustee under the Debt Service Reserve Fund, no payment default has occurred with respect to the Bonds 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/US683507AC15

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