CUSIP 98640LAY9
- ISIN: US98640LAY92
- Entity Name: York County Industrial Development Authority
- Sector: Municipal Agency
- Announcement Date: 22-Dec-2016
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 01-Oct-2019
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Default Notice
- News: Events of Default and Receivership The Trustee previously advised Holders of certain Events of Default under the Indenture and the Installment Sale Agreement. The Trustee also previously advised Holders that the Court of Common Pleas of Bucks County, Pennsylvania (the Court) appointed Thomas P. Donnelly, Esquire (the Receiver), as receiver for Brighten Place, located at 131 N. Main St., Chalfont, Pennsylvania (the Property), and entered an order authorizing the sale of the Property to J.G. Petrucci Co. The sale of the Property to J.G. Petrucci Co. closed in 2015, and the Receiver transferred the sale proceeds to the Trustee to make a distribution to holders. Concurrent with the appointment of the Receiver, certain holders directed the Trustee to enter into transactions with Delaware Valley (formerly Fox Residential) that resulted in Delaware Valley making rent payments to the Trustee, and indemnified the Trustee with regard to such transactions.
- Description: Municipal Name: York County Industrial Development Authority CUSIP: 98640LAY9 Currency: USD York County Industrial Development Authority today announced that the Trustee previously advised Holders of certain Events of Default under the Indenture and the Installment Sale Agreement.
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- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US98640LAY92
