City of Manhattan
CUSIP 56301QAA8
- Issue Currency: United States of America Dollars
- Announcement Date: 10-Feb-2015
- News: Municipal Name: City of Manhattan CUSIP: 56301QAA8 Partial-Redemption: USD 400M Redemption Date: April 1, 2015 For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 01-Feb-2017
- News: The payment of the 2/1/17 debt service of interest only is being withdrawn from the Debt Service Reserve accounts in A/W Section 610 of the Indentures: ""In the event funds credited to and deposited in the Debt Service Fund are insufficient to provide for payment of the principal of and interest on any Outstanding Bonds promptly when due, either at maturity or upon mandatory early redemption, the Trustee shall withdraw from the Debt Service Reserve Fund and transfer to the Debt Service Fund such sum as shall be necessary to provide for payment of such principal and interest, which shall be applied by Trustee in accordance with the provisions of Section 603 of the Indenture."" The Obligated Person is making this filing in compliance with its contractual undertakings made in accordance with SEC Rule 15c2-12 to report certain events with respect to the Series 2006 Bonds and Series 2007 Bonds. Nothing contained in the undertaking or this Notice is, or should be construed as, a representation by the Obligated Person that the information included in this Notice constitutes all of the information that may be material to a decision to invest in, hold or dispose of any of the securities listed above, or any other securities of the Obligated Person.
- Issue Currency: United States of America Dollars
- Announcement Date: 10-Feb-2017
- News: The Company has not funded the monthly pro-rata lease payments required by Section 3.1 of the leases on either of the 2006 Bonds or the 2007 Bonds since July, 2016. Notice of the February 1, 2017 interest payments of $86,992.50 on the Series 2006 Bonds and $58,000.00 on the Series 2007 Bonds being paid from the Debt Service Reserve Funds was filed on EMMA on February 1, 2017. This results in the Reserve Accounts being reduced to $213,000 on the Series 2006 Bonds and $242,000 on the Series 2007 Bonds. Replenishment of the Debt Service Reserve is required to be made within a 12 month period.
