NOTICE OF DEFEASANCE_081820

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NOTICE IS HEREBY GIVEN BY U.S. Bank National Association, as trustee (the “Trustee”) for the outstanding Trust for Cultural Resources of the City of New York (the “Trust”) Revenue Bonds Series 2013A (Wildlife Conservation Society), dated March 12, 2013 and Revenue Bonds, Series 2014A (Wildlife Conservation Society), dated February 13, 2014 (collectively, the “Prior Bonds”) (i) that the deposit of amounts required by Section 10.03 of the Revenue Bond Resolution adopted by the Trust on October 24, 2012, as supplemented (the “Prior Bonds Instrument”), with respect to the Prior Bonds has been made in an amount sufficient to pay the principal of, redemption premium, and interest on the Prior Bonds in accordance with their terms to their redemption date, or maturity date, if earlier, (ii) that such Prior Bonds which have not matured on or prior to such date shall be optionally redeemed on August 1, 2023 and paid at their redemption date at par, plus accrued interest, (iii) that all Prior Bonds are deemed to have been paid in accordance with Section 10.03 of the Prior Bonds Instrument, and such Prior Bonds Instrument has been released, discharged and satisfied, with respect to the Prior Bonds, in accordance with the provisions of Section 10.03 thereof, and (iv) applicable provisions of said Prior Bonds Instrument pertaining to the payment of the principal, interest and redemption premium, if any, of and on said Prior Bonds shall be continued in force until such Prior Bonds have been paid From and after August 1, 2023 interest on the Prior Bonds called for redemption shall cease to accrue.

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This article originally appeared in The Bond Buyer.
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