NOTICE IS HEREBY GIVEN to the Holders of the above-captioned notes pursuant to Section 6.01c of that certain First Supplemental Subordinate Trust Agreement dated as of January 1, 1991, as amended and supplemented (the “Trust Agreement”), by and between the Los Angeles County Metropolitan Transportation Authority (the “Authority”) and U.S. Bank Trust Company, National Association, as successor trustee (the “Trustee”) under the Trust Agreement that the above-captioned Irrevocable Direct Pay Letter of Credit dated April 25, 2019 issued by Barclays Bank PLC shall be substituted by the Authority on June 24, 2022 with an Irrevocable Direct Pay Letter of Credit dated June 24, 2022 to be issued by Bank of America, N.A. for the account of the Authority in favor of the Trustee.
NOTICE OF INTENTION TO SUBSTITUTE LETTER OF CREDIT
June 14, 2022, 12:01 a.m. EDT 1 Min Read