NOTICE IS HEREBY GIVEN to the holders of the outstanding Turnpike Revenue Bonds, Series 2012 B, Series 2013 A, Series 2014 C, Series 2015 A, Series 2015 C, Series 2015 D and Series 2017 C-1, of the New Jersey Turnpike Authority (the “Authority”), more fully described in the following chart (the “Refunded Bonds”), that, pursuant to Section 1201 of the Authority’s Turnpike Revenue Bond Resolution, initially adopted by the Authority on August 20, 1991, as amended and restated on September 26, 1991, and as further amended and restated as of November 22, 1991, as amended and supplemented to the date hereof (the “Resolution”), there has been irrevocably deposited with The Bank of New York Mellon, as Escrow Agent (the “Escrow Agent”), pursuant to an Escrow Deposit Agreement, dated June 18, 2020, by and between the Authority and the Escrow Agent, moneys and Federal Securities (as defined in the Resolution), the principal of and interest on which, together with the moneys deposited with the Escrow Agent at the same time, shall be sufficient to pay, when due, the principal or redemption price of and interest on the Refunded Bonds coming due on and prior to January 1, 2021.
TURNPIKE REVENUE BONDS, SERIES 2012 B,SERIES 2013 A, SERIES 2014 C, SERIES 2015 A, SERIES 2015 C, SERIES 2015 D AND SERIES 2017 C-1
June 23, 2020, 1:21 p.m. EDT 1 Min Read