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NOTICE OF INTENTION TO SUBSTITUTE LETTER OF CREDIT – Bond Buyer

Discover IS HEREBY GIVEN to the Holders of the above-captioned notes pursuant to Part 6.01c of that sure First Supplemental Subordinate Notion Settlement dated as of January 1, 1991, as amended and supplemented (the “Notion Settlement”), by and between The l. a. County Metropolitan Transportation Authority (the “Authority”) and U.S. Financial institution Notion Agency, Nationwide Affiliation, as successor trustee (the “Notionee”) beneath the Notion Settlement that the above-captioned Irrevocable Direct Pay Letter of Credit rating dated April 25, 2019 issued by Barclays Financial institution PLC shall be substituted by the Authority on June 24, 2022 with an Irrevocable Direct Pay Letter of Credit rating dated June 24, 2022 to be issued by Financial institution of America, N.A. for the account of the Authority in favor of the Notionee.

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Source: https://www.bondbuyer.com/legal-notices/notice-of-intention-to-substitute-letter-of-credit

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