Wording Conflict at Issue in Expressway Authority's Suit Against SunTrust

Sigo, Shelly
September 2004
Bond Buyer;9/23/2004, Vol. 349 Issue 31975, p36
Trade Publication
Reports on the lawsuit filed by the Orlando-Orange County Expressway Authority against SunTrust Banks Inc. regarding a right to call revenue bonds that were issued in 1988 and defeased in 1993 in the U.S. Issues related to conflict of wording; Statement of the 1993 escrow deposit agreement held by SunTrust; Decision of the authority to waive its right to call the defeased bonds before maturity; Reservation of the right to call the bonds by the documents approved by the authority.


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