NEW YORK STATE MED. CARE FACILITIES FIN. AGENCY v. BANK OF TOKYO TRUST CO.


216 A.D.2d 126 (1995)

629 N.Y.S.2d 3

New York State Medical Care Facilities Finance Agency, Respondent, v. Bank of Tokyo Trust Company, Appellant, et al., Defendant

Appellate Division of the Supreme Court of the State of New York, First Department.

June 20, 1995


The indenture trustee's claim that the indenture did not require it to notify plaintiff of the bond redemption call is without merit. Section 602 (5) of the indenture unequivocally required the trustee to "advise [plaintiff] in writing, on or before the twentieth day of each calendar month, of the details of all investments held for the credit of each Fund and Account in its custody under the provisions of this Resolution as of the end of the preceding month." At a minimum...

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