MIAMI-DADE COUNTY, FLORIDAAugust 5th, 2004
FiledAugust 5th, 2004The Aviation Revenue Bonds (the "Bonds") issued under the provisions of the Amended and Restated Trust Agreement entered into as of December 15, 2002 with JPMorgan Chase Bank, New York, New York, as Trustee and Wachovia Bank, National Association, as Co- Trustee (the "Trust Agreement"), and accrued interest, are payable solely from and are secured by a pledge of the Net Revenues of the Port Authority Properties ("PAP") under the provisions of the Trust Agreement. The Trust Agreement does not convey or mortgage all or any of PAP as a pledge or security for the Bonds. The Trust Agreement amended and restated a trust agreement entered into on October 1, 1954, as amended, with the Trustee and the Co-Trustee (the “Prior Trust Agreement”). For a brief description of such amendments, see “Amendments to the Prior Trust Agreement” below.