MMTOAMount Madonna Tower Owners Association (Menlo Park, CA)
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References in periodicals archive ?
Fitch calculates that total MTTF and MMTOA pledged receipts of approximately $2.3 billion in state fiscal year 2017 will provide 5.5 times (x) coverage of fiscal 2017 debt service and 5.4x coverage of MADS (in fiscal 2024).
An additional bonds test requires not less than 1.35x historical coverage of MADS by MTTF receipts and investment income and not less than 2.5x coverage of MADS by combined MTTF and MMTOA receipts and investment income.
MMTOA receipts are applied to the debt service account to the extent MTTF receipts are not sufficient to meet the debt service requirement but have never been needed for this purpose.