LEGALRATIFIED

TSASC Ratifies Expanded Bond Counsel Agreement with Orrick

TSASC’s Board ratified a new bond counsel agreement with Orrick, Herrington & Sutcliffe LLP covering May 21, 2024 through August 31, 2025, with hourly fees capped at $350,000 and defined flat fees for future financing transactions. The ratification ensures uninterrupted legal support for bond and credit transactions.

Document date · September 26, 2024

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Scope & details

The full contract record, as filed.

Contract amount
Hourly fees up to $350,000 for the term plus specified flat transaction fees (e.g., $350,000–$535,000 per transaction; $125,000 for tender or exchange offer)
Contract type
LEGAL
Contract term
May 21, 2024 – August 31, 2025
Renewal date
2025-08-31
Renewal
New Agreement runs through August 31, 2025 with a $350,000 cap on hourly fees and specified flat transaction fees; previous agreement ran through June 30, 2022 and had been extended through August 31, 2024 before being superseded. Any extension beyond August 31, 2025 would require new Board action.
Document type
AgendaPacket
Source document
TSASC, Inc. AgendaPacket Meeting of the Members, Audit Committee, Governance Committee, and Board of Directors 2024-09-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the legal contract by NYC-Tobacco Settlement Asset Securitization Corporation?

Orrick Herrington & Sutcliffe Llp was awarded this legal contract by NYC-Tobacco Settlement Asset Securitization Corporation, as recorded on September 26, 2024. The contract value is Hourly fees up to $350,000 for the term plus specified flat transaction fees (e.g., $350,000–$535,000 per transaction; $125,000 for tender or exchange offer).

How much is the Orrick Herrington & Sutcliffe Llp contract with NYC-Tobacco Settlement Asset Securitization Corporation worth?

The Orrick Herrington & Sutcliffe Llp contract with NYC-Tobacco Settlement Asset Securitization Corporation is valued at Hourly fees up to $350,000 for the term plus specified flat transaction fees (e.g., $350,000–$535,000 per transaction; $125,000 for tender or exchange offer), covering legal work.

What type of contract is this?

This is a Legal contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in TSASC, Inc. AgendaPacket Meeting of the Members, Audit Committee, Governance Committee, and Board of Directors 2024-09-26 (AgendaPacket), dated September 26, 2024 from NYC-Tobacco Settlement Asset Securitization Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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Orrick Herrington & Sutcliffe Llp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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