Prior to exhausting the Subordinate Liquidity Reserve Account, on December 9, 2024, TSASC entered into a Security Agreement which allows TSASC to use Unpledged TSRs, only to the extent needed, to pay debt service on TSASCs Fiscal 2017 Series A and Series B bonds, beginning June 1, 2025, through June 1, 2028
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As noted by McNeil [7], Since nicotine itself is not a highly hazardous drug, encouraging smokers to obtain nicotine from sources that do not involve tobacco combustion is a potential means to reduce the morbidity and mortality they sustain, without the need to overcome their addiction to nicotine. This new approach complements those aimed at reducing smoking prevalence and aims to provide smokers who will not quit with novel tobacco or nicotine-containing products that are substantially less toxic than cigarettes