Sinking Fund means each Sinking Fund Subaccount under the Indenture. To the extent necessary for compliance with the Authority’s tax covenants and other provisions of the Indenture and the Act, the Authorized Officers of the Authority may subdivide each such subaccount in respect of separate categories or issues of Sinking Fund Bonds.
Sinking Fund means a fund for the payment of principal only of a mandatory redemption security.
Sinking Fund means the fund comprising of the amounts to be paid/deposited and/or contributed by each Unit, including the Purchaser/s herein, towards sinking fund which shall be held by the Maintenance Agency on account of maintenance expenses.
Examples of Sinking Fund in a sentence
Besides the above , in order to retain the fitness, appearance and aesthetics of the Building blocks it will be a mandatory responsibility cast on the Association/Promoter to do structural repair and color painting of the exterior of the Building blocks at interval of every five years/or as may be required time to time by utilizing the accretions to the Sinking Fund which will be formed out of collections @ 20% more than the normal Maintenance Charges every month and invested in F.D.
More Definitions of Sinking Fund
Sinking Fund means the Bond Fund.
Sinking Fund means, with respect to any Sinking Fund Securities, a sinking fund provided for in Article Twelve.
Sinking Fund means principal debt payments made dur- ing a company’s fiscal year.
Sinking Fund means the fund established by a body corporate under section 38(4).
Sinking Fund means the Sinking Fund established under Section 3.08 hereof, which Sinking Fund may be maintained by the Trustee as part of the Bond Fund.
Sinking Fund means a fund held for the retirement of term bonds.
Sinking Fund means a separate account made up of segregated contributions by the Government to accumulate funds for the redemption of public debt;