Sinking Fund Payments definition

Sinking Fund Payments means, with respect to any Series of Bonds, the payments of principal of Term Bonds prior to maturity in accordance with the applicable Series Resolution.
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Sinking Fund Payments means the payments to be made by the Board and deposited to the Series 2010C Sinking Fund Account as set forth in Schedule A to Lease Schedule No. 2010C.
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Sinking Fund Payments means amounts specified in any Supplemental Indenture to be paid by the County with respect to any Term Bonds, as they may be adjusted pursuant to such Supplemental Indenture.
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Examples of Sinking Fund Payments in a sentence

  • The Sinking Fund Payments specified above shall be deemed to be annual maturities for the purposes of the General Resolution.

  • The Agency shall duly and punctually pay or cause to be paid, solely as herein provided, the principal or Redemption Price, if any, of every Bond and the interest thereon, at the dates and places and in the manner stated in the Bonds, according to the true intent and meaning thereof and shall duly and punctually pay or cause to be paid all Sinking Fund Payments, if any, becoming payable with respect to any of the Bonds.

  • The Term Bonds maturing on September 1, 20 shall be called before maturity and redeemed, from the Sinking Fund Payments that have been deposited into the Principal Account, on September 1, 20 , and on each September 1 thereafter prior to maturity, in accordance with the schedule of Sinking Fund Payments set forth below.

  • The Series 2020 Bonds maturing on July 1, 2045 and July 1, 2049 are subject to mandatory redemption in part by lot by operation of Sinking Fund Payments at a redemption price equal to the principal amount of the Series 2020 Bonds to be redeemed plus accrued interest to the Redemption Date as set forth in the following tables.

  • This Indenture creates an issue of Bonds of the Agency and creates a continuing pledge and lien to secure the full and final payment of the principal and Redemption Price of and interest on such Bonds, including any Sinking Fund Payments for the retirement thereof.

  • Sinking Fund Payments on deposit in the Series 2010C Sinking Fund Account shall be retained therein until transferred to (i) the Series 2010C Subaccount of the Principal Account to pay the Principal Component of the Basic Rent Payments represented by the Series 2010C Certificates at maturity or (ii) the Series 2010C Account of the Redemption Fund upon earlier prepayment of the Series 2010C Certificates.

  • The Board shall offset the Sinking Fund Payments with the interest earnings on amounts in the Series 2010C Sinking Fund Account from the prior year.

  • If any of the Bonds to be redeemed as described above are Bonds for which Sinking Fund Payments have been established, the Agency shall also specify the year or years in which Sinking Fund Payments on such Bonds are to be reduced by the crediting thereto of the principal amounts of such Bonds so being redeemed and the amount by which each such Sinking Fund Payment is to be reduced.

  • The Sinking Fund Payments will be in equal, annual installments in an aggregate amount not in excess of the Principal Component due at maturity.

  • In the event of a partial optional redemption or special mandatory redemption of the Term Bonds, each of the remaining Sinking Fund Payments for such Term Bonds will be reduced, as nearly as practicable, on a pro rata basis.


More Definitions of Sinking Fund Payments

Sinking Fund Payments means (A) with respect to the Bonds, the sinking fund redemption payments due on the Bonds pursuant to Section 301(E) of the Indenture and (B) with respect to any Additional Bonds, the sinking fund redemption payments (if any) required pursuant to the supplemental Issuer Indenture authorizing issuance of such Additional Bonds.
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Sinking Fund Payments means amounts specified in Section 2.03 hereof to be paid by the County with respect to any term Bonds, as they may be adjusted pursuant to Section 2.03.
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Sinking Fund Payments means the payments required by Section 2.02 to be deposited in the Sinking Fund Subaccount for the payment of the Term Bonds.
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Sinking Fund Payments means the payments to be made by the Board and deposited to the Series 2010 Sinking Fund Account as set forth in Schedule A to Lease Schedule No. 2010.
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Sinking Fund Payments means collectively any payments to be made into the Sinking Fund Collateral Account, as required pursuant to the Credit Documents.
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Sinking Fund Payments means the amounts paid by the City for any term bonds under Section 2.03.
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Related to Sinking Fund Payments

  • Sinking Fund Payment means, with respect to a particular Series, as of any particular date of calculation, the amount required to be paid in all events by the Corporation on a single future date for the retirement of Outstanding Bonds which mature after said future date, but does not include any amount payable by the Corporation by reason of the maturity of a Bond or by call for redemption at the election of the Corporation.

  • Sinking Fund Provisions [No sinking fund provisions] [The Designated Securities are entitled to the benefit of a sinking fund to retire $ principal amount of Designated Securities on in each of the years through at 100% of their principal amount plus accrued interest] [, together with [cumulative] [non-cumulative] redemptions at the option of the Company to retire an additional $ principal amount of Designated Securities in the years through at 100% of their principal amount plus accrued interest.] [If Designated Securities are Extendable Debt Securities, insert-- Extendable Provisions: The Designated Securities are repayable on , at the option of the holder, at their principal amount with accrued interest. The initial annual interest rate will be %, and thereafter the annual interest rate will be adjusted on , , and to a rate not less than % of the effective annual interest rate on obligations with year maturities as of the [interest date 15 days prior to maturity date] prior to such [insert maturity date].] [If Designated Securities are Floating Rate Debt Securities, insert-- Floating Rate Provisions: The initial annual interest rate will be % through [and thereafter will be adjusted [monthly] [on each , , and ] [to an annual rate of % above the average rate for -year [-month] [securities] [certificates of deposit] by and [insert names of banks].] [and the annual interest rate [thereafter] [from through ] will be the interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills plus % of the Interest Differential (the excess, if any, of (i) the then-current weekly average per annum secondary market yield for -month certificates of deposit over (ii) the then-current interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills); [from and thereafter the rate will be the then-current interest yield equivalent plus % of the Interest Differential].] 23

  • Sinking Fund Account means the sinking fund account established and held by the Treasurer of Charleston County designed to provide for the payment of the principal of, premium, if any, and interest on the Bonds, as the same respectively fall due.

  • Sinking Fund Installment means, as of any particular date of calculation, the amount required, as of such date of calculation, to be paid by the Authority on a future date for the retirement of Outstanding Bonds which are stated to mature subsequent to such future date, but does not include any amount payable by the Authority by reason only of the maturity of a Bond.

  • mandatory sinking fund payment has the meaning specified in Section 12.1.

  • Sinking Fund Redemption Date Has the meaning specified in Section 6.06 of the Indenture.

  • 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.

  • optional sinking fund payment has the meaning specified in Section 12.1.

  • Bond Payment Date means any date on which principal of or interest on any Bond is payable.

  • the Independent Living Fund (2006 means the Trust of that name established by a deed dated 10th April 2006 and made between the Secretary of State for Work and Pensions of the one part and Margaret Rosemary Cooper, Michael Beresford Boyall and Marie Theresa Martin of the other part;

  • Interest and Sinking Fund means the interest and sinking fund established by Section 8.01(a).

  • Operating Fund means a fund in which the revenues and expenditures are subject to appropriation control.

  • Redemption and Paying Agent means, with respect to any Series, State Street Bank and Trust Company and its successors or any other redemption and paying agent appointed by the Fund with respect to such Series.

  • Fund Property means the property and assets of the Fund.

  • Matching Funds means the amount and nature of the moneys or resources to be used by the Local Political Subdivision or Nonprofit Organization for the Project. Such funds shall constitute not less than twenty-five percent (25%) of the total Cost of Project set forth in Appendix D and may consist of money by any person, any Local Political Subdivision, the State of Ohio, or the federal government or of contributions in-kind by such parties through purchase or donation of equipment, land, easements, labor, or materials necessary to complete the Project.

  • Investing Fund any Fund investing Cash Balances and/or Cash Collateral in an Affiliated Money Market Fund; and

  • Pooled fund group means an internally created fund of a district in which one or more institutional accounts of a district are in- vested.

  • Participating Fund means each Fund, including, as applicable, any series thereof, specified in Exhibit A, as such Exhibit may be amended from time to time by agreement of the parties hereto, the shares of which are available to serve as the underlying investment medium for the aforesaid Contracts.

  • pension fund holder means with respect to a personal pension scheme or an occupational pension scheme, the trustees, managers or scheme administrators, as the case may be, of the scheme concerned;

  • Revolving fund means a self-supporting fund which provides services or sells goods to state agencies, other governmental jurisdictions, or the public.

  • Officer’s Certificate A certificate signed by the Chairman of the Board, Vice Chairman of the Board, President or a Vice President and by the Treasurer, the Secretary or one of the Assistant Treasurers or Assistant Secretaries, or any other duly authorized officer of the Depositor or the Servicer, as the case may be, and delivered to the Trustee.

  • Independent Fund Trustee means a trustee of the Trust who is not an “interested person” as that term is defined in Section 2(a)(19) of the 1940 Act.

  • Trust Fund Expenses shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.