Bonds Payable Sample Clauses

Bonds Payable. The composition of this account for the Group and the Parent Company follows: Coupon Face Value Outstanding Balance Issuance Date Maturity Date Interest (in millions) 2017 2016 November 2, 2015 February 2, 2021 3.45% $ 320 P 15,977 P 15,869 January 21, 2015 January 22, 2020 4.25% 243 12,083 12,053 January 30, 2012 January 31, 2017 5.25% 275 - 13,673 $ 838 P 28,060 P 41,595 In November 2015, the Parent Company issued unsecured US$ denominated Senior Notes with principal amount of US$320 bearing an interest of 3.45% per annum, payable semi-annually in arrears every May 2 and November 2 of each year. The Senior Notes, unless redeemed, will mature on February 2, 2021. As of December 31, 2017 and 2016, the peso equivalent of this outstanding bond issue amounted to P15,977 and P15,869, respectively. In January 2015, the Parent Company issued unsecured US$ denominated Senior Notes with principal amount of US$243 bearing an interest of 4.25% per annum, payable semi-annually in arrears every January 21 and July 21 of each year, which commenced on July 21, 2015. The Senior Notes, unless redeemed, will mature on January 22, 2020. As of December 31, 2017 and 2016, the peso equivalent of this outstanding bond issue amounted to P12,083 and P12,053, respectively. In January 2012, the Parent Company issued unsecured US$ denominated Senior Notes with principal amount of US$275 bearing an interest of 5.25% per annum, payable semi-annually in arrears every January 18 and July 18 of each year, which commenced on July 18, 2012. As of December 31, 2016, the peso equivalent of this outstanding bond issue amounted to P13,673. The Senior Notes matured on January 31, 2017. The interest expense incurred on these bonds payable amounted to P1,155 in 2017, P1,715 in 2016, and P1,262 in 2015. The Group and Parent Company recognized foreign currency exchange losses related to these bonds payable amounting to P118 in 2017, P516 in 2016, and P24 in 2015, which are netted against Foreign exchange gains presented under Other Operating Income account in the statements of profit or loss.
AutoNDA by SimpleDocs
Bonds Payable. 4. Debt associated with life insurance (insurance going to Xxxx Xxxxx)
Bonds Payable. During 2009, the City issued $78,120,000 in tax allocation bonds for the BeltLine Tax Allocation District the purpose of which was to purchase the Series 2008 Bonds, in lieu of redemption and to provide additional financing for redevelopment cost for qualifying BeltLine TAD Projects. This issuance is a limited obligation of the City, not secured by the full faith and credit of the City, but rather is secured solely by, and payable solely from, the Pledged Revenues. The Pledged Revenues are defined as the tax allocation increments, the amount of property taxes generated within the district area which exceed the amount collected from the same area prior to development, from the City and Xxxxxx County. Tax increments collected from 2010 property taxes and going forward pertaining to APS will be retained by the Fund and used for debt service payment on the bonds and for redevelopment costs. The Fund’s debt service requirements based upon required sinking fund and interest payments are as follows: Total debt Principal Interest service Fiscal year ending June 30: 2017 $ 2,525,000 $ 5,088,831 $ 7,613,831 2018 2,725,000 4,910,669 7,635,669 2019 2,945,000 4,718,369 7,663,369 2020 3,175,000 4,510,581 7,685,581 2021 3,530,000 4,286,594 7,816,594 2022-2026 22,170,000 17,073,531 39,243,531 2027-2031 31,110,000 7,470,744 38,580,744 $ 68,180,000 $ 48,059,319 $ 116,239,319 The Fund’s long-term liability activity for the fiscal year ended June 30, 2016, was as follows: Bonds June 30, 2015 Additions Reductions June 30, 2016 Due In One Year Series 2008/2009 Bonds $ 71,420,000 $ - $ 3,240,000 $ 68,180,000 $ 2,525,000 Discount on 2008/2009 Bonds (780,273) - (79,602) (700,671) - Total $ 70,639,727 $ - $ 3,160,398 $ 67,479,329 $ 2,525,000
Bonds Payable on Optional Redemption Date or Payment Date. Notice of redemption having been given as provided in Section 10.02, the Bonds to be redeemed shall on the Optional Redemption Date become due and payable at the Optional Redemption Price and (unless the Issuer shall default in the payment of the Optional Redemption Price) no interest shall accrue on the Optional Redemption Price for any period after the date to which accrued interest is calculated for purposes of calculating the Optional Redemption Price.
Bonds Payable on Optional Redemption Date or Payment Date. Notice of redemption having been given as provided in Form of Optional Redemption Notice. Notice of redemption under Optional Redemption by Issuer. The Issuer may, at its option, redeem all, but not less than all, of the Bonds on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount has been reduced to less than five percent of the initial principal balance thereof at a price equal to the outstanding principal amount of the Bonds to be redeemed plus accrued and unpaid interest thereon at the Bond Interest Rate to the Optional Redemption Date (such price being called the "Optional Redemption Price"). If the Issuer shall elect to redeem the Bonds pursuant to this , it shall furnish written notice (which notice shall state all items listed in Form of Optional Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Trustee by first-class mail, postage prepaid, mailed not less than five days nor more than 25 days prior to the Optional Redemption Date to each Holder of Bonds to be redeemed, as of the close of business on the Record Date preceding the Optional Redemption Date at such Holder's address appearing in the Register.) of such election to the Trustee and the Rating Agencies not later than 25 days prior to the Optional Redemption Date and shall deposit with the Trustee not later than one Business Day prior to the Optional Redemption Date the Optional Redemption Price of the Bonds to be redeemed whereupon all such Bonds shall be due and payable on the Optional Redemption Date upon the furnishing of a notice complying with Form of Optional Redemption Notice. Notice of redemption under Section 10.01 shall be given by the Trustee by first-class mail, postage prepaid, mailed not less than five days nor more than 25 days prior to the Optional Redemption Date to each Holder of Bonds to be redeemed, as of the close of business on the Record Date preceding the Optional Redemption Date at such Holder's address appearing in the Register. to each Holder of the Bonds pursuant to this . shall be given by the Trustee by first-class mail, postage prepaid, mailed not less than five days nor more than 25 days prior to the Optional Redemption Date to each Holder of Bonds to be redeemed, as of the close of business on the Record Date preceding the Optional Redemption Date at such Holder's address appearing in the Register., the Bonds...

Related to Bonds Payable

  • Bonds The Contractor shall furnish both a performance bond and a payment bond and shall pay the premiums thereon as a Cost of the Work. The Performance Bond shall guarantee the full performance of the Contract.

  • Debt Create, incur, assume or suffer to exist, or permit any of its Subsidiaries to create, incur, assume or suffer to exist, any Debt, except:

  • Corporate Actions, Put Bonds, Called Bonds, Etc Upon receipt of Instructions, the Custodian shall: (a) deliver warrants, puts, calls, rights or similar Securities to the issuer or trustee thereof (or to the agent of such issuer or trustee) for the purpose of exercise or sale, provided that the new Securities, cash or other Assets, if any, acquired as a result of such actions are to be delivered to the Custodian; and (b) deposit Securities upon invitations for tenders thereof, provided that the consideration for such Securities is to be paid or delivered to the Custodian, or the tendered Securities are to be returned to the Custodian. Unless otherwise directed to the contrary in Instructions, the Custodian shall comply with the terms of all mandatory or compulsory exchanges, calls, tenders, redemptions, or similar rights of security ownership of which the Custodian receives notice through data services or publications to which it normally subscribes, and shall promptly notify the appropriate Fund of such action. Each Fund agrees that if it gives an Instruction for the performance of an act on the last permissible date of a period established by the Custodian or any optional offer or on the last permissible date for the performance of such act, the Fund shall hold the Custodian harmless from any adverse consequences in connection with acting upon or failing to act upon such Instructions. If a Fund wishes to receive periodic corporate action notices of exchanges, calls, tenders, redemptions and other similar notices pertaining to Securities and to provide Instructions with respect to such Securities via the internet, the Custodian and such Fund may enter into a Supplement to this Agreement whereby such Fund will be able to participate in the Custodian’s Electronic Corporate Action Notification Service.

  • Payment and Performance Bonds The Contractor shall comply with the following minimum bonding requirements:

  • Borrowed Money The amount that will be lent to the Borrower by the Lender should be documented in the Second Section as requested by the line following the dollar (“$”) symbol. This dollar amount must represent the exact amount of money that the Lender shall deliver to the Borrower and should not include any interest charges. III.

  • Solvency, Payment of Debts Borrower is able to pay its debts (including trade debts) as they mature; the fair saleable value of Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and Borrower is not left with unreasonably small capital after the transactions contemplated by this Agreement.

  • Payment of Debts Contractor must pay all amounts shown as due to the City on the City’s accounts, even if a dispute exists as to the debt’s validity or enforceability.

  • Payment Obligations Absolute The Company's obligation during and after the Employment Period to pay the Executive the amounts and to make the benefit and other arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any setoff, counterclaim, recoupment, defense or other right which the Company may have against the Executive or anyone else. Except as provided in Section 14, all amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company will not seek to recover all or any part of such payment from the Executive, or from whomsoever may be entitled thereto, for any reason whatsoever.

  • Payment and Performance Bond Prior to the execution of this Contract, City may require Contractor to post a payment and performance bond (Bond). The Bond shall guarantee Contractor’s faithful performance of this Contract and assure payment to contractors, subcontractors, and to persons furnishing goods and/or services under this Contract.

  • Local Church’s Payment Obligations At Closing or otherwise prior to or on the Disaffiliation Date, Local Church shall pay to the Annual Conference, in a manner specified by Annual Conference, the following:

Time is Money Join Law Insider Premium to draft better contracts faster.