Mandatory Sinking Fund Redemption of Bonds Sample Clauses

Mandatory Sinking Fund Redemption of Bonds. The 2022 Bonds are subject to mandatory sinking fund redemption on September 1 in each year, in the amounts specified in the following table. Mandatory Mandatory Sinking Fund Sinking Fund Redemption Date Sinking Fund Redemption Date Sinking Fund (September 1) Redemption Amount (September 1) Redemption Amount 2025 2036 2026 2037 2027 2038 2028 2039 2029 2040 2030 2041 2031 2042 2032 2043 2033 2044 2034 2045† 2035 † Maturity
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Mandatory Sinking Fund Redemption of Bonds. The Bonds maturing June 1, 20 (the “20 Term Bonds”) are subject to mandatory sinking fund redemption at a redemption price equal to the principal amount thereof, plus accrued interest to the redemption date, without premium. The 20 Term Bonds shall be so redeemed on the following dates and in the following amounts:
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Mandatory Sinking Fund Redemption of Bonds. Subject to a variation in the sinking fund schedule redemption selected by the Original Purchasers in connection with the conversion of interest on the Bonds to the Tax-Exempt Rate pursuant to the Indenture, the Bonds are subject to mandatory sinking fund redemption on January 1 and July 1 in each year, on the dates and in the amounts specified in the following table. Mandatory Sinking Fund Payment Date Sinking Fund Payment Amount Mandatory Sinking Fund Payment Date Sinking Fund Payment Amount Mandatory Sinking Fund Payment Date Sinking Fund Payment Amount January 1, 2020 January 1, 2028 July 1, 2035 July 1, 2020 July 1, 2028 January 1, 2036 January 1, 2021 January 1, 2029 July 1, 2036 July 1, 2021 July 1, 2029 January 1, 2037 January 1, 2022 January 1, 2030 July 1, 2037 July 1, 2022 July 1, 2030 January 1, 2038 January 1, 2023 January 1, 2031 July 1, 2038 July 1, 2023 July 1, 2031 January 1, 2039 January 1, 2024 January 1, 2032 July 1, 2039 July 1, 2024 July 1, 2032 January 1, 2040 January 1, 2025 January 1, 2033 July 1, 2040 July 1, 2025 July 1, 2033 January 1, 2041 January 1, 2026 January 1, 2034 July 1, 2041 July 1, 2026 July 1, 2034 January 1, 2042 January 1, 2027 January 1, 2035 July 1, 2042 July 1, 2027 †Maturity * This is the Taxable Rate (as such term is defined in the Indenture) which is subject to conversion to the Tax-Exempt Rate (as such term is defined in the Indenture) pursuant to the provisions of the Indenture. If converted, the Tax- Exempt Rate will be 4.125%. If the Bonds are payable at the Tax-Exempt Rate, after the Date of Taxability following a Determination of Taxability, the interest rate may, at the option of the Owner, be increased to the Taxable Rate, as provided in a written notice of the Owner to the Trustee and the District. EXHIBIT B TO THE BOND PURCHASE AGREEMENT FOR PURCHASE [Closing Date] West Contra Costa Healthcare District 000 Xxxx Xxxxxx Xxxxxxxx, CA 94553 Western Alliance Business Trust Xxx Xxxx Xxxxxxxxxx Xxxxxx, Xxxxx 000 Xxxxxxx, XX 00000 Re: $ West Contra Costa Healthcare District Refunding Revenue Bonds, Series 2019 (Taxable Converting to Tax-Exempt) Ladies and Gentlemen:
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Mandatory Sinking Fund Redemption of Bonds. The 2020A Bonds are subject to mandatory sinking fund redemption on September 1 in each year, in the amounts specified in the following table. Mandatory Sinking Fund Redemption Date (September 1) Sinking Fund Redemption Amount Mandatory Sinking Fund Redemption Date (September 1) Sinking Fund Redemption Amount 2021 2034 2022 2035 2023 2036 2024 2037 2025 2038 2026 2039 2027 2040 2028 2039 2029 2040 2030 2041 2031 2042 2032 2043† 2033 † Maturity * If the 2020A Default Rate or the 2020A Taxable Rate (each as defined in the Indenture) is in effect, interest will be computed by applying such alternate rate. $ TULARE LOCAL HEALTH CARE DISTRICT Taxable Refunding Revenue Bonds, Series 2020B MATURITY SCHEDULE Maturity Date Principal Interest (September 1) Amount Rate* 2043 $ % REDEMPTION PROVISIONS
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Mandatory Sinking Fund Redemption of Bonds. The Bonds maturing on March 1, 2029 are subject to mandatory sinking fund redemption and payment prior to stated maturity on March 1 in each year, at 100% of the principal amount thereof, plus accrued interest to the redemption date, without premium, in accordance with the mandatory sinking fund schedule determined as set forth below: Xxxx Xxxxx March 1 Principal Amount 2026 $185,000 2027 190,000 2028 200,000 2029* 205,000 *Final maturity. Bonds maturing on March 1, 2034 are subject to mandatory sinking fund redemption and payment prior to stated maturity on March 1 in each year, at 100% of the principal amount thereof, plus accrued interest to the redemption date, without premium, in accordance with the mandatory sinking fund schedule determined as set forth below: Xxxx Xxxxx March 1 Principal Amount 2030 $215,000 2031 2032 225,000 235,000 2033 250,000 2034* 550,000
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Mandatory Sinking Fund Redemption of Bonds. (a) The 2022A Bonds will be issued as a single Term Bond subject to mandatory sinking fund redemption at a price equal to the principal amount so redeemed plus accrued interest thereon to the redemption date. As and for a sinking fund for the redemption of the 2022A Bonds, the District will deposit in the 2022A Bond Account, on or before November 1 in each of the following years, moneys which are sufficient to redeem (after credit as provided below) the following principa l amount of the 2022A Bonds: Redemption Date (November 1) Principal Amount 2022 $ 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 The remaining $[ ] of the 2022A will be paid upon presentation and surrender at maturity unless redeemed pursuant to optional redemption prior to maturity.
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Related to Mandatory Sinking Fund Redemption of Bonds

  • Mandatory Sinking Fund Redemption The $ Term Bonds maturing on August 1, 20 , are subject to mandatory sinking fund redemption on each Redemption Date in the respective principal amounts as set forth in the following schedule, at a redemption price equal to 100% of the principal amount thereof to be redeemed, without premium, together with interest accrued thereon to the date fixed for redemption: Mandatory Sinking Fund Redemption Date (August 1) Principal Amount to be Redeemed

  • No Sinking Fund No sinking fund shall be established for the retirement or redemption of Series A Preferred Units.

  • Sinking Fund The provisions of Sections 3.04, 3.05 and 3.06 shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise specified as contemplated by Section 2.01 for Securities of such series. The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment”. If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 3.05. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series.

  • Redemption of Bonds The Authority shall take, or cause to be taken, the actions required by the Indenture to discharge the lien created thereby through the redemption, or provision for payment or redemption, of all Bonds then Outstanding, or to effect the redemption, or provision for payment or redemption, of less than all the Bonds then Outstanding, upon receipt by the Authority and the Trustee from the Company of a notice designating the principal amount of the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, and, in the case of redemption of Bonds, or provision therefor, specifying the date of redemption and the applicable redemption provision of the Indenture. Such redemption date shall not be less than 45 days from the date such notice is given (unless a shorter notice is satisfactory to the Trustee). Unless otherwise stated therein, such notice shall be revocable by the Company at any time prior to the time at which the Bonds to be redeemed, or for the payment or redemption of which provision is to be made, are first deemed to be paid in accordance with Article VIII of the Indenture. The Company shall furnish any moneys or Government Obligations (as defined in the Indenture) required by the Indenture to be deposited with the Trustee or otherwise paid by the Authority in connection with any of the foregoing purposes.

  • Optional Redemption Except as set forth below, the Issuer shall not be entitled to redeem the Securities. On and after May 15, 2017, the Issuer shall be entitled at its option to redeem all or a portion of the Securities upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed in percentages of principal amount on the redemption date), plus accrued interest to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the 12-month period commencing on May 15 of the years set forth below: Period Redemption Price 2017 105.156 % 2018 103.438 % 2019 101.719 % 2020 and thereafter 100.000 % In addition, at any time prior to May 15, 2017, the Issuer shall be entitled at its option on one or more occasions to redeem Securities (which includes Additional Securities, if any) in an aggregate principal amount not to exceed 35% of the aggregate principal amount of the Securities (which includes Additional Securities, if any) issued prior to such date at a redemption price (expressed as a percentage of principal amount) of 106.875%, plus accrued and unpaid interest to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date), with an amount not to exceed the net cash proceeds from one or more Equity Offerings; provided, however, that (1) at least 65% of such aggregate principal amount of Securities (which includes Additional Securities, if any) remains outstanding immediately after the occurrence of each such redemption (with Securities held, directly or indirectly, by the Issuer or its Affiliates being deemed to be not outstanding for purposes of such calculation); and (2) notice of such redemption has been given within 90 days after the date of the related Equity Offering. Prior to May 15, 2017, the Issuer shall be entitled at its option to redeem all or a portion of the Securities at a redemption price equal to 100% of the principal amount of the Securities plus the Applicable Premium as of, and accrued and unpaid interest to, the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date).

  • Redemption at maturity Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms.

  • Redemption or Repurchase of Securities As disclosed in Schedule B, the Company may repurchase or redeem the Securities subject to certain conditions.

  • Early Redemption Amounts For the purposes of paragraphs (b), (c) and (d) above, Notes will be redeemed at an amount (the “Early Redemption Amount”) calculated as follows:

  • Final Redemption Unless previously redeemed, or purchased and cancelled, the Bonds will be redeemed at their principal amount on the Interest Payment Date falling on, or nearest to, June 26, 2017. The Bonds may not be redeemed at the option of the Issuer other than in accordance with this Condition.

  • Mandatory Redemption The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes.

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