Amortization Installment definition

Amortization Installment means the amount of money which is required for retirement of Term Bonds (whether at maturity or by mandatory redemption and including redemption premium, if any).

Amortization Installment means an amount designated as such by Supplemental Resolution of the Issuer and established with respect to any Term Bonds.

Amortization Installment means the money required to be deposited in the Debt Service Fund in a given Bond Year for the payment at maturity or redemption of a portion of a series of Term Bonds during such Bond Year, as established by resolution of the Issuer at or before the delivery of that series of Term Bonds.

Examples of Amortization Installment in a sentence

• Moneys held for the credit of a Series Reserve Account shall be used for the purpose of paying interest or principal or Amortization Installment or Maturity Amount on the Bonds of the related Series whenever amounts on deposit in the Series Debt Service Account shall be insufficient for such purpose.

• The applicable Redemption Price (or principal amount of maturing Term Bonds) of any Term Bonds so purchased or redeemed shall be deemed to constitute part of the Bond Amortization Account until such Amortization Installment date, for the purposes of calculating the amount of such Account.

• If Term Bonds are so purchased by the City, upon submission of such Term Bonds to the Trustee, the Trustee shall credit or if the Trustee has purchased such Term Bonds, the Trustee shall credit the account of such purchased Term Bonds against any current Amortization Installment to be paid by the City.

• If the City shall purchase or call for redemption in any year Term Bonds in excess of the Amortization Installment requirement for such year, such excess of Term Bonds so purchased or redeemed shall be credited in such manner and at such times as the City shall determine.

• Net Amortization Installment ..............................................................................Normal Cost plus expense load ........................................................................

More Definitions of Amortization Installment

Amortization Installment means, with respect to any Term Bonds of any series of Parity Obligations, the amount of money which is required to be deposited into a mandatory redemption account for retirement of such Term Bonds (whether at maturity or by mandatory redemption and including redemption premium, if any) provided that the total Amortization Installments for such Term Bonds shall be sufficient to provide for retirement of the aggregate principal amount of such Term Bonds.

Amortization Installment means the funds to be deposited in the debt service fund or similar fund or account related to the applicable Non-Ad Valorem Revenue Obligations created for that purpose, in a given Note Year for the payment at maturity or redemption of a portion of Term Obligations of a designated series, as established by resolution or ordinance of the Issuer at or before the delivery of that series of Term Obligations.

Amortization Installment means the funds deposited in the Debt Service Account in a given Bond Year that are required for the payment at maturity or redemption of all or a portion of any Term Bond, as the case may be, within a Series of Bonds, as established by resolution of the Issuer at or before the delivery of that Series of Bonds.

Amortization Installment means an amount designated as such by the Issuer pursuant to the terms of Section 2.02 hereof and established with respect to any Term Bonds.

Amortization Installment means the funds to be deposited in the Debt Service Fund in a given Bond Year for the payment at maturity or redemption of a portion of Term Bonds of a designated Series, as established herein or by supplemental indenture entered into upon the delivery of that Series of Term Bonds.

Amortization Installment means, with respect to each maturity of Term Bonds of any Series of Bonds or Additional Secured Indebtedness, the principal amounts of such Term Bonds to be retired in consecutive years by mandatory redemption; provided, that (i) each such Amortization Installment shall be deemed to be due on the Interest Payment Date or Principal Maturity Date of each applicable year and (ii) the aggregate of such installments for each maturity of Term Bonds shall equal the aggregate principal amount of Term Bonds of such maturity.

Amortization Installment means (i) with respect to the Series 2019 Note, the amounts, if any, designated in the Series 2019 Note or Loan Agreement and (ii) with respect to any Additional Bonds, the amounts, if any, designated as such by Supplemental Resolution of the County and established with respect to the additional Term Bonds.