Amortization Requirement definition
Examples of Amortization Requirement in a sentence
Upon such purchase of any Term Bond, the Trustee shall then credit an amount equal to the principal of the Bond so purchased toward the next succeeding Amortization Requirement for such Term Bond.
Except as permitted by the Trust Agreement with respect to the purchase of Bonds for cancellation in connection with the Amortization Requirement, the Borrower and the Guarantor covenant that none of the Bonds will be purchased by the Borrower or the Guarantor, or their respective Affiliates, other than Doral Securities in the ordinary course of its broker-dealer business.
The costs incurred by Landlord in providing such Services, except for the initial installation costs in connection therewith (which shall be performed by Landlord at its sole cost and expense to the extent included in Landlord’s Work), shall be included within “Operating Expenses,” subject to the Amortization Requirement (defined below).
TDF acknowledges that the Debt Service Reserve may be utilized, from time to time, for the payment by the Trustee of interest on and principal of the Bonds, whether at maturity, by acceleration or in satisfaction of the Amortization Requirement, as that term is defined in the Trust Agreement.
The Series 2002B Bonds stated to mature on or after January 1, 2013, are subject to redemption at the Authority's option at the par value thereof, plus accrued interest to the date of redemption, on or after January 1, 2012, either as a whole or in part on any date from such maturities as the Authority may select, from any moneys made available for such purpose (other than moneys set aside in respect of an Amortization Requirement).
Thereafter, the Authority may proceed with construction of the Dulles Stage II Development Plan and (i) Paragraph 10.04.5 shall not apply, and (ii) to the extent that the Authority expends funds for the Dulles Stage II Development Plan from the Authority's share of Net Remaining Revenues or from any balance in the Authority Capital Fund, there shall be no Amortization Requirement.
On the forty-fifth (45th) day preceding each Interest Payment Date for which there is a Amortization Requirement, the Trustee shall proceed to select for redemption from the Bonds outstanding of the maturity date to be redeemed a principal amount of Bonds of such maturity date equal to such Amortization Requirement, and shall call such Bonds for redemption on such Interest Payment Date and give notice of such call in accordance with Section 302 hereof.
Except as permitted by the Trust Agreement with respect to the purchase of Bonds for cancellation in connection with the Amortization Requirement, the Borrower and the Guarantor covenant that none of the Bonds will be purchased by the Borrower or the Guarantor, or their respective Affiliates, other than Doral Securities in the ordinary course of their broker-dealer business.
Marsh Title: Manager, Senior Vice President and Chi▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇icer THE BANK OF NEW YORK, as Trustee By: Name: Title: Expected Amortization Schedule Scheduled Amortization Requirement (All amounts are in United States Dollars) Payment Date [Class A-1 Balance Class A-2 Balance Class A-3 Balance Class A-4] Balance Closing Date $ $ $ $ EXHIBIT A TO 2006-A SERIES SUPPLEMENT Form of Transition Bond No. R-1 CUSIP NO.
The Series 2002A Bonds stated to mature on or after January 1, 2013, are subject to redemption at the Authority's option at the par value thereof, plus accrued interest to the date of redemption, on or after January 1, 2012, either as a whole or in part on any date from such maturities as the Authority may select, from any moneys made available for such purpose (other than moneys set aside in respect of an Amortization Requirement).