Examples of Amortization Requirements in a sentence
In the event that one or more of the Amortization Requirements is not satisfied on the Mandatory Prepayment Date, the principal amount of the Loan will bear interest at the Default Rate and will be due and payable in full on the one hundred eightieth (180th) day immediately following the Mandatory Prepayment Date.
The Term Bonds shall have such Amortization Requirements (and corresponding mandatory sinking fund redemption requirements) as determined by the unanimous agreement of the Delegates prior to the award of the Bonds.
The term bonds maturing July 1, are also subject to redemption, in part, by lot, prior to maturity to satisfy Amortization Requirements (as defined in the Agreement), on each July 1 commencing July 1, , at the principal amount of the bonds to be redeemed together with the interest accrued thereon to the date fixed for redemption.
In case of default by the Borrower in the payment of any principal (including any amount in respect of original issue discount), interest, Amortization Requirements, or analogous obligation, or in the payment of any other amounts payable by the Borrower or the performance of any other obligations of the Borrower under this Agreement, the Guarantor agrees duly and punctually to pay or perform the same.
To the credit of the Redemption Subaccount of the Sinking Fund Account, an amount equal to one-twelfth (1/12) or, if any Bonds are required to be retired semi-annually in satisfaction of the Amortization Requirements therefor, one sixth (1/6) of the principal amount of Term Bonds of each Series then Outstanding required to be retired, in satisfaction of the Amortization Requirements, if any, for such Fiscal Year.