BDSF definition

BDSF or “bona fide service fund” means a fund, which may include proceeds of an issue, that (1) Is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year (i.e. each December 2 to December 1 annual period); and (2) Is depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of: (i) the earnings on the fund for the immediately preceding bond year; or (ii) one-twelfth of the principal and interest payments on the issue for the immediately preceding bond year.
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Examples of BDSF in a sentence

  • WORLD shall provide one (1) 747-400 BDSF Freighter aircraft as specified in Annex A (attached hereto and made apart hereof) in all cargo configuration (the “Aircraft”) together with cockpit crew and certain operational personnel as may be required for the performance of this Agreement.

Related to BDSF

  • Novartis shall have the meaning set forth in the Preamble.

  • OMP means Occupational Medical Practitioner

  • CTI means CTI Logistics Limited (ABN 69 008 778 925) and/or any Affiliate of CTI Logistics Limited as the case may be, which performs all or any of the Services.

  • Merck has the meaning set forth in the preamble.

  • NPS means nominal pipe size.