Bond Amortization Schedule definition

Bond Amortization Schedule means the schedule of principal maturities and sinking fund installments with respect to the 2024-2B Bonds upon conversion of the interest rate thereon to Long Term Rates which schedule shall provide for substantially level debt service determined by the (i) scheduled repayments (net of servicing fees) of Program Loans to be made from bond proceeds, (ii) interest income and scheduled reductions of the Bond Reserve Fund,
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Bond Amortization Schedule means an amortization schedule prepared by Bond Purchaser based on the original principal amount of the Bond, the Fixed Rate, and any scheduled repayments of the Bond in accordance with this agreement; (ix) "Make Whole Amount" means, the sum of the present values of the amount resulting from the following calculation, utilizing a discount rate equal to the prevailing US Dollar (Libor) Interest Rate Swap market as of the Prepayment Date, for each corresponding interest payment period: (A) the difference between (1) the Fixed Rate and (2) the Market Rate; (B) multiplied by the amount optionally redeemed; (C) multiplied by the portion of the term of the Bond, in years (including fractions of years) between the Prepayment Date and the Maturity Date; provided that If the foregoing calculation results in a number less than zero, the Make Whole Amount shall be zero; (x) “Market Rate” means the Cost of Funds Rate as of the date of the Prepayment plus the Fixed Rate Margin; (xi) "Prepayment" means any repayment of the unpaid principal sum of the Bond in whole or in part prior to the date on which repayment is due under the terms and conditions of the Bond, including without limitation any such repayment following Bond Purchaser's exercise of its rights upon and Event of Default and acceleration of the Maturity Date, whether or not foreclosure proceedings were commenced; (xii) "Prepayment Date" means with respect to any Prepayment, the date received by Bond Purchaser and credited to the unpaid principal amount of the Bond in accordance with this agreement; (xiii) "Risk Management Agreement" means an interest rate swap, interest rate caps, interest rate collars, fixed funding or other similar agreement entered into by Bond Purchaser with respect to the Bond; (xiv) "Treasury Rate" means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15
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Examples of Bond Amortization Schedule in a sentence

  • If a Surety Bond is selected by the Grantee and the facility ceases to be used as a "Cultural Facility" during the ten (10) years following the Grant Award, the grant funds must be repaid to the Division according to the Surety Bond Amortization Schedule (incorporated into this Agreement and attached as Attachment E).

  • If a Surety Bond is selected by the Grantee and the facility ceases to be used as a "Cultural Facility" during the ten (10) years following the Grant Award, the grant funds must be repaid to the Division according to the Surety Bond Amortization Schedule (incorporated into this Agreement and attached as Attachment D).

  • Changes to the Bond Amortization Schedule (attached to each of the Series 2021A Bonds as Schedule A) shall be approved by the Issuer, the Institution and the Purchaser.

  • Changes to the Bond Amortization Schedule shall be approved by the Issuer, the Institution and the Purchaser.

  • Changes to the Bond Amortization Schedule shall be approved by the Issuer, the College and the Bank.

  • Principal and interest on this Bond shall amortize based on a thirty (30) year Bond Amortization Schedule (attached hereto as Schedule A and made a part hereof).