Bond Interest Payment definition
Examples of Bond Interest Payment in a sentence
Prior to any Bond Interest Payment Date or Bond Redemption Date, as applicable, the Administrator will notify ▇▇▇▇▇▇▇ Mac of the amounts of each Bond Payment anticipated on such date.
Trustee hereto shall reserve the right to receive notice submitted by KSEI regarding the implementation of Bond Interest Payment and/or Bond Principal Full Payment, including in the event that the payment fails to be made due to failure or overdue of the Issuer in providing sufficient fund within no later than 1 (one) Bourse Day upon the Date of Bond Interest Payment and/or Bond Principal Full Payment.
Prior to any Bond Interest Payment Date or Bond Redemption Date, as applicable, the Administrator will notify F▇▇▇▇▇▇ Mac of the amounts of each Bond Payment anticipated on such date.
Interest distributions on the Floater Certificates will be made on either (i) the first Business Day of each month, if so specified in the Series Trust Agreement, or (ii) each Bond Interest Payment Date, if so specified in the Series Trust Agreement (each, in either case, a “Floater Certificate Interest Payment Date”), in arrears for interest which shall have accrued in the Calculation Period ending on the day before the related Floater Certificate Interest Payment Date.
Interest distributions on the Residual Certificates will be made on each Bond Interest Payment Date as provided in Section 3.2. Each Residual Certificate will be entitled to its pro rata share of the balance of the interest received on the Related Maturity of Bonds after payment of the amounts set forth in clauses (i), (ii), (iii), (iv) and (v) of Section 3.2(b).
Borrower covenants to take all necessary action to prepay the loan and cause optional redemptions of the Bonds pursuant to Article IV of the Indenture and this Section 3.1 at a price equal to the principal amount of the Bonds to be redeemed, together with accrued interest to the redemption date, on the Bond Interest Payment Date for December of each year, commencing with the Bond Interest Payment Date for the month of December 2000.
The principal amount of Bonds to be redeemed on each such December Bond Interest Payment Date is set forth on Schedule 2.3(a) attached hereto.
Accrued interest arising from any redemption allocable to amounts of principal paid into the Odd-Lot Subaccount shall be held in the Odd-Lot Subaccount until the next succeeding Bond Interest Payment Date whereupon it shall be added to the amount of interest being distributed to Floater Certificates and Related Residual Certificates.
The redemption of Certificates effected pursuant to Section 11.9(a) on the next succeeding Bond Interest Payment Date shall be reduced by the amount of any additional redemption effected pursuant to this Section 11.9(d).
In the event that the Bond Interest Payment shall not have been made with the proceeds of a Term Loan Commitment Increase by 5:00 p.m. (Eastern time) on February 12, 2002, the Administrative Agent shall deliver a Blockage Notice to the trustee for the Refinancing Securities based upon the existence of the Specified Defaults and any other Events of Default occurring after the Fifth Amendment Date.