Bond Redemption definition
Examples of Bond Redemption in a sentence
If the Administrator receives any Bond Redemption Premium, it will promptly deposit it into the Bond Payment Subaccount – Principal.
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.
The Company hereby agrees and undertakes that, if during the currency of this presents, any further guidelines are formulated (or modified or revised) by the Central Government or any other authority in respect of creation of Bond Redemption Reserve the Company shall abide by such guidelines and execute all such supplemental letters, agreements and deeds of modifications as may be required by the Bondholder(s)/ Beneficial Owner(s) or the Trustees.
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.
The Company shall submit to the Trustees a certificate duly certified by the Auditors certifying that the Company has transferred suitable sum to the Bond Redemption Reserve at the end of each financial year.
Any such prepayment shall be made in the manner provided in Section 2.1 hereof on the Loan Payment Date corresponding to the Bond Redemption Date fixed in accordance with the provisions of the Indenture in an amount sufficient to pay the principal of and interest and any premium on the Bonds to such Bond Redemption Date.
City hereby provides its written direction pursuant to Section 4.06 of the Bond Ordinance that the Bond Redemption and Improvement Account may be funded with amounts remaining, if any, following any and all transfers required by Section 4.06 of the Bond Ordinance.
Established in the 2013 Agreement, the Bond Redemption Reserve was intended to be used to redeem Bonds prior to their stated maturity date and at their earliest optional redemption date.
Any such prepayment shall be made in the manner provided in section 2.1 hereof on the Loan Payment Date corresponding to the Bond Redemption Date fixed in accordance with the provisions of the Indenture in an amount sufficient to pay the principal of and interest and any premium on the Bonds to such Bond Redemption Date.
Any balance in the Bond Redemption and Improvement Account is available for use by City for the payment of deficiencies with respect to the Debt Service Requirements or deficiencies with respect to the Sinking Fund Reserve Requirement as provided under the Bond Ordinance.