Current Interest Bonds definition

Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

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Current Interest Bonds means Bonds, the interest on which is payable semiannually on each Bond Payment Date specified for each such Bond as designated and maturing in the years and in the amounts set forth in the Purchase Contract.

Current Interest Bonds means, collectively, the Serial Bonds and the Term Bonds, each as is designated as such in the Certificate of Award.

Examples of Current Interest Bonds in a sentence

• Such Bonds may be issued in any form permitted by law, including, but not limited to, Current Interest Bonds, Variable Rate Bonds, Capital Appreciation Bonds, Optional Tender Bonds, Serial Bonds or Term Bonds or any combination thereof.

• Such Bonds may be issued in any form permitted by law, including, but not limited to, Current Interest Bonds, Variable Rate Bonds, Capital Appreciation Bonds, Convertible Capital Appreciation Bonds, Optional Tender Bonds, Serial Bonds or Term Bonds or any combination thereof.

• Notwithstanding the foregoing, in the event that each Class of Current Interest Bonds of a Series with a prior Stated Maturity is paid in full and that the payment of principal and interest on the Mortgage Collateral securing such Series is insufficient at that time to pay the full amount of required interest on any Accretion Bond on any Payment Date, the amount of interest that is not available shall be added to the Compound Value of such Accretion Bonds.

• Bonds which are delivered to the Registrar for exchange may be exchanged (i) if such Bonds are Current Interest Bonds, for an equal total principal amount of Current Interest Bonds of the same interest rate and maturity date and (ii) if such Bonds are Capital Appreciation Bonds, for an equal total Accreted Value of Capital Appreciation Bonds of the same interest rate and maturity date but of different Authorized Denominations.

• On or before the Business Day prior to any date upon which a Mandatory Sinking Account Payment is due, the Trustee shall transfer the amount of such Mandatory Sinking Account Payment (being the principal thereof, in the case of Current Interest Bonds, and the Accreted Value, in the case of Capital Appreciation Bonds) from the Principal Fund to the applicable Sinking Account.

More Definitions of Current Interest Bonds

Current Interest Bonds means the Bonds paying current interest and maturing in each of the years and in the aggregate principal amounts set forth in each Pricing Certificate.

Current Interest Bonds means all Bonds other than Capital Appreciation Bonds. Interest on Current Interest Bonds shall be payable periodically on the Interest Payment Dates provided therefor in a Supplemental Indenture.

Current Interest Bonds means, collectively, the Serial Bonds, the Sinking Fund Bonds and the Term Bonds, each as may be designated as such by the Treasurer in the Certificate of Award and being Bonds payable as to principal at maturity or pursuant to Mandatory Redemption Requirements or Mandatory Sinking Fund Requirements on the Principal Payment Dates and bearing interest payable on each Interest Payment Date as set forth in the Certificate of Award.

Current Interest Bonds means, collectively, the Bonds designated as Current Interest Bonds in the Pricing Certificate and with respect to which interest is payable on each Interest Payment Date.

Current Interest Bonds means those Bonds on which interest is paid semiannually on the Interest Payment Dates.

Current Interest Bonds means those Bonds described in Section 3 hereof and as to which interest is payable on each Interest Payment Date.

Current Interest Bonds means those Bonds designated as such in the Certificate of Award, all of which shall bear interest payable on each Interest Payment Date.