Mandatory Sinking Fund Requirements definition

Mandatory Sinking Fund Requirements means amounts required by proceedings to be deposited in a year or fiscal year in a bond retirement fund for the purpose of paying the principal of securities that is due and payable in a subsequent year or fiscal year.

Mandatory Sinking Fund Requirements means, as to Bonds maturing on Term Maturity Dates, amounts sufficient to redeem such Bonds on each Mandatory Redemption Date, as are to be set forth in the Certificate of Fiscal Officer.

Mandatory Sinking Fund Requirements means, as to Combined Bonds maturing on Term Maturity Dates, amounts sufficient to redeem such Combined Bonds (less the amount of credit as provided in the Certificate of Award) on each Mandatory Redemption Date, as are to be set forth in the Certificate of Award.

Examples of Mandatory Sinking Fund Requirements in a sentence

• The Bonds shall mature or be payable pursuant to Mandatory Redemption Requirements, in the case of Term Bonds, or Mandatory Sinking Fund Requirements, in the case of Sinking Fund Bonds, on the Principal Payment Dates and in principal amounts as shall be determined by the Treasurer in the Certificate of Award (subject to subsection (c) of this Section), consistent with the Treasurer’s determination of the best interest of and financial advantages to the School District.

• Mandatory Sinking Fund Requirements, if any, shall be payable when due to the Bond Registrar and applied as provided in the Bond Registrar Agreement.

• Principal (excluding any Mandatory Sinking Fund Requirements) of and any premium on the Current Interest Bonds, and principal of and interest on any Capital Appreciation Bonds, shall be payable when due upon presentation and surrender of the Bonds at the designated corporate trust office of the Bond Registrar.

• Notwithstanding the foregoing, if and so long as the Bonds are issued in a book-entry system, principal (excluding any Mandatory Sinking Fund Requirements) of and interest and any premium on the Bonds shall be payable in the manner provided in any agreement entered into by the Treasurer, in the name and on behalf of the School District, in connection with the book-entry system.

• Principal (excluding any Mandatory Sinking Fund Requirements) of and any premium on the Current Interest Bonds, and principal of and interest on any Capital Appreciation Bonds, shall be payable when due upon presentation and surrender of the Bonds (except as otherwise provided herein) at the designated corporate trust office of the Bond Registrar.

More Definitions of Mandatory Sinking Fund Requirements

Mandatory Sinking Fund Requirements means, as to Bonds, amounts sufficient to redeem such Bonds (less the amount of credit as provided in the Certificate of Award) on each Mandatory Redemption Date, as are to be set forth in the Certificate of Award.

Mandatory Sinking Fund Requirements means amounts required by the Bond proceedings to be de- posited in the Bond Retirement Fund in a year or fiscal year for the purpose of paying principal of Sinking Fund Bonds that is due and payable at their maturity in a subsequent year or fiscal year.

Mandatory Sinking Fund Requirements means amounts required by the Bond Proceedings to be deposited to the Bond Service Account in any Fiscal Year for the purpose, as provided in the Bond Proceedings, of retiring, at their stated maturities or by Mandatory Redemption or other prior retirement, principal of Bonds or of paying interest or interest equivalent on Bonds, which by the terms of the Bonds are due and payable in any subsequent Fiscal Year.

Mandatory Sinking Fund Requirements means, as to Combined Bonds maturing on Term Maturity Dates, amounts sufficient to redeem such Combined Bonds (less the amount of credit as provided in the Certificate of Fiscal Officer) on each Mandatory Redemption Date, as are to be set forth in the Certificate of Fiscal Officer.

Mandatory Sinking Fund Requirements means, as to each series of the Series 2020 Bonds, the amounts required to be deposited in the Debt Service Fund for the purpose of redeeming related Series 2020 Bonds (less the amount of any credit as provided in Section 4(c) of this Resolution) on each Mandatory Redemption Date, as may be set forth in the related Series 2020 Certificate of Award.

Mandatory Sinking Fund Requirements means amounts required by this Resolution to be deposited into the Bond Fund in any year for the purpose of retiring principal maturities of the Series 1992 A Bonds which by the terms of such Bonds are due and payable, if not called for prior redemption, in any subsequent fiscal year of the University.

Mandatory Sinking Fund Requirements means amounts required by the Bond Legislation to be deposited in the Bond Fund for the purpose of retiring, on a specified date, principal maturities of Bonds which by their terms are due and payable, if not called for prior redemption, at a subsequent date.