optional sinking fund payment definition

optional sinking fund payment has the meaning specified in Section 12.01.

optional sinking fund payment has the meaning specified in Section 12.1.

optional sinking fund payment shall have the meaning assigned to it in Section 5.01(b).

Examples of optional sinking fund payment in a sentence

• The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a "Mandatory Sinking Fund Payment," and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an "Optional Sinking Fund Payment." If provided for by the terms of Securities of any series, the cash amount of any Mandatory Sinking Fund Payment may be subject to reduction as provided in Section 12.02.

• In the case of the failure of the Company to deliver such certificate, the sinking fund payment due on the next succeeding sinking fund payment date for that series shall be paid entirely in cash and shall be sufficient to redeem the principal amount of such Securities subject to a Mandatory Sinking Fund Payment without the option to deliver or credit Securities as provided in Section 12.02 and without the right to make any Optional Sinking Fund Payment, if any, with respect to such series.

More Definitions of optional sinking fund payment

optional sinking fund payment has the meaning specified in Section 1201.

optional sinking fund payment has the meaning provided in Section 5.01(b).

optional sinking fund payment shall have the meaning specified in Section 1201.

optional sinking fund payment has the meaning set forth in Section 10.5.

optional sinking fund payment has the meaning specified in Section 13.01.

optional sinking fund payment has the meaning specified in Section 1101.

optional sinking fund payment has the meaning assigned to it in Section 5.01(b).