optional sinking fund payment definition

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

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

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

Examples of optional sinking fund payment in a sentence

• Unless otherwise provided by such terms, (a) to the extent that the right of the Company to make such Optional Sinking Fund Payment shall not be exercised in any year, it shall not be cumulative or carried forward to any subsequent year, and (b) such optional payment shall operate to reduce the amount of any Mandatory Sinking Fund Payment obligation as to Securities of the same series.

• In addition to the sinking fund requirements of Section 5.02, to the extent, if any, provided for by the terms of a particular series of Securities, the Company may, at its option, make an Optional Sinking Fund Payment with respect to such Securities.

• Unless otherwise provided by such terms, (a) to the extent that the right of the Companies to make such Optional Sinking Fund Payment shall not be exercised in any year, it shall not be cumulative or carried forward to any subsequent year, and (b) such optional payment shall operate to reduce the amount of any Mandatory Sinking Fund Payment obligation as to Securities of the same series.

• In addition to the sinking fund requirements of Section 5.02, to the extent, if any, provided for by the terms of a particular series of Securities, the Companies may, at their option, make an Optional Sinking Fund Payment with respect to such Securities.

More Definitions of optional sinking fund payment

optional sinking fund payment has the meaning specified in Section 4.05.

optional sinking fund payment shall have the meaning set forth in Section 14.5(a).

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

optional sinking fund payment shall have the meaning assigned to it in Section 5.01(b). Original Issue Discount Security: The term “Original Issue Discount Security” shall mean any Security that is issued with “original issue discount” within the meaning of Section 1273(a) of the Code and the regulations thereunder, or any successor provision, and any other Security designated by the Company as issued with original issue discount for United States federal income tax purposes. Outstanding: The term “Outstanding,” when used with respect to Securities means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except:

optional sinking fund payment has the meaning set forth in Section 12.5 OUTSTANDING when used with respect to any series of Securities, subject to the provisions of Section 7.4, means, as of the date of determination, all Securities theretofore authenticated and delivered by the Trustee under this Indenture, except:

optional sinking fund payment means any payment in excess of the mandatory sinking fund payment as described in Section 12.1.

optional sinking fund payment has the meaning specified in Section 14.1. "Outstanding" when used with respect to Debt Securities, means, as of the date of determination, all Debt Securities theretofore authenticated and delivered under this Indenture, except: