Examples of Senior Bonds Debt Service Account in a sentence
Amounts in the 2011 Senior Bonds Debt Service Account, the 2011 Senior Subordinate Bonds Debt Service Account and the 2011 Junior Subordinate Bonds Debt Service Account may only be applied to pay debt service on 2011 Bonds of the same tier.
The Trustee shall transfer any money remaining in the Revenue Fund at the end of any fiscal year to the Program Fund.The Debt Service Fund, consisting of the Senior Bonds Debt Service Account and the Subordinate Bonds Debt Service Account, was established as a sinking fund for the payment of interest and principal on the revenue bonds.
The Trustee shall transfer to the 2011 Senior Bonds Debt Service Account amounts which, when added to other amounts then in the 2011 Senior Bonds Debt Service Account, and available for such purposes, shall equal the debt service on the 2011 Senior Bonds required to be paid on such 2011 Bond payment date, including any amounts representing Arrearages as defined in the Amended Trust Indenture (see Note 8) on the 2011 Senior Bonds from earlier 2011 Bond payment dates.
The Trustee shall transfer to the 2011 Senior Bonds Debt Service Account amounts which, when added to other amounts then in the 2011 Senior Bonds Debt Service Account, and available for such purposes, shall equal the debt service on the 2011 Senior Bonds required to be paid on such 2011 Bond payment date, including any amounts representing Arrearages as defined in the Trust Indenture (see Note 8) on the 2011 Senior Bonds from earlier 2011 Bond payment dates.
The 2011 Debt Service Fund, which consists of the 2011 Senior Bonds Debt Service Account, the 2011 Senior Subordinate Bonds Debt Service Account and the 2011 Junior Subordinate Bonds Debt Service Account, was established for the payment of debt service on the 2011 Bonds.
Except as otherwise described in Section 4.04(d) of the MSA regarding Bankruptcy Related Events, the Senior Bonds Debt Service Account is established to achieve a proper matching of revenues with principal and interest payments on the Series 2014 Loan within each Bond Year.
It is reasonably expected that all amounts, if any, received by the Concessionaire as income from the investment of the Senior Bonds Debt Service Account will be expended to pay the principal of and interest on the Series 2014 Loan within one year of receipt thereof.
Proximate analysisVolatile matterFixed carbonThe experimental system, which is shown in Figure 1, consists of a gas conditioning system, a thermo-gravimetric furnace system (SDT-6120, TA instruments) and a gas chromatography (HP-5890 II) - mass spectrometer system (HP-5972).
If such Indenture Event of Default is described in subsection (a) of Section 5.01 hereof, the Trustee may, and at the written request of the Owners of a majority of the Bond Ownership Rights represented by the Senior Bonds shall, without further demand or notice, transfer moneys to the Senior Bonds Debt Service Account from other Accounts and Subaccounts in accordance with Section 3.04(c) hereof.
The Security Trustee may, and at the written request of the Phase 2 Indenture Trustee (acting on the instructions of Owners of a majority in aggregate principal amount of the then outstanding Senior Bonds) shall without further demand or notice, transfer moneys to the Senior Bonds Debt Service Account from the Bonds Debt Service Reserve Account for application to the payment of outstanding Senior Bond Obligations.