Serial Bonds definition
Serial Bonds means those Bonds designated as such and maturing on the dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and not subject to mandatory sinking fund redemption.
Serial Bonds means Bonds (other than Term Bonds) that mature in annual or semi-annual installments.
Serial Bonds means all Bonds other than Term Bonds.
Examples of Serial Bonds in a sentence
All moneys in the Principal Account shall be used and withdrawn by the Trustee for the sole purpose of paying the principal on the Serial Bonds as it shall become due and payable.
On or before the Business Day preceding each Principal Payment Date, the Trustee shall withdraw from the Special Fund and deposit in the Principal Account an amount which, when added to the amount then contained in the Principal Account, will be equal to the aggregate amount of principal becoming due and payable on the Outstanding Serial Bonds on such Principal Payment Date.
More Definitions of Serial Bonds
Serial Bonds means Bonds which are not Term Bonds.
Serial Bonds means those Current Interest Bonds designated as such by the Treasurer in the Certificate of Award, and which are not subject to Mandatory Redemption Requirements or Mandatory Sinking Fund Requirements.
Serial Bonds means all of the Bonds other than the Term Bonds.
Serial Bonds means Bonds, maturing in specified years, for which no Mandatory Sinking Account Payments are provided.
Serial Bonds means the Bonds of any Series which are stated to mature in installments and for which there are no mandatory sinking fund provisions.
Serial Bonds means Bonds for which no sinking fund payments are provided.
Serial Bonds means those Bonds other than Term Bonds.