Sinking Account definition

Sinking Account means the account by that name established and held by the Trustee pursuant to Section 4.03(c).

Sinking Account means an account by that name established in the Principal Fund pursuant to Section 5.04 for the payment of Term Bonds.

Sinking Account means an account by that name established in the Principal Fund pursuant to Section 5.04 of the Indenture.

Examples of Sinking Account in a sentence

• With respect to each Sinking Account, on each mandatory sinking account payment date established for such Sinking Account, the Trustee shall apply the mandatory sinking account payment required on that date to the redemption (or payment at maturity, as the case may be) of the Bonds upon the notice and in the manner provided in Article IV.

• All money in the Principal Account shall be used and withdrawn by the Trustee solely for the purpose of paying the principal or Redemption Price of the Bonds as it shall become due and payable, whether at maturity or redemption, except that any money in any Sinking Account shall be used and withdrawn by the Trustee only to redeem or to pay Term Bonds for which such Sinking Account was created.

• With respect to each Sinking Account, on each mandatory sinking account payment date established for such Sinking Account, the Trustee shall apply the mandatory sinking account payment required on that date to the redemption (or payment at maturity, as the case may be) of Term Bonds of the Series and maturity for which such Sinking Account was established, upon the notice and in the manner provided in Article IV.

• Mandatory Sinking Account Payment Date (June 1) Mandatory Sinking Account Payments *Maturity If the 2015 Series A Term Bonds are optionally redeemed in part, the Authority may designate the Mandatory Sinking Account Payments to be allocated to such optional redemption.

• Mandatory Sinking Account Payment Date (June 1) Mandatory Sinking Account Payments *Maturity If the 2015 Series B Term Bonds are optionally redeemed in part, the Authority may designate the Mandatory Sinking Account Payments to be allocated to such optional redemption.

More Definitions of Sinking Account

Sinking Account means the account by that name in the Bond Fund established pursuant to Section 5.02.

Sinking Account means, 2015A Sinking Account or the 2015B Sinking Account, as context requires, created in the Revenue Fund held by the Trustee pursuant to Section 4.3.

Sinking Account means the account by that name established and held by the Trustee pursuant to the Indenture.

Sinking Account means the account by that name established and held by the Trustee pursuant to Section 4.03.

Sinking Account means the account by that name established and held by the Trustee under the Trust Agreement.

Sinking Account means the account by that name in the Bond Fund established pursuant to Section5.05.

Sinking Account means the account by that name established in the Revenue Fund pur- suant to Section 5.02.