Sinking Fund definition

Sinking Fund means each Sinking Fund Subaccount under the Indenture. To the extent necessary for compliance with the Authority’s tax covenants and other provisions of the Indenture and the Act, the Authorized Officers of the Authority may subdivide each such subaccount in respect of separate categories or issues of Sinking Fund Bonds.

Sinking Fund means a fund for the payment of principal only of a mandatory redemption security.

Sinking Fund means the fund comprising of the amounts to be paid/deposited and/or contributed by each Unit, including the Purchaser/s herein, towards sinking fund which shall be held by the Maintenance Agency on account of maintenance expenses.

Examples of Sinking Fund in a sentence

• If the Company shall elect to so satisfy any Mandatory Sinking Fund Payment obligation, it shall deliver to the Trustee and the Paying Agent not less than 45 calendar days prior to the relevant sinking fund payment date a written notice signed on behalf of the Company by an Officer, which shall designate the Securities (and portions thereof, if any) so delivered or credited and which shall be accompanied by such Securities (to the extent not theretofore delivered) in transferable form.

• The Paying Agent shall credit such Mandatory Sinking Fund Payment obligation with an amount equal to the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such Mandatory Sinking Fund Payment shall be reduced accordingly.

• The Term Bonds shall be redeemed in whole or in part prior to their stated maturity on any Distribution Date, following notice of such redemption in accordance with Section 5.04(b) hereof, in accordance with the schedule of Sinking Fund Installments set forth in the applicable Series Supplement.

• The Basic Rent for which provision is made in Section 5.03(a) shall be deposited by the Lessee directly to the Sinking Fund for the account of the Authority.

• If less than all of the Bonds of any maturity or Sinking Fund Installment, as applicable, are to be redeemed pursuant to this subsection, the Owners of the Bonds of such maturity or Sinking Fund Installment shall be paid in accordance with subsection (i) of this Section 5.04.

More Definitions of Sinking Fund

Sinking Fund means the Bond Fund.

Sinking Fund means, with respect to any Sinking Fund Securities, a sinking fund provided for in Article Twelve.

Sinking Fund means principal debt payments made dur- ing a company’s fiscal year.

Sinking Fund means the fund established by a body corporate under section 38(4).

Sinking Fund means a fund established where provision is made to accumulate sufficient funds to repay the capital on a municipal bond issue at the end of the loan period as a lump sum which is termed a ‘bullet’ payment; and

Sinking Fund means the Sinking Fund established under Section 3.08 hereof, which Sinking Fund may be maintained by the Trustee as part of the Bond Fund.

Sinking Fund means a fund held for the retirement of term bonds.