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.