Sinking Fund Payment definition

Sinking Fund Payment means, with respect to a particular Series, as of any particular date of calculation, the amount required to be paid in all events by the Corporation on a single future date for the retirement of Outstanding Bonds which mature after said future date, but does not include any amount payable by the Corporation by reason of the maturity of a Bond or by call for redemption at the election of the Corporation.
Sinking Fund Payment means, with respect to a particular Group of 2021 Series A Bonds, as of any particular date of calculation, the amount required to be paid at all events by the Corporation on a single future date for the retirement of Outstanding 2021 Series A Bonds of such Group which mature after said future date, but does not include any amount payable by the Corporation by reason of the maturity of a 2021 Series A Bond of such Group or by call for redemption at the election of the Corporation.
Sinking Fund Payment means the annual payment to be deposited in the Principal Account to redeem a portion of the Term Bonds in accordance with the schedules set forth in Section 4.1(b) hereof and any annual sinking fund payment schedule to retire any Parity Bonds which are designated as Term Bonds.

Examples of Sinking Fund Payment in a sentence

  • With respect to each September 1 on which a Sinking Fund Payment is due, after the deposits have been made to the Interest Account and the Principal Account of the Special Tax Fund as required by Section 3.4, the Fiscal Agent will next transfer into the Redemption Account of the Special Tax Fund from the Special Tax Fund the amount required to pay the Sinking Fund Payment on the immediately succeeding September 1.

  • Moneys so deposited in the Redemption Account will be used and applied by the Fiscal Agent to call and redeem Term Bonds in accordance with the Sinking Fund Payment schedule set forth in Section 4.1(b), and to redeem Parity Bonds in accordance with any Sinking Fund Payment schedule set forth in the Supplemental Agreement for such Parity Bonds.

  • Moneys in the Reserve Account will be used solely for the purpose of paying the principal of, including Sinking Fund Payments, and interest on the Bonds when due in the event that the moneys in the Interest Account and the Principal Account of the Special Tax Fund are insufficient therefor or moneys in the Redemption Account of the Special Tax Fund are insufficient to make a Sinking Fund Payment when due.


More Definitions of Sinking Fund Payment

Sinking Fund Payment means the amount of money required by any Supplemental Trust Agreement to be paid by the Commonwealth on a single future date for the retirement of any Outstanding Bonds of said Series which mature after said future date, but does not include any amount payable by the Commonwealth by reason of the redemption of Bonds at the election of the Commonwealth
Sinking Fund Payment means, as of any particular date of computation and with respect to Bonds or Subordinated Bonds of a particular Series, the amount of money required by any Supplemental Indenture to be paid by the City on such date for the retirement of any Outstanding Bonds or Subordinated Bonds of said Series which mature after said date, but does not include any amount payable by the City by reason of the redemption of Bonds or Subordinated Bonds at the election of the City or the Holders of such Bonds;
Sinking Fund Payment means an amount, calculated with respect to each fiscal quarter of the Corporation, equal to the lesser of (a) Applicable Percentage of the aggregate stated value of Series A Preferred Stock and Series B Preferred Stock issued and outstanding as of the end of the fiscal quarter for which such Sinking Fund Payment is being determined, and (b) the Net Account Income determined with respect to such fiscal quarter. The Applicable Percentage shall be 0.04375 (4.375%) with regard to the first and second Sinking Fund Payments, which are due April 25, 1994 and July 25, 1994, respectively; 0.0425 (4.25%) with regard to the third and fourth Sinking Fund Payments, which are due October 25, 1995 and January 25, 1995, respectively; and shall continue to decline by one-eighth of one percentage point (.125%) with regard to each subsequent pair of successive Sinking Fund Payments until it shall become 0.0375 (3.75%) with regard to the Sinking Fund Payments that are due on October 25, 1996 and January 25, 1997. The Applicable Percentage shall be 0.0375 (3.75%) with regard to all Sinking Fund Payments due on or after January 25, 1997. "Net Account Income" shall mean the excess of (i) Gross Account Income, over (ii) Account Expenses. "Gross Account Income" shall mean the sum of (i) the Service Income attributable to Accounts invested from the four Unified Family of Funds and the three Liquid Green Funds into the Quest for Value/Oppenheimer Capital Funds pursuant to certain transactions closing on or about January 23, 1993, and (ii) forty percent (40%) of the Service Income attributable to any other Accounts (including zero balance Accounts). "Account" or "Accounts" shall mean any customer accounts documented on the records of Management at any time on or between January 1, 1990 and January 31, 1993. "Service Income" shall mean Distribution Assistance Fees (including 12(b)-(1) fees, as may from time to time be amended or recodified by the Securities Exchange Commission) received by Management for services and expenses incurred in connection with the assets transferred pursuant to acquisition agreements executed among the various Unified Funds and Liquid Green Trusts and comparable funds managed by Quest for Value Advisors. Notwithstanding anything to the contrary, Service Income shall not mean or include transfer agency fees, fund accounting fees, administration and compliance fees, brokerage fees, or commissions associated with servicing the Accounts. "Account Expenses" shal...
Sinking Fund Payment means, with respect to any Series of Bonds, the payments for Term Bonds established for such Series of Bonds pursuant to Section 202.
Sinking Fund Payment means the annual payment to be deposited in the Redemption Account to redeem a portion of the Term Bonds in accordance with the schedules set forth in Section
Sinking Fund Payment means the amount of moneys designated as such to be paid by the Trust toward the retirement of any particular Bonds at or prior to their respective stated maturities in accordance with the applicable Supplemental Trust Agreement;