Examples of Special Redemption Fund in a sentence
The Reserve Account shall be used solely for the purpose of paying principal of or interest on the Outstanding Bonds, the Bonds or any Parity Bonds at any time when there shall be insufficient money in the Special Redemption Fund.
Typical manufacturing processes for application of SPC include raw material mixing and blending, stacking and electrode printing, laminating and dicing, and chip firing.
Transfers from the Revenue Fund to the Operation and Maintenance Fund, the Special Redemption Fund, the Depreciation Fund, and the Surplus Fund must be made in the order indicated above, at such times as are necessary to carry out the purposes of the respective funds.
Additional notes (including bond anticipation notes) or bonds may be issued on a parity with the Bonds and Parity Bonds if such notes or bonds are issued for the purpose of refunding any of the Bonds or Parity Bonds which either (i) have matured or (ii) will mature not later than 90 days after the date of delivery of such refunding notes or bonds if there are insufficient amounts in the Special Redemption Fund to provide for the required payments.
A sum sufficient of the money in the Revenue Fund for the purposes of the Special Redemption Fund must be deposited in the Special Redemption Fund.
The Special Redemption Fund shall be used solely for the purpose of paying principal of and interest on the Outstanding Bonds, the Bonds and any Parity Bonds in accordance with the provisions of the 1986 Resolution, as amended.
Is stationed at the entrance to the confined space and if there is more than one entrance one will be posted at each entrance;c.
The Bonds, all Outstanding Bonds, and any Parity Bonds, regardless of issue dates, maturity dates, or series designations, will be secured equally by the pledge of the Net Revenues and all amounts in the Special Redemption Fund.
The Reserve Account within the Special Redemption Fund established by the 1986 Resolution is hereby continued to additionally secure the Bonds.
The Special Redemption Fund must be maintained as a separate fund either in the treasury of the Municipality or with a trustee.