Term Bonds means Bonds that mature on one date and that are subject to mandatory redemption from Amortization Installments or are subject to extraordinary mandatory or mandatory redemption upon receipt of unscheduled Pledged Revenues.
Examples of Term Bonds in a sentence
Except with respect to the mandatory redemption of the Term Bonds as described above, if less than all of the outstanding Bonds are to be redeemed, the Bonds shall be redeemed in inverse order of maturity, unless otherwise requested by the Borrower.
---"Amortization Requirements" means, with respect to the Term Bonds, the principal amounts fixed initially in Exhibit B to this Agreement for the retirement of Term Bonds by purchase or redemption on the dates specified in Exhibit B hereto.
The Trustee shall give notice of an adjustment to a Taxable Flexible Rate Period to the Owners of Taxable Weekly Bonds or Taxable Term Bonds, by first class mail, postage prepaid, not less than twelve (12) days prior to the effective date of such Taxable Flexible Rate Period.
The Term Bonds maturing on December 2029, are subject to mandatory redemption, in part, to the extent of the Amortization Requirements therefor set forth in the Trust Agreement, beginning on December 2026, and each Interest Payment Date thereafter at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest up to the redemption date, without premium.
If less than all of the Taxable Flexible Bonds, Taxable Term Bonds or Taxable Weekly Bonds are being converted to a Tax-Exempt Series, the notice shall state the amount and the identity of such Bonds to be so converted as provided in Section 2.02(a).