Mandatory Sinking Fund Redemption. The Bonds are subject to mandatory sinking fund redemption on the Interest Payment Date occurring in the month of December in each of the years set forth below commencing on the Interest Payment Date occurring in December of 1997 (each, a "Mandatory Sinking Account Payment Date"), at a redemption price equal to 100% of the principal amount thereof plus accrued interest as follows: Mandatory Sinking Year Account Payments ---- ---------------- 1997 30,000 1998 35,000 1999 35,000 2000 40,000 2001 40,000 2002 40,000 2003 40,000 2004 45,000 2005 45,000 2006 50,000 2007 50,000 2008 50,000 2009 55,000 2010 55,000 2011 60,000 2012 60,000 2013 65,000 2014 65,000 2015 70,000 2016* 70,000 *Final maturity of the Bonds is December 1, 2016 Optional Redemption On or prior to the Conversion Date, the Bonds are subject to redemption by the Authority, at the option of the Company, at any time, subject to the notice provisions described below, in whole or in part, at the redemption price of 100% of the principal amount thereof being redeemed plus accrued interest to the redemption date. No such optional redemption shall occur unless there shall be available in the Bond Fund established under the Indenture sufficient Available Moneys (as defined in the Indenture) to pay all amounts due with respect to such a redemption. In the event any of the Bonds or portions thereof are called for redemption as aforesaid, notice of the call for redemption, identifying the Bonds or portions thereof to be redeemed and the redemption price (including the premium, if any), shall be given by the Trustee by mailing a copy of the redemption notice by first-class mail at least thirty (30) days but not more than sixty (60) days prior to the date fixed for redemption to the Owner of each Bond to be redeemed in whole or in part at the address shown on the registration books. Any notice mailed as provided above shall be conclusively presumed to have been duly given, whether or not the Owner receives the notice. No further interest shall accrue on the principal of any Bond called for redemption after the redemption date if Available Moneys (as defined in the Indenture) sufficient for such redemption have been deposited with the Trustee. Notwithstanding the foregoing, the notice requirements contained in the first sentence of this paragraph may be deemed satisfied with respect to a transferee of a Bond which has been purchased pursuant to the Demand Purchase Option under certain circumstances provided i...
Mandatory Sinking Fund Redemption. The Certificates with a Maturity of January 2, 2014 and the Certificates with a Maturity of January 2, 2019 shall be subject to partial redemption, at the aggregate principal amount set forth for the Certificates of the respective Maturity, on a pro rata basis, on each date specified in this Section (a "Sinking Fund Redemption Date") for such payment on the Certificates of such Maturity. The Owner Trustee shall deposit funds sufficient to pay the Sinking Fund Redemption Price with the Indenture Trustee as provided in Section 6.04 hereof. The Indenture Trustee shall pay from the amounts so deposited on each applicable Sinking Fund Redemption Date to the Holders of each Certificate then Outstanding on a pro rata basis the aggregate principal amount set forth below, together with accrued interest to such Sinking Fund Redemption Date, but without Make-Whole Premium (the "Sinking Fund Redemption Price"): Principal Amount ________________ Certificates Certificates Sinking Fund with a Maturity of with a Maturity of Redemption Date January 2, 2014 January 2, 2019 _______________ __________________ __________________ July 2, 1996 $510,868 $0 January 2, 1997 0 0 July 2, 1997 1,141,159 0 January 2, 1998 0 0 July 2, 1998 1,222,295 0 January 2, 1999 0 0 July 2, 1999 1,309,200 0 January 2, 2000 0 0 July 2, 2000 1,402,284 0 January 2, 2001 276,806 0 July 2, 2001 1,235,021 0 January 2, 2002 3,632,348 0 July 2, 2002 1,936,583 0 January 2, 2003 0 0 July 2, 2003 194,352 0 January 2, 2004 0 0 July 2, 2004 0 0 January 2, 2005 2,086,977 0 July 2, 2005 0 0 January 2, 2006 1,594,926 0 July 2, 2006 0 0 January 2, 2007 1,454,904 0 July 2, 2007 0 0 January 2, 2008 2,558,408 0 July 2, 2008 0 0 January 2, 2009 2,425,322 0 July 2, 2009 0 0 January 2, 2010 2,533,830 0 July 2, 2010 0 0 January 2, 2011 3,650,619 0 July 2, 2011 0 0 January 2, 2012 4,598,732 0 July 2, 2012 0 0 January 2, 2013 4,937,754 0 July 2, 2013 0 0 January 2, 2014 6,012,612 0 July 2, 2014 0 0 January 2, 2015 0 0 July 2, 2015 0 0 January 2, 2016 0 0 July 2, 2016 0 0 January 2, 2017 0 5,757,627 July 2, 2017 0 0 January 2, 2018 0 6,212,676 July 2, 2018 0 0 January 2, 2019 0 6,118,697 -------------------- -------------------- Total $ 44,715,000 $ 18,089,000
Mandatory Sinking Fund Redemption. The $ Term Bonds maturing on August 1, 20 , are subject to mandatory sinking fund redemption on each Redemption Date in the respective principal amounts as set forth in the following schedule, at a redemption price equal to 100% of the principal amount thereof to be redeemed, without premium, together with interest accrued thereon to the date fixed for redemption: Mandatory Sinking Fund Redemption Date (August 1) Principal Amount to be Redeemed
Mandatory Sinking Fund Redemption. The Certificates shall be subject to partial redemption, at the aggregate principal amount set forth for the Certificates of the respective Series and Maturity, on a pro rata basis, on each date specified on Schedule I attached hereto (a "Sinking Fund Redemption Date") for such payment on the Certificates of such Series and Maturity. The Owner Trustee shall deposit funds sufficient to pay the Sinking Fund Redemption Price with the Indenture Trustee as provided in Section 6.04 hereof. The Indenture Trustee shall pay from the amounts so deposited on each applicable Sinking Fund Redemption Date to the Certificates of each Series in the order of priority set forth in clause "first" of Section 5.01 hereof and among the Holders of the Certificates of each Series then Outstanding on a pro rata basis the aggregate principal amount set forth on Schedule I attached hereto, together with accrued interest to such Sinking Fund Redemption Date, but without Make-Whole Premium (the "Sinking Fund Redemption Price").
Mandatory Sinking Fund Redemption. The Term Bonds maturing on September 1, 2048 (the “Term Bonds”) are subject to mandatory sinking payment redemption in part on September 1, 2019, and on each September 1 thereafter to maturity, by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from sinking payments as follows: Redemption Date
Mandatory Sinking Fund Redemption. The Bonds are subject to mandatory sinking fund redemption on the Interest Payment Date occurring in the month of August in each of the years [insert year] to 2018, in the principal amounts set forth in the Indenture, at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest to the date of redemption.
Mandatory Sinking Fund Redemption. The Series 2019 Bonds maturing on , 20 are subject to mandatory sinking fund redemption prior to maturity, at a redemption price equal to the purchase amount thereof plus accrued interest to the date of redemption in accordance with the following schedules: 20 Term Bond Date Amount * 20 Term Bond Date Amount * *Final Maturity]
Mandatory Sinking Fund Redemption. The Bonds are subject to --------------------------------- mandatory sinking fund redemption commencing April 1, 1997 and on each April 1 thereafter and the November 1 prior to maturity in the principal amounts set forth below. All such redemptions shall be at a redemption price of 100% of the principal amount thereof, without premium, plus accrued interest to the redemption date. APRIL 1 AMOUNT APRIL 1 AMOUNT 1997 $115,000 2003 $220,000 1998 $125,000 2004 $315,000 1999 $190,000 2005 $315,000 2000 $190,000 2006 $315,000 2001 $190,000 2007 $315,000 2002 $190,000 NOVEMBER 1, $185,000 2007
Mandatory Sinking Fund Redemption. The 2015 Term Bonds, upon notice as hereinafter provided, shall also be subject to mandatory sinking fund redemption prior to maturity, in part on June 1 of each year on the Mandatory Sinking Account Payment Dates specified in Section 5.03, by lot, from and in the amount of the mandatory sinking account payments set forth in Section 5.03 at a redemption price equal to the sum of the principal amount thereof plus accrued interest thereon to the redemption date, without premium.
Mandatory Sinking Fund Redemption. The Bonds maturing June 1, 20__are subject to mandatory redemption in part by lot, at a redemption price equal to 100% of the principal amount thereof to be redeemed, without premium, in the aggregate respective principal amounts and on June 1 in the respective years as set forth in the following table; provided, however, that if some but not all of the Bonds have been optionally redeemed, the total amount of all future sinking fund payments shall be reduced by the aggregate principal amount of the Bonds so redeemed, to be allocated among such sinking fund payments in integral multiples of $5,000 as determined by the Authority (as set forth in a schedule provided by the Authority to the Trustee). Term Bonds Maturing July 1, 2047 Sinking Fund Redemption Date Principal Amount (June 1) To Be Redeemed $ (Maturity)
