Bond and Interest Fund definition

Bond and Interest Fund means the Bond and Interest Fund of the Issuer for its general obligation bonds.
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Bond and Interest Fund means the Bond and Interest Fund of the City for its general
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Bond and Interest Fund means the Bond and Interest Fund authorized, established, designated, and provided for in Section 5.03(a)(2) of the Bond Resolution.
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Examples of Bond and Interest Fund in a sentence

  • The proceeds derived from said taxes shall be deposited in the Bond and Interest Fund, shall be kept separate and apart from all other funds of the Issuer shall thereafter be deposited in the Debt Service Account and shall be used solely for the payment of the principal of and interest on the Notes as and when the same become due, and the fees and expenses of the Paying Agent.

  • The proceeds derived from said taxes shall be deposited in the Bond and Interest Fund, shall be kept separate and apart from all other funds of the Issuer shall thereafter be transferred to the Debt Service Account and shall be used solely for the payment of the principal of and interest on the Bonds as and when the same become due, taking into account any scheduled mandatory redemptions, and the fees and expenses of the Paying Agent.

  • Any moneys or investments remaining in the Debt Service Account after the retirement of the Bonds shall be transferred and paid into the Bond and Interest Fund.

  • Any moneys or investments remaining in the Debt Service Account after the retirement of the indebtedness for which the Notes were issued shall be transferred and paid into the Bond and Interest Fund.

  • Bond and Interest Fund – used to account for the accumulation of resources, including tax levies, transfers from other funds and payment of general long-term debt.

  • Bond and Interest Fund - used to account for the accumulation of resources, including tax levies, transfers from other funds and payment of general long-term debt.

  • The City has electively added the General Bond and Interest Fund as a major fund.

  • Bond and Interest Fund This fund is used to record proceeds of tax levies for bond and interest (debt service) purposes and to account for payment of principal, interest, and related charges on outstanding bonds.

  • Any moneys remaining in the Rebate Fund after redemption and payment of all of the Bonds and payment and satisfaction of any Rebate Amount, or provision made therefor, shall be deposited into the Bond and Interest Fund.

  • Any moneys remaining in the Rebate Fund after redemption and payment of all of the Notes and payment and satisfaction of any Rebate Amount, or provision made therefor, shall be deposited into the Bond and Interest Fund.


More Definitions of Bond and Interest Fund

Bond and Interest Fund means the fund set aside by the City to consolidate and
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Bond and Interest Fund means the fund by that name established pursuant to Section 7.1 of this Indenture.
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Bond and Interest Fund means the Bond and Interest Fund of the Unified Govern- ment for its general obligation bonds.
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Bond and Interest Fund means the Bond and Interest Fund of the Unified Government for its general obligation bonds. “Bond Resolution” means the resolution to be adopted by the governing body of the Unified Government prescribing the terms and details of the Bonds and making covenants with
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Bond and Interest Fund means the Bond and Interest Fund of the City for its general 187 obligation bonds. 188 189 "Bond Counsel" means the firm of Xxxxxxx and Xxxxx Chartered, or any other attorney 190 or firm of attorneys with a nationally recognized standing in the field of municipal bond financ- 191 ing as selected by the City. 192 193 "Bond Payment Date" means any date on which principal of or interest on any Bond is 194 payable. 195
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Bond and Interest Fund means the Bond and Interest Fund of the District for its General Obligation Bonds, including any general obligation refunding bonds.
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Related to Bond and Interest Fund

  • Principal and Interest Account The principal and interest account created by the Servicer pursuant to Section 8.08(a) hereof. The Principal and Interest Account shall be an Eligible Account.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Interest Reserve Account As defined in Section 3.4(d).

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.