Sinking Fund definition

Sinking Fund means each Sinking Fund Subaccount under the Indenture. To the extent necessary for compliance with the Authority’s tax covenants and other provisions of the Indenture and the Act, the Authorized Officers of the Authority may subdivide each such subaccount in respect of separate categories or issues of Sinking Fund Bonds.

Sinking Fund means a fund for the payment of principal only of a mandatory redemption security.

Sinking Fund means the fund comprising of the amounts to be paid/deposited and/or contributed by each Unit, including the Purchaser/s herein, towards sinking fund which shall be held by the Maintenance Agency on account of maintenance expenses.

Examples of Sinking Fund in a sentence

• Any balance remaining in the 2023 Construction Account after payment of all disputed claims, claims for repair work, and obligations for additional improvements or equipment authorized by Subsection (Third) of Section 5.11 hereof shall be transferred to the Sinking Fund within ten (10) days after the last payment of such obligations and the 2023 Construction Account shall be closed.

• On , 20 , the Trustee shall transfer any balance remaining in the 2023 Bond Interest Account of the Project Fund to the Sinking Fund and the 2023 Bond Interest Account shall be closed.

• Satisfaction of Sinking Fund Payments With Securities 50 Section 12.03.

• Redemption of Securities for Sinking Fund 50 ARTICLE THIRTEEN GUARANTEE Section 13.01.

• Upon receipt of such computation, the Trustee shall at the direction of the Corporation deposit such amount in the Rebate Fund from the 2023 Construction Account, the Operation Fund or investment earnings on the Sinking Fund.

More Definitions of Sinking Fund

Sinking Fund means the Bond Fund.

Sinking Fund means, with respect to any Sinking Fund Securities, a sinking fund provided for in Article Twelve.

Sinking Fund means principal debt payments made dur- ing a company’s fiscal year.

Sinking Fund means the fund established by a body corporate under section 38(4).

Sinking Fund means the Sinking Fund established under Section 3.08 hereof, which Sinking Fund may be maintained by the Trustee as part of the Bond Fund.

Sinking Fund means a fund held for the retirement of term bonds.

Sinking Fund means a separate account made up of segregated contributions by the Government to accumulate funds for the redemption of public debt;