Special Redemption Fund definition

Special Redemption Fund means the fund designated as such and described in Section 34(a)(3) of the 2007 Resolution and Section 18(a)(3) of this resolution.
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Special Redemption Fund means the Fund by that name established pursuant to Section 4 hereof.
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Special Redemption Fund means the Water System Revenue Bond Special Redemption Fund created by Section 5.9.
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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.

  • All income derived from such investments shall be credited to the fund or account from which the investment was made; provided, however, that at any time that the Reserve Requirement is on deposit in the Reserve Account, any income derived from investment of the Reserve Account shall be deposited into the Special Redemption Fund and used to pay principal and interest on the Bonds.

  • All income from the investment of amounts in the Special Redemption Fund must be transferred to the Earnings Account.

  • 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.

  • 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.

  • Sufficient revenues have been pledged to the Water Utility Special Redemption Fund and will be used for no other purpose than to pay the principal of and interest on the Bonds and the Outstanding Bonds as the same becomes due.

  • Any accrued interest must be deposited in the Interest and Principal Account of the Special Redemption Fund.

  • 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.

  • Sufficient revenues are hereby pledged to the Special Redemption Fund and shall be used for no purpose other than to pay the principal of and interest on the Outstanding Bonds, the Bonds, and any Parity Bonds as the same shall become due.

  • The Special Redemption Fund must be maintained as a separate fund either in the treasury of the Municipality or with a trustee.


More Definitions of Special Redemption Fund

Special Redemption Fund means the fund designated as such and described in Section 18 of this resolution.
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Special Redemption Fund means the fund created in Section 3.02 of the Ordinance and governed by Section 3.11 of the Ordinance.
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Special Redemption Fund means the Water System Special Redemption Fund created in the Bond Resolution.
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Special Redemption Fund means the “MidCities Metropolitan District No. 2 Special Revenue Refunding Bonds, Series 2022 Special Redemption Fund,” established by the provisions hereof for the purposes set forth herein.
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Special Redemption Fund means the Special Redemption Fund to be established in accordance with Section 3.3(c) of this Agreement.
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Special Redemption Fund means the Special Redemption Fund to be established in accordance with Section 4.4.3 of this Agreement.
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Related to Special Redemption Fund

  • Special Redemption has the meaning set forth in Section 15.1.A hereof.

  • Special Redemption Date has the meaning set forth in Section 10.2.

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Redemption Fund means the fund by that name established pursuant to Section 5.04.

  • Initial Redemption Date means, with respect to any Note or portion thereof to be redeemed pursuant to Section 3.1(b), the date on or after which such Note or portion thereof may be redeemed as determined by or pursuant to the Indenture or a Note Certificate of Supplemental Indenture.

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Optional Redemption Price means $25,000 per share plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends plus any applicable redemption premium attributable to the designation of a Premium Call Period.

  • Optional Redemption Period shall have the meaning set forth in Section 6(a).

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Special Event Redemption Price has the meaning specified in Section 11.2.

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Tax Redemption Date shall have the meaning specified in Section 16.02(a).

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of: