Bond Payments. The Authority will duly and punctually pay the principal of, premium, if any, and interest on the Project Bonds at the dates and the places and in the manner mentioned in the Project Bonds and in the respective Project Indentures, according to the true intent and meaning thereof and hereof, but solely out of the Base Rental Payments and other sources of funds specified herein and in the respective Project Indentures.
Bond Payments to set aside on each Maturity Date for Bonds, each date for the redemption of Bonds pursuant to Section 4.01, each date on which the principal of and accrued interest on the Bonds has been declared to be due and payable immediately pursuant to Section 7.02, and each Interest Payment Date for Bonds, while a Credit Facility for such Bonds is in effect hereunder, (and, if the Securities Depository is the Holder of such Bonds, transfer to it by the DTC Settlement Deadline) an amount sufficient to pay the principal of and premium, if any, and interest on such Bonds then due, and
Bond Payments. 3.1. A bond must be paid by the Hirer as security against damage to the building, furniture, fittings and any cleaning undertaken by Council or the Facility Manager resulting from the Hirer’s use of the premises.
3.2. Bond amounts must be paid in full prior to the hire date.
3.3. The Hirer will be liable for any additional amount in excess of the bond to meet the full cost of damage/cleaning.
3.4. If there is no breach of the conditions of usage, the bond will be refunded in full within a maximum of 21 working days post hire date.
3.5. The Facility Manager/Booking Officer will have discretion as to whether any part of the bond is returned to the Hirer should a breach occur. Xxxxxxxx will be clearly outlined and costed in writing.
3.6. If the hirer wishes to dispute the decision to retain part or all of the bond, the hirer is required to make written request to the applicable Council Facility Manager to have the matter investigated.
Bond Payments. The Bond shall be refunded to the Hirer upon the return of the vehicle and within one week subject to the Owner’s entitlement to retain from the Security Bond any amount payable pursuant to clause 9.1 and in breach of restrictions as described but not limited to below:
(a) The Vehicle is not to be altered in any way. Nothing is to be tied to the vehicle on the outside or top.
(b) No heavy, hard or sharp items are to be transported or stored in the vehicle interior. e.g Eskies, BBQ’s, Bikes
(c) The pull out awning must not be left out in wind or wet conditions, or when the vehicle is unattended.
(d) Replacement cost of any item found to be broken, missing, damaged or lost, either on the interior or exterior including but not limited to the detailed caravan contents list – as sighted upon pickup – will be deducted from the bond.
(e) The hirer is expected to make good all damaged tyres and rims with the same brand & type as currently fitted. Failure to do so will incur such cost being deducted from the bond.
(f) The coupling lock as supplied must be fitted when the vehicle is unattended.
Bond Payments a. The State will deposit with the Fiscal Agent (to be held and applied by the Fiscal Agent for the payment of interest, principal or Redemption Price, as the case may be, subject to Section 7.1.c hereof): (i) for interest-bearing Bonds, on each Interest Payment Date of the Bonds, an amount in immediately available funds sufficient to pay, on such Interest Payment Date, 100% of the interest to be due on all Bonds then outstanding; (ii) on maturity and each redemption date of the Bonds, as the case may be, an amount in immediately available funds which, together with any amounts then held by the Fiscal Agent and available for the payment thereof, shall be equal to 100% of the entire amount of the principal or Redemption Price to be due on all the Bonds then outstanding and maturing or being redeemed, respectively, on such maturity or redemption date.
b. In the event the date of any payment hereunder, for interest, redemption or maturity, is not a Business Day, payment may be made on the next succeeding Business Day, and no interest shall accrue for the intervening period.
Bond Payments. Payments received by the Custodian with respect to a series of Immobilized Bonds shall be promptly paid over to the Depositor except as set forth herein. If the Custodian either obtains actual knowledge that a payment received with respect to the Immobilized Bonds has not been made in accordance with the applicable Bond Documents or the Custodian receives written notice from Xxxxxxx Mac or the Servicer that such payment has not been made in accordance with the applicable Bond Documents, such payment shall not be paid over to the Depositor, but instead shall be returned to the applicable Bond Trustee to be disbursed in accordance with the applicable Bond Documents. If the Custodian either obtains actual knowledge of an Event of Default or the Custodian receives written notice from Xxxxxxx Mac or the Servicer of an Event of Default, any payments wrongfully received by the Custodian with respect to the related series of Immobilized Bonds shall not be paid over to the Depositor, but instead shall be held by the Custodian in escrow hereunder and shall, subject to Section 5.2(vi) below, be invested at the written direction of the Depositor pending the resolution of the Event Default. If such Event of Default is cured or waived, the Custodian shall release the applicable funds to the Depositor at the written direction of Xxxxxxx Mac. If such Event of Default is not cured or waived and an acceleration occurs with respect to the related series of Senior Bonds, at the written direction of Xxxxxxx Mac, the Custodian shall release such funds to Xxxxxxx Mac in payment for any obligations due to Xxxxxxx Mac with respect to such Senior Bonds.
Bond Payments. For the avoidance of doubt, it is agreed and understood that no cash payments in respect of the Secured Bonds or the Subordinated Bonds shall be made by Borrowers at any time during the Forbearance Period.
Bond Payments. (a) The State will deposit into an External Bank Account designated for such purpose or purposes (to be held and applied by the Fiscal Agent for the payment of interest, principal or Redemption Price, as the case may be, subject to Section 7.01(c)): (i) for interest-bearing Bonds, four (4) Business Days prior to each Interest Payment Date of the Bonds, an amount in immediately available funds sufficient to pay, on such Interest Payment Date, 100% of the interest to be due on all Bonds then outstanding; and (ii) four (4) Business Days prior to maturity and each redemption date of the Bonds, as the case may be, an amount in immediately available funds which, together with any amounts then held in an External Bank Account and available for the payment thereof, shall be equal to 100% of the entire amount of the principal or Redemption Price to be due on all the Bonds then outstanding and maturing or being redeemed, respectively, on such maturity or redemption date.
(b) In the event the date of any payment hereunder, for interest, redemption or maturity, is not a Business Day, payment may be made on the next succeeding Business Day, and no interest shall accrue for the intervening period.
Bond Payments. 3.1 An appropriate bond must be paid by the Hirer as security against damage to the building, furniture, fittings and any cleaning undertaken by Council or Croydon Tennis Club resulting from the Hirer’s use of the premises.
Bond Payments a. The State will deposit into an External Bank Account designated for such purpose or purposes (to be held and applied by the Fiscal Agent for the payment of interest, principal or Redemption Price, as the case may be, subject to Section 7.1.c): (i) for interest-bearing Bonds, on each Interest Payment Date of the Bonds, an amount in immediately available funds sufficient to pay, on such Interest Payment Date, 100% of the interest to be due on all Bonds then outstanding; and (ii) on maturity and each redemption date of the Bonds, as the case may be, an amount in immediately available funds which, together with any amounts then held in an External Bank Account and available for the payment thereof, shall be equal to 100% of the entire amount of the principal or Redemption Price to be due on all the Bonds then outstanding and maturing or being redeemed, respectively, on such maturity or redemption date.
b. In the event the date of any payment hereunder, for interest, redemption or maturity, is not a Business Day, payment may be made on the next succeeding Business Day, and no interest shall accrue for the intervening period.
