Mandatory Sinking Fund Redemption Sample Clauses

Mandatory Sinking Fund Redemption. The Series 2022 A Bonds maturing on July 1, 20__ shall be retired by Sinking Fund Installments which shall be accumulated in the Principal Account at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest to the redemption date. The Sinking Fund Installments shall be sufficient to redeem the principal amount of the Series 2022 A Bonds on July 1 in each of the years and in the principal amounts as follows: Date Principal Amount Mandatory Sinking Fund Redemption. The Series 2022 B Bonds maturing on July 1, 20__ shall be retired by Sinking Fund Installments which shall be accumulated in the Principal Account at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest to the redemption date. The Sinking Fund Installments shall be sufficient to redeem the principal amount of the Series 2022 B Bonds on July 1 in each of the years and in the principal amounts as follows: Date Principal Amount * Final Maturity Whenever any Bonds are to be called for redemption in part, such Bonds may be called for redemption in any order of maturity and in any principal amount within a maturity as the Authority may designate, with the consent of the College, and in the case of any Bonds subject to scheduled mandatory redemption, the Authority may designate, with the consent of the College, whether such partial redemption shall be credited against the principal amount due at maturity or against particular scheduled Sinking Fund Installments with respect to such Bond. The Series 2022 A Bonds to be redeemed within any maturity shall be selected by the Trustee by lot or by any other method. See “DESCRIPTION OF THE BONDS – Book-Entry-Only System.” If the Series 2022 B Bonds are registered in book-entry-only form and so long as DTC or a successor securities depository is the sole registered owner of the Series 2022 B Bonds, if less than all of the Series 2022 B Bonds of a maturity are called for redemption, the particular Series 2022 B Bonds of such maturity or portions thereof to be redeemed will be selected on a pro rata pass-through distribution of principal basis in accordance with the DTC procedures. It is the intention of the Authority that redemption allocations of the Series 2022 B Bonds made by DTC be made on a pro rata pass-through distribution of principal basis as described above. However, none of the Authority, the College or the Underwriters of the Series 2022 B Bonds can provide any assurance th...

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 in this Section (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 and among the Holders of the Certificates of each Series 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 Series A Series B Series C Certificates Certificates Certificates Sinking Fund with a Maturity of with a Maturity of with a Maturity of Redemption Date January 15, 2018 January 15, 2018 January 15, 2014 ---------------- ------------------ ------------------ ------------------ July 15, 1997 0 0 0 January 15, 1998 192,704 250,055 0 July 15, 1998 474,776 0 0 January 15, 1999 350,565 250,305 75,480 July 15, 1999 316,915 0 0 January 15, 2000 339,643 250,305 333,740 July 15, 2000 327,837 0 0 January 15, 2001 408,040 250,305 333,740 July 15, 2001 259,440 0 0 January 15, 2002 581,596 250,305 333,740 July 15, 2002 85,884 0 0 January 15, 2003 667,480 250,305 530,847 July 15, 2003 0 0 0 January 15, 2004 667,480 250,305 721,692 July 15, 2004 0 0 0 January 15, 2005 667,480 250,305 839,540 July 15, 2005 0 0 0 January 15, 2006 667,480 250,305 808,994 July 15, 2006 0 0 0 January 15, 2007 667,480 250,305 3,739,396 July 15, 2007 0 0 0 January 15, 2008 667,480 250,305 652,598 July 15, 2008 0 0 0 January 15, 2009 667,480 250,305 1,528,250 July 15, 2009 0 0 0 January 15, 2010 667,480 336,300 1,665,821 July 15, 2010 0 0 0 January 15, 2011 667,480 2,884,537 0 July 15, 2011 0 0 0 January 15, 2012 667,480 3,168,600 0 July 15, 2012 0 0 0 January 15, 2013 3,890,457 1,009,716 0 July 15, 2013 0 0 0 January 15, 2014 754,478 0 4,531,162 July 15, 2014 0 0 0 January 15, 2015 5,701,038 0 0 July 15, 2015 0 0 0 January 15, 2016 6,145,275 0 0 July 15, 2016 0 0 0 January 15, 2017 6,624,128 0 0 July 15, 2017 0 0 0 January 15, ...

Mandatory Sinking Fund Redemption. The Bonds maturing on August 1, 20 (the “Term Bonds”), are subject to mandatory sinking fund redemption on August 1 of each year in accordance with the schedule set forth below. The Term Bonds so called for mandatory sinking fund redemption shall be redeemed in the sinking fund payments amounts and on the dates set forth below, without premium.

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 Bonds maturing on August 1, , are also subject to mandatory redemption from sinking fund payments made by the Successor Agency, in part by lot, on August 1, , and on each August 1 thereafter, to and including August 1, , at a redemption price equal to the principal amount thereof to be redeemed together with accrued interest thereon to the redemption date, without premium, as set forth in the following table:

Mandatory Sinking Fund Redemption. The Outstanding Bond is subject to mandatory sinking fund redemption, in part, on September 1, 20 , and on each September 1 thereafter to maturity, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date of redemption, without premium, and from sinking fund payments as follows: Redemption Date (September 1) Sinking Fund Payment $ (final maturity)

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 are subject to mandatory sinking fund redemption on the Interest Payment Date occurring in the month of September in each of the years set forth below commencing on the Interest Payment Date occurring in September of 1998 (each, a "Mandatory Sinking Account Fund Date"), at a redemption price equal to 100% of the principal amount thereof plus accrued interest as follows:

Mandatory Sinking Fund Redemption. The Series 2024 Bonds are issued as Term Bonds 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 schedule: 20 Term Bond *Final Maturity The Trustee shall credit against the mandatory sinking fund requirement for the Series 2024 Bonds, and corresponding mandatory redemption obligation, in the order determined by the Issuer, any Series 2024 Bonds which have previously been redeemed (otherwise than as a result of a previous mandatory redemption requirement) or delivered to the Trustee for cancellation or purchased for cancellation by the Trustee and not theretofore applied as a credit against any redemption obligation. Each Series 2024 Bond so delivered or cancelled shall be credited by the Trustee at one hundred percent (100%) of the principal amount thereof against the mandatory sinking fund obligation on such mandatory redemption date, and any excess of such amount shall be credited on future redemption obligations, and the principal amount of bonds to be redeemed by operation of the mandatory sinking fund requirement shall be accordingly reduced; provided, however, the Trustee shall only credit such bonds to the extent received on or before forty-five