Mandatory Sinking Fund Redemption Sample Clauses

Mandatory Sinking Fund Redemption. The Series 1998A Bonds will be subject to mandatory redemption and payment prior to their stated maturity on September 1 of each year, at 100% of the principal amount thereof, plus accrued interest to the redemption date, without premium, in accordance with the terms of the Indenture. Selection of Series 1998A Bonds to be Redeemed. Series 1998A Bonds in the Weekly Mode or the Monthly Mode shall be redeemed in the principal amount of $100,000 or any integral multiple of $5,000 in excess thereof. Series 1998A Bonds in any other Interest Rate Mode shall be redeemed in the principal amount of $5,000 or any integral multiple thereof. The Series 1998A Bonds to be redeemed shall be selected by the Trustee first from Series 1998A Bonds registered in the name of or for the account of or pledged as security to the Letter of Credit Provider, next from all other Series 1998A Bonds (other than Series 1998A Bonds registered in the name of or for the account of the Lessee other than Series 1998A Bonds pledged as security to the Letter of Credit Provider), and then, from Series 1998A Bonds registered in the name of or for the account of the Lessee. Except for the order set forth above, selection of Series 1998A Bonds or portions of Series 1998A Bonds to be redeemed shall be by such method as the Trustee shall deem equitable, provided that for this purpose Series 1998A Bonds of a denomination larger than the minimum authorized denomination or integral multiples thereof shall be treated on the same basis as if they were the appropriate number of Series 1998A Bonds of such minimum authorized denomination. The portions of the principal of outstanding Series 1998A Bonds so selected for partial redemption shall be equal to such minimum authorized denomination or integral multiples thereof. Any Series 1998A Bond which is to be redeemed only in part shall be submitted to the Paying Agent and delivered to the Trustee who shall authenticate and deliver to the Owner of such Series 1998A Bond, without service charge, a new Series 1998A Bond or Series 1998A Bonds, of any authorized denomination as requested by such Owner in an aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Series 1998A Bonds so surrendered. If the Owner of any such Series 1998A Bond of a denomination greater than the minimum authorized denomination for such Series 1998A Bond fails to present such Series 1998A Bond to the Paying Agent for payment and exchange as a...

Mandatory Sinking Fund Redemption. The Certificates with a Maturity of January 2, 2014 and the Certificates with a Maturity of January 2, 2019 shall be subject to partial redemption, at the aggregate principal amount set forth for the Certificates of the respective 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 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 Holders of each Certificate 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 ________________ Certificates Certificates Sinking Fund with a Maturity of with a Maturity of Redemption Date January 2, 2014 January 2, 2019 _______________ __________________ __________________ July 2, 1996 $510,868 $0 January 2, 1997 0 0 July 2, 1997 1,141,159 0 January 2, 1998 0 0 July 2, 1998 1,222,295 0 January 2, 1999 0 0 July 2, 1999 1,309,200 0 January 2, 2000 0 0 July 2, 2000 1,402,284 0 January 2, 2001 276,806 0 July 2, 2001 1,235,021 0 January 2, 2002 3,632,348 0 July 2, 2002 1,936,583 0 January 2, 2003 0 0 July 2, 2003 194,352 0 January 2, 2004 0 0 July 2, 2004 0 0 January 2, 2005 2,086,977 0 July 2, 2005 0 0 January 2, 2006 1,594,926 0 July 2, 2006 0 0 January 2, 2007 1,454,904 0 July 2, 2007 0 0 January 2, 2008 2,558,408 0 July 2, 2008 0 0 January 2, 2009 2,425,322 0 July 2, 2009 0 0 January 2, 2010 2,533,830 0 July 2, 2010 0 0 January 2, 2011 3,650,619 0 July 2, 2011 0 0 January 2, 2012 4,598,732 0 July 2, 2012 0 0 January 2, 2013 4,937,754 0 July 2, 2013 0 0 January 2, 2014 6,012,612 0 July 2, 2014 0 0 January 2, 2015 0 0 July 2, 2015 0 0 January 2, 2016 0 0 July 2, 2016 0 0 January 2, 2017 0 5,757,627 July 2, 2017 0 0 January 2, 2018 0 6,212,676 July 2, 2018 0 0 January 2, 2019 0 6,118,697 -------------------- -------------------- Total $ 44,715,000 $ 18,089,000

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 are subject to mandatory sinking fund redemption on the Interest Payment Date occurring in the month of August in each of the years [insert year] to 2018, in the principal amounts set forth in the Indenture, at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest to the date of redemption.

Mandatory Sinking Fund Redemption. The Series A Bonds maturing on August 1, 20 (the “20 Term Bonds”), are subject to redemption prior to maturity from mandatory sinking fund payments on August 1 of each year, on and after August 1, 20 , at a redemption price equal to the principal amount thereof, together with accrued interest to the date fixed for redemption, without premium. The principal amount represented by such 20 Term Bonds to be so redeemed and the dates therefor and the final payment date is as indicated in the following table:

Mandatory Sinking Fund Redemption. Bonds maturing on September 1, 20 (the “Term Bonds”) shall be subject to mandatory sinking fund redemption, in part, on September 1 in each year, commencing September 1, 20 , at a Redemption Price equal to the principal amount of the Bonds to be redeemed, without premium, plus accrued interest thereon to the date of redemption, in the aggregate respective principal amounts in the respective years as follows: (Maturity) $ IMPROVEMENT AREA NO. 1

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 shall be subject to redemption in part on each Bond Payment Date in the amounts and on the dates set forth in the Mandatory Sinking Fund Redemption Schedule attached to the Note, without notice, at a redemption price equal to the principal amount of the Bonds to be redeemed plus accrued but unpaid interest to the date of redemption, from amounts paid by the Borrower as principal under the Note without regard to Authorized Denomination. A revised Mandatory Sinking Fund Redemption Schedule, calculated so as to maintain level payments of debt service on the Bonds, may be delivered to the Trustee at any time by agreement of the Borrower and the Bondholder Representative, accompanied by a Bond Counsel No Adverse Effect Opinion. If less than all of the Bonds have been redeemed other than from sinking fund installments applicable to such Bonds, the principal amount of the Bonds to be redeemed in each month from sinking fund installments shall be decreased pro rata among all sinking fund installments applicable to such Bonds. Any such proportional redemption shall be confirmed in writing by the Trustee to the Bondholder Representative and a new Mandatory Sinking Fund Redemption Schedule shall be provided by the Bondholder Representative to the Trustee. In the event of (i) a conversion to semi-annual Bond Payment Dates pursuant to Article V hereof or (ii) a partial prepayment of the Note after the occurrence of such conversion, the Bondholder Representative will provide the Trustee with a revised Mandatory Sinking Fund Schedule to be attached to the Note and the Bonds shall be subject to redemption pursuant to such revised schedule.

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