Mandatory Sinking Fund Redemption of Bonds. The 2022 Bonds are subject to mandatory sinking fund redemption on September 1 in each year, in the amounts specified in the following table.
Mandatory Sinking Fund Redemption of Bonds. The Bonds maturing June 1, 20 (the “20 Term Bonds”) are subject to mandatory sinking fund redemption at a redemption price equal to the principal amount thereof, plus accrued interest to the redemption date, without premium. The 20 Term Bonds shall be so redeemed on the following dates and in the following amounts:
Mandatory Sinking Fund Redemption of Bonds. Subject to a variation in the sinking fund schedule redemption selected by the Original Purchasers in connection with the conversion of interest on the Bonds to the Tax-Exempt Rate pursuant to the Indenture, the Bonds are subject to mandatory sinking fund redemption on January 1 and July 1 in each year, on the dates and in the amounts specified in the following table.
Mandatory Sinking Fund Redemption of Bonds. (a) The 2022A Bonds will be issued as a single Term Bond subject to mandatory sinking fund redemption at a price equal to the principal amount so redeemed plus accrued interest thereon to the redemption date. As and for a sinking fund for the redemption of the 2022A Bonds, the District will deposit in the 2022A Bond Account, on or before November 1 in each of the following years, moneys which are sufficient to redeem (after credit as provided below) the following principa l amount of the 2022A Bonds: Redemption Date (November 1) Principal Amount 2022 $ The remaining $[ ] of the 2022A will be paid upon presentation and surrender at maturity unless redeemed pursuant to optional redemption prior to maturity.
(b) The 2022B Bonds will be issued as a single Term Bond subject to mandatory sinking fund redemption at a price equal to the principal amount so redeemed plus accrued interest thereon to the redemption date. As and for a sinking fund for the redemption of the 2022B Bonds, the District will deposit in the 2022B Bond Account, on or before November 1 in each of the following years, moneys which are sufficient to redeem (after credit as provided below) the following principa l amount of the 2022B Bonds: Redemption Date (November 1) Principal Amount 2022 $ The remaining $[ ] of the 2022B will be paid upon presentation and surrender at maturity unless redeemed pursuant to optional redemption prior to maturity.
(c) On or before the thirtieth day prior to each sinking fund payment date, the Trustee shall proceed to call the Term Bonds (or any Term Bond or Term Bonds issued to replace such Term Bonds) for redemption from the sinking fund on the next November 1, and shall give notice of such call without other instruction or notice from the District. At its option, to be exercised on or before the sixtieth day next preceding each such sinking fund redemption date, the District may (a) deliver to the Trustee for cancellation Term Bonds subject to mandatory sinking fund redemption on such date in an aggregate principa l amount desired or (b) receive a credit in respect of its sinking fund redemption obligation for any Term Bonds of the same maturity subject to mandatory sinking fund redemption on such date, which prior to said date have been redeemed (otherwise than through the operation of the sinking fund) and cancelled by the Trustee and not theretofore applied as a credit against any sinking fund redemption obligation. Each Term Bond so delivered or previously r...
Mandatory Sinking Fund Redemption of Bonds. The Bonds maturing on March 1, 2029 are subject to mandatory sinking fund redemption and payment prior to stated maturity on March 1 in each year, at 100% of the principal amount thereof, plus accrued interest to the redemption date, without premium, in accordance with the mandatory sinking fund schedule determined as set forth below:
Mandatory Sinking Fund Redemption of Bonds. The Bonds shall be subject to redemption prior to maturity by operation of the Debt Service Account to satisfy Sinking Fund Installments, at a Redemption Price of 100% of the principal amount thereof and accrued interest. Sinking Fund Installments are established by the Indenture for the Bonds. Such Sinking Fund Installments shall be due on October 1 of each of the years set forth in the following table in the respective aggregate redemption amounts set forth opposite such years in said table (together with accrued interest thereon) without premium:
