Optional Sinking Fund Payment Clause Samples
An Optional Sinking Fund Payment clause allows the issuer of a bond to make additional payments into a sinking fund beyond the required minimum schedule. In practice, this means the issuer can retire more of the outstanding bonds earlier than originally planned, often by purchasing bonds on the open market or calling them at a set price. This clause provides the issuer with flexibility to manage debt levels and interest costs, while also offering bondholders increased security that the issuer is proactively reducing its obligations.
Optional Sinking Fund Payment. The term “
Optional Sinking Fund Payment. The term “Optional Sinking Fund Payment” shall have the meaning assigned to it in Section 5.01(b).
Optional Sinking Fund Payment. The term “Optional Sinking Fund Payment” shall have the meaning assigned to it in Section 5.01(b). Original Issue Discount Security: The term “Original Issue Discount Security” shall mean any Security that is issued with “original issue discount” within the meaning of Section 1273(a) of the Code and the regulations thereunder, or any successor provision, and any other Security designated by the Company as issued with original issue discount for United States federal income tax purposes. Outstanding: The term “Outstanding,” when used with respect to Securities means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except:
Optional Sinking Fund Payment. If provided for by the terms of Securities of any series, the cash amount of any Mandatory Sinking Fund Payment may be subject to reduction as provided in Section 5.02.
Optional Sinking Fund Payment. Sale and Lease-Back Transaction...........
Optional Sinking Fund Payment. 9 OUTSTANDING.............................................................9
Optional Sinking Fund Payment. The term "Optional Sinking Fund Payment" shall have the meaning specified in Section 13.1.
Optional Sinking Fund Payment. Sale and Lease-Back Transaction . . . . . . . . . . . . . .