Principal Payment Schedule Clause Samples
Principal Payment Schedule. The Series 2014 Bonds shall mature or be payable pursuant to Mandatory Sinking Fund Redemption Requirements on the Principal Payment Dates in principal amounts as shall be determined by the Director of Finance, subject to subsection (d) of this Section, in the Certificate of Award, which determination shall be consistent with the best interest of and financial advantages to the City. Consistent with the foregoing and in accordance with a determination which is in the best interest of and financially advantageous to the City, the Director of Finance shall specify in the Certificate of Award (i) the aggregate principal amount of Series 2014 Bonds to be issued as Serial Bonds, the Principal Payment Date or Dates on which those Series 2014 Bonds shall be stated to mature and the principal amount thereof that shall be stated to mature on each such Principal Payment Date, (ii) the aggregate principal amount of Series 2014 Bonds to be issued as Term Bonds, the Principal Payment Date or Dates on which those Series 2014 Bonds shall be stated to mature, the principal amount thereof that shall be stated to mature on each such Principal Payment Date, the Principal Payment Date or Dates on which Term Bonds shall be subject to mandatory sinking fund redemption (each a “Mandatory Redemption Date”) and the principal amount thereof that shall be payable pursuant to Mandatory Sinking Fund Redemption Requirements on each Mandatory Redemption Date.
Principal Payment Schedule. The Administrative Agent will maintain, in the form of EXHIBIT 5.1.3 hereto, a schedule of principal payments ("PRINCIPAL PAYMENT SCHEDULE") showing (a) on a consolidated basis the schedule of principal payments due under all Converted 7 Year Loans, and (b) on a consolidated basis the schedule of principal payments due under all Converted 10 Year Loans. The Administrative Agent will update the Principal Payment Schedule as of each Conversion Date with respect to which Borrower has made a Conversion Election and on the Banking Day following the last day of the Availability Period, and the Principal Payment Schedule as so updated will automatically replace and supersede EXHIBIT 5.1.3 hereto.