Sinking Fund Redemption. The Bonds are also subject to redemption prior to their stated Maturity Date, in part, from Mandatory Sinking Account Payments deposited in the Principal Fund pursuant to Section 5.03 on November 1 of the years specified in (1) any Supplemental Bond Indenture approved by the Borrower in writing, in the aggregate principal amounts specified in such Supplemental Bond Indenture, or (2) any schedule delivered by the Borrower to the Trustee pursuant to Section 2.12B, in the aggregate principal amounts specified in such schedule (except on the Maturity Dates for serial Bonds established pursuant to Section 2.12B(6)), in either case at a Redemption Price equal to 100% of the principal amount thereof together with interest accrued thereon to the date fixed for redemption, without premium; provided, however, that, unless otherwise provided in such Supplemental Bond Indenture, the principal amount of Bonds of any subseries to be redeemed on any such date may be modified by Borrower Order given in connection with the creation of any new subseries or the merger of one or more subseries pursuant to Section 2.02E or any change in the Mode, Credit Facility or Liquidity Facility for the Bonds of such subseries, if the aggregate principal amount of Bonds of all subseries so to be redeemed on each such date remains the same; and provided further, however, that, unless otherwise provided in such Supplemental Bond Indenture, the principal amount of Bonds of any subseries so to be redeemed in any year shall be reduced upon Borrower Request by an amount equal to the principal amount of Bonds of such subseries (a) surrendered uncancelled and in transferable form by the Borrower to the Trustee not less than 45 days prior to such redemption date or (b) selected (not less than five days prior to the last day for mailing notice of such redemption date) for redemption in or prior to such year pursuant to any other Subsection of this Section, if in either case such Bonds shall not have previously served as the basis for any such reduction.
Sinking Fund Redemption. There shall be no Sinking Fund for the retirement of the Bonds of either series.
Sinking Fund Redemption. The Bonds are also subject to mandatory sinking fund redemption in part by lot on August 1, 2015, and on each August 1 thereafter, to and including August 1, 2028, from Mandatory Sinking Account Payments made by the Successor Agency at a redemption price equal to the principal amount thereof, without premium, in the aggregate respective amounts and on the respective dates as set forth in the following table. Redemption Date (August 1) Principal Amount
Sinking Fund Redemption. The Bonds maturing on April 1, , are also subject to mandatory redemption from sinking account payments made by the Authority, in part at random, on April 1, , and on April 1 in each year thereafter to and including April 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: Redemption Date Principal (April 1) Amount
Sinking Fund Redemption. The Bonds are also subject to redemption by the Issuer, pursuant to the terms of the mandatory sinking fund provided in SECTION 3.08 of this Indenture, on December 1, 1999, and on each December 1 thereafter to and including December 1, 2016 (the final amount to be paid rather than redeemed), in part, less than all of such Bonds to be selected by lot or in such other manner as the Trustee may determine (except as otherwise provided in SECTION 3.07 hereof), at a redemption price equal to the principal amount thereof plus accrued interest to the redemption date.
Sinking Fund Redemption. The Bonds are subject to mandatory redemption in part on each July 1 commencing July 1, 2003, from sinking fund payments made by the Borrower, at a redemption price equal to the principal amount of Bonds to be redeemed as set forth in the table below, without premium, plus accrued interest to the date of redemption:
Sinking Fund Redemption. (a) The 2002 Series B Bonds are subject to pro rata redemption on December 1 on each year, commencing with the year 2005 and ending with the year 2027, through operation of the sinking fund for the the 2002 Series B Bonds, at a Redemption Price equal to 100% of the principal amount being redeemed, plus accrued interest through the Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on an interest payment date that is on or prior to the Redemption Date). As a sinking fund for the 2002 Series B Bonds, the Company shall redeem on December 1 in each year beginning with the year 2005 and ending with the year 2027 the aggregate principal amount of the 2002 Series B Bonds specified in the following table: Aggregate Principal Year Amount of 2002 Series B ---- Bonds ----- December 1, 2005 $12,500,000 December 1, 2006 $12,500,000 December 1, 2007 $12,500,000 December 1, 2008 $12,500,000 December 1, 2009 $12,500,000 December 1, 2010 $12,500,000 December 1, 2011 $12,500,000 December 1, 2012 $12,500,000 December 1, 2013 $12,500,000 December 1, 2014 $12,500,000 December 1, 2015 $12,500,000 December 1, 2016 $12,500,000 December 1, 2017 $12,500,000 December 1, 2018 $12,500,000 December 1, 2019 $12,500,000 December 1, 2020 $12,500,000 December 1, 2021 $12,500,000 December 1, 2022 $12,500,000 December 1, 2023 $12,500,000 December 1, 2024 $12,500,000 December 1, 2025 $12,500,000 December 1, 2026 $12,500,000 December 1, 2027 $12,500,000 The principal amount of the 2002 Series B Bonds acquired and surrendered for cancellation or redeemed by the Company (otherwise than through operation of the sinking fund) shall be credited against sinking fund payments for the 2002 Series B Bonds (including, for purposes of this paragraph, as a sinking fund payment, $12,500,000 principal amount of 2002 Series B Bonds not to be redeemed through operation of the sinking fund but to be repaid at maturity on December 1, 2028) in proportion to the respective amounts of such required sinking fund payments.
(b) The particular 2002 Series B Bonds to be redeemed through sinking fund payments, as provided in this Section 1.02, shall be selected by the Trustee from the Outstanding 2002 Series B Bonds which have not been previously been called for redemption by prorating, as nearly as may be subject to adjustment as provided in Section 15.03 of the Indenture, the principal amount of the 2002 Series B Bonds to be redeemed among the Holders thereof...
Sinking Fund Redemption. The Series 2021 Bonds shall also be subject to mandatory redemption and payment on each Principal Payment Date, commencing June 1, 2022, pursuant to the redemption schedule in the Indenture, at the principal amount, plus accrued interest to the dates fixed for redemption and payment, without premium. The Issuer agrees to redeem the Series 2021 Bonds in the principal amounts and at the times set forth in the Indenture. When any Bonds are called for redemption pursuant to the optional redemption previously described, unless waived by the Owner of this Bond, notice thereof identifying the Bonds to be redeemed will be given by mailing a copy of the redemption notice at least 30 days prior to the date fixed for redemption to the Owner of this Bond at the address shown on the registration books maintained by the Trustee; provided, however, that failure to give such notice by mailing as aforesaid, or any defect therein, shall not affect the validity of any proceedings for the redemption of Bonds. All Bonds called for redemption will cease to bear interest on the specified redemption date and shall no longer be secured by the Indenture and shall not be deemed to be Outstanding under the provisions of the Indenture, provided funds are available for the payment of such Bonds at the price specified. The Series 2021 Bonds and the interest thereon are limited obligations of the Issuer payable exclusively out of the Trust Estate under the Indenture, including but not limited to the rents, revenues and receipts under the Lease, and are secured by a pledge of the Issuer’s leasehold interest in the Project (including any Project Additions) as described in the Lease and a pledge and assignment of the Trust Estate, including all rentals and other amounts to be received by the Issuer under and pursuant to the Lease, all as provided in the Indenture. The Bonds and the interest thereon do not constitute a debt or general obligation of the Issuer, the State of Kansas or any municipal corporation thereof, and are not payable in any manner by taxation. The Bonds shall not constitute an indebtedness within the meaning of constitutional or statutory debt limitations or restrictions. Pursuant to the provisions of the Lease, Basic Rent is to be paid by the Company directly to the Trustee for the account of the Issuer and deposited in a special trust account created by the Issuer and designated “City of Xxxxxx Springs, Kansas, Principal and Interest Payment Account for Industrial Reven...
Sinking Fund Redemption. The Bonds maturing September 1, 2005 and September 1, 2010, respectively, shall be subject to Redemption commencing September 1, 2004 and September 1, 2006, respectively, and on each September 1 thereafter, as applicable, at a Redemption Price equal to 100% of the principal amount thereof being redeemed plus accrued interest up to the redemption date. The Trustee shall cause to be redeemed such Bonds in the aggregate principal amounts of the following Sinking Fund Installments on September 1 of each of the following years: On or before the thirtieth (30th) day next preceding a Sinking Fund Installment due date, the Trustee shall select for Redemption on such date the principal amount of Bonds, in an amount not exceeding that necessary to complete the retirement of such Sinking Fund Installment, as of such Sinking Fund Installment due date. Accrued interest on such Bonds so redeemed shall be paid from the Bond Fund, and all expenses in connection with such Redemption shall be paid by the Borrower. All Bonds redeemed under the provisions of this Section shall be redeemed in the manner provided in Section 302 hereof. The principal amount of Bonds to be redeemed in the years 2004 through 2010 shall be reduced by the amount of such Bonds that the Trustee has previously redeemed pursuant to Section 301(b) or (e) hereof.
