Sinking Fund Redemption. There shall be no Sinking Fund for the retirement of the Bonds of either series.
Sinking Fund Redemption. The Bonds maturing on 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, 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: Page 282 TERM BONDS DUE SEPTEMBER 1, 2005 Year Sinking Fund Installment 2004 $665,000 2005* 735,000 TERM BONDS DUE SEPTEMBER 1, 2010 Year Sinking Fund Installment 2006 $ 810,000 2007 895,000 2008 990,000 2009 1,095,000 2010 1,210,000 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 Indenture shall be redeemed in the manner provided in the Indenture. 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) (special mandatory redemption) or 301(e) (optional redemption) of the Indenture.
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. 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 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: Year Aggregate Principal 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.
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 2015 $845,000 2016 865,000 2017 900,000 2018 540,000 2019 555,000 2020 575,000 2021 595,000 2022 620,000 2023 635,000 2024 660,000 2025 110,000 2026 115,000 2027 115,000 2028 120,000 2029† 125,000 † Maturity. EXHIBIT B TO THE BOND PURCHASE AGREEMENT TERMS AND CONDITIONS
Sinking Fund Redemption. (i) The Series 2010A Bonds which are Term Bonds shall also be subject to mandatory sinking fund redemption in part by lot on [March] 1, , and on each [March] 1, , thereafter, to and including [March] 1, , from sinking fund payments derived from scheduled Base Rental Payments made by the City at a redemption price equal to the principal amount thereof to be redeemed together with accrued interest thereon to the redemption date, without premium, in the aggregate respective principal amounts and on the respective dates as set forth in the following table; provided, however, that if some but not all of the Term Bonds have been redeemed pursuant to subsection (a) above, the total amount of all future sinking fund payments shall be reduced by the aggregate principal amount of Term Bonds so redeemed, to be allocated among the sinking fund payments as are thereafter payable on a pro rata basis in integral multiples of $5,000 to the extent possible and in inverse order thereafter. The City shall provide the Trustee with a revised schedule. Sinking Fund Redemption Date ([March] 1) Principal Amount to be Redeemed or Purchased †Maturity
Sinking Fund Redemption. Each of 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 set out below, at the principal amount, plus accrued interest to dates fixed for redemption and payment, without premium. The Issuer agrees to redeem the following principal amounts of the Series 2021 Bonds in each of the following years: Principal Amount Payable June 1 $100,000 2022 $100,000 2023 $100,000 2024 $100,000 2025 $100,000 2026 $100,000 2027 $100,000 2028 $100,000 2029 $100,000 2030 $100,000 2031 $7,400,000 2032* * Final maturity; on this date, $7,400,000 or the then-outstanding principal amount of the Series 2021 Bonds shall be payable, plus accrued interest thereon, without premium. At its option, the Company may deliver to the Trustee for cancellation the Series 2021 Bonds in any aggregate principal amount desired and receive a credit in respect to the payment of the applicable portion of the principal amount thereof pursuant to this Section. Such credit shall only apply to the extent the applicable principal portion of such Series 2021 Bonds has not been previously canceled by the Trustee or previously applied as a credit against any redemption or payment obligation hereunder. Each Series 2021 Bond so delivered shall be credited at 100% of the Outstanding principal amount on the obligation of the Issuer on the next redemption or payment date, and any excess of such amount shall be credited on future redemption or payment obligations for such Series 2021 Bonds. The cancellation of Series 2021 Bonds pursuant to this Section shall not result in Series 2021 Bonds Outstanding being in any amount less than an Authorized Denomination. If the Company intends to exercise the option granted by the preceding paragraph, the Company will furnish the Trustee and the Issuer with a certificate signed by its Authorized Company Representative indicating what portion of the principal amount of the Series 2021 Bonds will be cancelled and applied as a credit against redemption or payment obligations. Notwithstanding any provision herein to the contrary, it is the intent of the parties that ownership of the Bonds by the Company does not, in and of itself, extinguish the obligation for payment of the principal of and interest on the Bonds.
