Amortization Installment definition

Amortization Installment means the amount of money which is required for retirement of Term Bonds (whether at maturity or by mandatory redemption and including redemption premium, if any).

Amortization Installment means an amount designated as such by Supplemental Resolution of the Issuer and established with respect to any Term Bonds.

Amortization Installment means the funds to be deposited in the debt service fund or similar fund or account related to the applicable Non-Ad Valorem Revenue Obligations created for that purpose, in a given Note Year for the payment at maturity or redemption of a portion of Term Obligations of a designated series, as established by resolution or ordinance of the Issuer at or before the delivery of that series of Term Obligations.

Examples of Amortization Installment in a sentence

• Moneys held for the credit of a Series Reserve Account shall be used for the purpose of paying interest or principal or Amortization Installment or Maturity Amount on the Bonds of the related Series whenever amounts on deposit in the Series Debt Service Account shall be insufficient for such purpose.

• No further deposit need be made to the Bond Amortization Account when the moneys therein are equal to the Amortization Installments coming due on the Outstanding Bonds on the next succeeding Amortization Installment due date.

• Moneys held for the credit of a Series Reserve Accountshall be used for the purpose of paying interest or principal or Amortization Installment or Maturity Amount on the Bonds of the related Series whenever amounts on deposit in the Series Debt Service Account shall be insufficient for such purpose.

• The applicable Redemption Price (or principal amount of maturing Term Bonds) of any Term Bonds so purchased or redeemed shall be deemed to constitute part of the Bond Amortization Account until such Amortization Installment date, for the purposes of calculating the amount of such Account.

• If Term Bonds are so purchased by the City, the City shall credit the account of such purchased Term Bonds against any current Amortization Installment to be paid by the City.

More Definitions of Amortization Installment

Amortization Installment means the money required to be deposited in the Debt Service Fund in a given Bond Year for the payment at maturity or redemption of a portion of a series of Term Bonds during such Bond Year, as established by resolution of the Issuer at or before the delivery of that series of Term Bonds.

Amortization Installment means, with respect to any Term Bonds of any series of Parity Obligations, the amount of money which is required to be deposited into a mandatory redemption account for retirement of such Term Bonds (whether at maturity or by mandatory redemption and including redemption premium, if any) provided that the total Amortization Installments for such Term Bonds shall be sufficient to provide for retirement of the aggregate principal amount of such Term Bonds.

Amortization Installment means an amount designated as such by the Issuer pursuant to the terms of Section 2.02 hereof and established with respect to any Term Bonds.

Amortization Installment means the funds deposited in the Debt Service Account in a given Bond Year that are required for the payment at maturity or redemption of all or a portion of any Term Bond, as the case may be, within a Series of Bonds, as established by resolution of the Issuer at or before the delivery of that Series of Bonds.

Amortization Installment means (A) with respect to the Series 2015 Bonds, the amounts designated in the final Series 2015 Purchase Agreement, or in the absence thereof, the Series 2015 Bonds, as Amortization Installments, and (B) with respect to any Additional Bonds, an amount designated as such by Supplemental Resolution of the Board and established with respect to the Additional Term Bonds.

Amortization Installment means (i) with respect to the Series 2019 Note, the amounts, if any, designated in the Series 2019 Note or Loan Agreement and (ii) with respect to any Additional Bonds, the amounts, if any, designated as such by Supplemental Resolution of the County and established with respect to the additional Term Bonds.

Amortization Installment means an amount designated as such by Supplemental Resolution of the Governing Board of the Division and established with respect to the Term Bonds.