Examples of Amortization Requirements in a sentence
The Term Bonds shall have such Amortization Requirements (and corresponding mandatory sinking fund redemption requirements) as determined by the unanimous agreement of the Delegates prior to the award of the Bonds.
In the event that one or more of the Amortization Requirements is not satisfied on the Mandatory Prepayment Date, the principal amount of the Loan will bear interest at the Default Rate and will be due and payable in full on the one hundred eightieth (180th) day immediately following the Mandatory Prepayment Date.
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For purposes of computing Principal and Interest Requirements for any Fiscal Year, principal, interest and Amortization Requirements on Bonds due on October 1 of a Fiscal Year are deemed due in the preceding Fiscal Year.
As a result, the traditional budget pathologies pertaining to unrealistic budgets with the proposed expenditures not anchored in any particular sectoral strategy and not linked to any clear output have dissipated to a large extent.