Examples of Balloon Bonds in a sentence
For the purpose of calculating the Annual Debt Service on Balloon Bonds (A) which are not subject to a Commitment and (B) which have a Balloon Date within 12 months from the date of calculation, the Principal payable on such Bonds on the Balloon Date shall be calculated as if paid on the Balloon Date.
The Issuer agrees that so long as any of the Series 2007 Bonds remain Outstanding, the Outstanding amount of Balloon Bonds shall not exceed $ without the consent of the Bond Insurer.
Additional changes recommended by the City’s financial advisor provide more flexibility as it relates to Balloon Bonds (often seen as part of a bank loan) and Variable Rate Bonds in the future if warranted.
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