Balloon Bonds means, unless otherwise provided in the related Supplemental Indenture, Bonds (and/or Security Instrument Repayment Obligations relating thereto), other than Bonds which mature within one year of the date of issuance thereof, 25% or more of the Principal Installments on which (a) are due or, (b) at the option of the Owner thereof may be redeemed, during any period of twelve consecutive months; provided, however, that to constitute Balloon Bonds, the Issuer must so designate such Bonds.
Balloon Bonds means Bonds, other than Bonds which mature within one year of the date of issuance thereof, 25% or more of the Principal Installments on which (a) are due or, (b) at the option of the Holder thereof may be redeemed, during any period of a Year.
Balloon Bonds means a series or subseries of Parity Bonds designated as such in the applicable Parity Bond Authorizing Resolution, the aggregate Principal of which becomes due and payable, either at maturity or by mandatory redemption, in any fiscal year in an amount that constitutes 25% or more of the initial aggregate Principal of that series or subseries of Parity Bonds.
Examples of Balloon Bonds in a sentence
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.
More Definitions of Balloon Bonds
Balloon Bonds means any series of either Parity Bonds or Junior Lien Bonds, as
Balloon Bonds means the principal amount of Subordinate Bonds of a
Balloon Bonds means Bonds (and repayment obligations on any Credit Facility relating thereto), other than Bonds which mature within one year of the date of issuance thereof, 25% or more of the principal installments on which (a) are due or (b) at the option of the Holder thereof may be redeemed, during any period of twelve consecutive months.
Balloon Bonds means Bonds of a Series designated as such by Supplemental Resolution adopted in connection with the issuance thereof, for which either (1) no serial maturities or Sinking Fund Installments prior to the maturity thereof have been established, or (2) the aggregate of such serial maturities and Sinking Fund Installments that have been established is less than the amount necessary to amortize such Bonds on a substantially level debt service basis.
Balloon Bonds means any Bonds the interest on which is payable periodically and 25% or more of the original principal amount of which matures during any one Fiscal Year and for which maturing principal amount Amortization Requirements have not been designated.
Balloon Bonds means any Series of Bonds, or any portion of a Series of Bonds, designated by a Determination as Balloon Bonds, (a) 25% or more of the principal payments (including mandatory sinking fund payments) of which are due in a single year, or (b) 25% or more of the principal of which may, at the option of the holder or holders thereof, be redeemed at one time; provided, however that a Variable Rate Bond that is able to be redeemed at the option of the Holder shall not constitute a Balloon Bond.
Balloon Bonds means Bonds (and/or Security Instrument Repayment Obligations relating thereto), other than Bonds which mature within one Year of the date of issuance thereof, 25% or more of the Principal Installments on which (a) are due or, (b) at the option of the Owner thereof may be redeemed, during any Year.