Balloon Maturity definition

Balloon Maturity means any scheduled principal maturity of any Series of
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Balloon Maturity means, except in the case of Bond Anticipation Obligations, a principal amount payable on a Principal Installment Date (reduced by the amount scheduled to be retired by prepayment or mandatory sinking fund redemption prior to such Principal Installment Date) that is 50% or more of the aggregate principal amount of the related Series of Bonds.
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Balloon Maturity means, with respect to any Series of Bonds fifty (50) percent or more of the aggregate principal amount (or stated face amount) of which is payable in any Fiscal Year, that portion of that Series which matures within that Fiscal Year. For purposes of this definition, the principal amount maturing on any date shall be reduced by the amount of those Bonds required to be redeemed or otherwise prepaid prior to their stated maturity date. Interim Notes or Interim Bonds shall not be Balloon Maturities for purposes of this Ordinance.
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Examples of Balloon Maturity in a sentence

  • To the extent that the City shall have purchased any term bonds or Balloon Maturity Bonds since the last scheduled mandatory redemption of such term bonds, the City may reduce the principal amount of the term bonds or Balloon Maturity Bonds to be redeemed in like principal amount.

  • Commercial paper (obligations with a maturity of not more than 270 days from the date of issuance) shall be deemed to be Balloon Maturity Bonds.

  • Commercial paper (obligations with a maturity of not more than 270 days from the date of issuance) shall be deemed to be Balloon Maturity Bonds.Bank means Bank of America, N.A., and shall include its successor(s).

  • An issue may be structured with such a Balloon Maturity when some projected event is expected to provide extra cash flow or when refinancing is anticipated.

  • Neither Party may terminate or rescind this Settlement Agreement during the Term.

  • The Accreted Value shall be determined in accordance with the provisions of the ordinance authorizing the issuance of such Balloon Maturity Bonds.

  • Balloon Maturity: Final payment on a debt that is substantially larger than the preceding payments.

  • Asset Category Fixed Rate Mortgage Backed Securities 25.49 % 29.92 % Fixed Rate CMO 27.94 % 31.23 % Fixed Rate Agency Debt n/a n/a Adjustable Rate Mortgage Backed Securities 34.37 % 38.51 % Hybrid Adjustable Rate Mortgage Backed Securities 28.22 % 36.15 % Balloon Maturity Mortgage Backed Securities 38.94 % 40.23 % Total: Mortgage Assets 31.65 % 36.47 % On October 7, 2005 Prepayment Speeds were released for paydowns occurring in September 2005 (July-September for three month speeds).

  • Prepayment SpeedsAsset Category Fixed Rate Mortgage Backed Securities 28.24 % 31.29 % Fixed Rate CMO 37.00 % 35.92 % Fixed Rate Agency Debt n/a n/a Adjustable Rate Mortgage Backed Securities 37.34 % 38.55 % Hybrid Adjustable Rate Mortgage Backed Securities 36.24 % 33.80 % Balloon Maturity Mortgage Backed Securities 28.48 % 33.08 % Total: Mortgage Assets 35.78 % 36.22 % On September 8, 2005 Prepayment Speeds were released for paydowns occurring in August 2005 (June - August for three month speeds).

  • Balloon Maturity Bonds means any evidences of indebtedness of the City and Borough payable from Port Development Fee Revenues which are so designated in the proceedings pursuant to which such indebtedness is incurred.

Related to Balloon Maturity

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Final Maturity has the meaning specified in Section 308.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Maturity when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • Applicable Maturity means: (a) in relation to Screen Rate Determination, the period of time designated in the Reference Rate, and (b) in relation to ISDA Determination, the Designated Maturity.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Legal Maturity Date means July 15, 2024.

  • Maximum Maturity means an obligation that has a remaining maturity of not greater than the period specified in the Standard (or if no such period is specified, thirty years);

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Term B Maturity Date means January 31, 2025.

  • Scheduled Maturity Date means June 30, 2032.

  • Term Loan A Maturity Date means July 29, 2025.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Postponed Maturity Date means the tenth Business Day following the originally scheduled Maturity Date;

  • Final Maturity Date means the date that (i) is one hundred eighty (180) days following the Scheduled Termination Date or (ii) such earlier date on which the Loans become due and payable pursuant to Section 9.01.

  • Class B Maturity Date means the January 2040 Distribution Date.

  • Latest Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Other Term Loan, any Other Term Commitment, any Other Revolving Loan or any Other Revolving Commitment, in each case as extended in accordance with this Agreement from time to time.

  • Accelerated Maturity Date means if the Company elects to accelerate the Maturity Date in accordance with Section 2.2(c), the date selected by the Company which is prior to the Scheduled Maturity Date, but is after March 31, 2002.

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Term B Loan Maturity Date means December 7, 2023.

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).