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

  • 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.

  • 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.

  • Fixed Rate Bonds means those Parity Bonds other than Capital Appreciation Bonds, Original Issue Discount Bonds or Balloon Maturity Bonds issued under a resolution in which the rate of interest on such Parity Bonds is fixed and determinable through their final maturity or for a specified period of time.

  • Balloon Maturity Bonds means any Parity Bonds that are so designated in the resolution pursuant to which such Parity Bonds are issued.

  • Obligations), interest on any Balloon Maturity shall also be excluded.

  • 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.

  • 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).

  • Balloon Maturity Bonds means any Future Parity Bonds, other than Term Bonds, the entire principal amount of which is due at maturity without Serial Bond payments or Sinking Fund redemption payments.

  • In each case, 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.

Related to Balloon Maturity

  • 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.

  • Scheduled Maturity Date means June 30, 2032.

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

  • Final Maturity Date means March 31, 2022.

  • Latest Maturity Date means, as of 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 Term Loan, Term Commitment, Revolving Loan or Revolving Credit Commitment.

  • 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-1 Loans, the Term B-1 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.