Examples of Bond Debt in a sentence
Building Aid shall be deposited in such Sinking Fund pursuant to the Indenture, which deposits may be adjusted to recognize early retirement of Bonds and earnings and profits on Eligible Investments in the Sinking Fund (if required by the Authority’s tax covenants or directed by Officer’s Certificate to be retained therein) and shall be provided for as Annual School Bond Debt Service.
The appropriations made in this and other Articles of this Act to the Texas Public Finance Authority for General Obligation Bond Debt Service are subject to the following provision.
There is hereby appropriated all monies now credited or which will be credited to the Community Improvement Financing Fund and all Tax Allocation Bond Debt Service funds, notwithstanding any sum limitations set forth in the budget attached hereto.
Remaining amounts are paid into the Reserve Maintenance Fund equal to the amount required for the following month defined in the Commission’s annual capital budget, into the Senior Revenue Bond Debt Service Reserve Fund to restore a deficiency, if any, within 18 months, with the remaining surplus deposited into the General Reserve Fund.
After meeting this requirement the Subordinate Indenture requires an amount equal to one‐sixth of the next interest payment and one‐twelfth of the next principal payment be paid into the Subordinate Special Revenue Bond Debt Service Fund.