Bond Debt Service definition
Examples of Bond Debt Service in a sentence
The Paying Agent will not be liable for the accuracy of the calculations as to the sufficiency of the Quarterly Payments to make the Bond Debt Service.
On each date fixed for redemption of the Bond, each Principal Payment Date and each Interest Payment Date, the Paying Agent will remit to the Owner an amount from the Debt Service Fund equal to the Bond Debt Service due and payable on such date.
The Bonds are issuable only as fully registered bonds and, except as hereinafter provided, in printed or typewritten form, registered in the name of Cede & Co. as nominee of The Depository Trust Company, New York, New York (“DTC”), which shall be considered to be the Holder for all purposes of the Indenture, including, without limitation, payment by the Issuer of Bond Debt Service Charges, and receipt of notices to, giving of consents by and exercise of rights of, Holders.
With or without taking action under Section 7.03 hereof, upon the occurrence and continuance of an Event of Default, the Trustee may pursue any available remedy, including without limitation actions at law or equity to enforce the payment of Bond Debt Service Charges or the observance and performance of any other covenant, agreement or obligation under this Indenture, the Loan Agreement, or the Note or any other instrument providing security, directly or indirectly, for the Bonds.
Developer may use the Developer Earnings Tax Revenue Allocation at its discretion including, among other things, to pay Series A Office Building Bond Debt Service and the Developer Private Loan, subject, however to any rights to the Developer Earnings Tax Revenue Allocation of any lender or bond owner to whom Developer has pledged, or caused to be pledged, the Developer Earnings Tax Revenue Allocation.