Bond Payment Dates definition
Examples of Bond Payment Dates in a sentence
Payments of the Bond Obligations shall be made on the applicable Bond Payment Dates to the Registered Holders as provided herein.
In the event of (i) a conversion to semi-annual Bond Payment Dates pursuant to Article V hereof or (ii) a partial prepayment of the Note after the occurrence of such conversion, the Bondholder Representative will provide the Trustee with a revised Mandatory Sinking Fund Schedule to be attached to the Note and the Bonds shall be subject to redemption pursuant to such revised schedule.
The Tax revenues deposited by the County into the Escrow Fund after October 1 will remain in the Escrow Fund until the Escrow Fund has the amount of money necessary to satisfy the Bond payments for the following April 1 and October 1 Bond Payment Dates as set forth on Exhibit A attached hereto and thereafter will be distributed as described in the first sentence of this paragraph (d).
In the event of a conversion to semi-annual Bond Payment Dates pursuant to Article V hereof, in lieu of the mandatory redemption of Bonds as set forth in the preceding paragraph of this Section 6.5, the Indexing Agent may, subject to the consent of the Bondholder Representative, provide the Trustee with a Mandatory Redemption Schedule to be attached hereto at such time as the Bonds shall be subject to mandatory sinking fund redemption, in part, at the Redemption Price pursuant to such schedule.
In the event of a conversion to semi-annual Bond Payment Dates pursuant to Article IV, in lieu of the mandatory redemption of Bonds as set forth in the preceding paragraph of this Section 6.5, the Bondholder Representative shall provide the Trustee with a Mandatory Redemption Schedule to be attached hereto at such time as the Bonds shall be subject to mandatory sinking fund redemption, in part, at the Redemption Price pursuant to such schedule.
All money in the Principal Fund shall be used and withdrawn by the Trustee solely for the purpose of paying the principal on the Bonds as it shall become due and payable, whether on Bond Payment Dates or redemption, except that any money in any sinking fund account shall be used and withdrawn by the Trustee only to purchase or to redeem or to pay Term Bonds for which such sinking fund account was created.
The matured principal of, and earnings on, the Escrowed Securities and any other amounts on deposit in the Escrow Trust Account are pledged and assigned and shall be applied solely for the payment of the principal of and the interest on the 2016 Refunded Bonds on their respective Bond Payment Dates, and for no other purpose.
For purposes of this Agreement, the following terms shall have the following meanings: Bond Payment Dates shall mean each February 15, May 15, August 15, and November 15 during the term of this Agreement .
The installment purchase payments payable under the Installment Sale Agreement are payable on or before each Bond Payment Date in an amount equal to the principal of and interest payable on the Bonds on such Bond Payment Dates.
In the event that any Event of Default continues for successive Bond Payment Dates, the persons entitled to such payment shall be grouped into classes based on the Tier of their Bonds and shall receive payment from subsequent amounts of Distributable Cash as provided in Section 505 hereof without distinction of principal or interest or Accreted Value in the direct order of the dates on which such payments were originally due.