Bond Prepayment definition

Bond Prepayment as defined in subsection 8.13(a).
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Examples of Bond Prepayment in a sentence

  • Within 30 days of receipt of such written notice, the Village or its designee shall notify such owner of the amount of the Special Tax Bond Prepayment or the Partial Special Tax Bond Prepayment, as applicable, for such Parcel and the date through which such amount shall be valid.

  • Within 30 days of receipt of such written notice, the Village or its designee shall notify such owner of the Special Tax Bond Prepayment for such Parcel and the date through which the amount any such prepayment shall be valid.

  • The Special Tax Bond Prepayment amount and Mandatory Special Tax Prepayment amounts shall not exceed the Principal plus any Premium, Defeasance, and Fees as such terms are defined in Section G.

  • The determination of which method to use and whether to proceed with the Series 2012 Bond Prepayment will be made by the Fiscal Officer based on market conditions and other factors he believes are relevant.

  • Bangor Hydro shall pay, by wire transfer or in other immediately available funds, to the Trustee for credit to the Bangor Hydro-Funded Account of the Bond Prepayment and Reserve Fund, the Bangor Hydro Payment, one-half of which is to be designated by Bangor Hydro for credit to the MRC Retention Subaccount and one-half of which is to be designated by Bangor Hydro for credit to the Borrower Retention Subaccount.

  • On April 15, 1997, and on the fifteenth day of each calendar month thereafter so long as any Bonds are outstanding under the Indenture, the Borrower shall pay to the Bank, for deposit by the Bank into the "Bond Prepayment Fund B" which is hereby created, an amount equal to 1/12 of the amount of the Bonds to be optionally redeemed by the Borrower on the following April 1.

  • Mr. Adams asked the Board to direct Management to transfer $45,434 from the General Fund into the 2019 Bond Prepayment Fund, which would reduce the principal in the next scheduled bond payment.

  • On the 120th day after the Museum’s first submission of a Bond Prepayment Plan, all plans submitted shall be deemed rejected unless the City Finance Director has approved a plan in writing.

  • Mr. Judson spoke about the Water Bond Prepayment and his recommendation to prepay a portion of the remaining balance before the maturity date.

  • BF-2h1 and BF-2h2) Financing Plan and Resolution for UNR 2017 Residence Hall and Bond Refunding and Bond Prepayment Approval: The Committee considered for approval financing plans for the UNR 2017 Residence Hall project and a Resolution authorizing the issuance of Certificates of Participation, series 2016A in the maximum amount not to exceed $67.5 million for UNR project financing not to exceed $53.25 million and bond refunding not to exceed $14.25 million.

Related to Bond Prepayment

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Full Prepayment Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • Prepayment means, with respect to any Receivable, any prepayment, whether in part or in full, in respect of such Receivable.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Principal Prepayment in Full Any Principal Prepayment made by a Mortgagor of the entire principal balance of a Mortgage Loan.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Proposed Prepayment Date is defined in Section 8.3(c).

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Mandatory Prepayment shall have the meaning set forth in Section 2.1(c).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.