Bond Principal Fund definition

Bond Principal Fund means the Bond Principal Fund created in this Indenture.
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Bond Principal Fund means the fund by that name created pursuant to the Indenture.
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Examples of Bond Principal Fund in a sentence

  • Upon the agreement of the Borrower to deposit moneys into the Bond Principal Fund and the Bond Interest Fund in an amount sufficient to redeem Bonds subject to redemption, the Trustee, at the written request of the Borrower, shall forthwith take all steps (other than the payment of the money required for such redemption) permitted and necessary under the applicable redemption provisions of the Indenture to effect redemption of all or part of the then Outstanding Bonds on the redemption date.

  • Disbursements from the Reserve Special Fund were transfers of interest income to the Bond Principal Fund to pay principal on the bonds.

  • These funds consist of the following: 2015 2014 Bond Principal Fund$ 95,010$ 90,000Bond Interest Fund341,596345,518Bond Reserve Fund781,400781,400 $ 1,218,006 $ 1,216,918 Total debt service requirements of bonds payable for school activities as of June 30, 2015 were as follows for the years ending June 30,: Total Principal Total Interest Total interest expense during the years ended June 30, 2015 and 2014 was $712,147 and$749,327, respectively.

  • The investment advisor will maintain and report separately on various custodial accounts for Alameda CTC under the following categories: 1986 Measure B, 2000 Measure B, 2014 Measure BB, 2014 Bond Principal Fund, 2014 Bond Interest Fund, 2014 Bond Project Fund, Congestion Management, Sunol JPA, and other funds as necessary, and further segregate the reports by authorized investment type as indicated in the Investment Policy (or policies), Bond Indenture (or indentures), and the California Government Code.

  • State Aid (1.035 & 1.040) – revenue this month was essentially unchanged from last month4, however a lower plan amount for June created a larger monthly under-plan variance as anticipated,$2.8 million.

  • These funds consist of the following: 2016 2015 Bond Principal Fund$ 96,364$ 95,010Bond Interest Fund338,111341,596Bond Reserve Fund781,400781,400 $ 1,215,875 $ 1,218,006 Total debt service requirements of loans payable for school activities as of June 30, 2016 were as follows for the years ending June 30,:Total Total interest expense during the years ended June 30, 2016 and 2015 was $712,147 and$749,327, respectively.

  • The additional proceeds to the Bond Principal Fund are transfers of PIF revenues from the PIF Revenue Fund to pay principal on the bonds.

Related to Bond Principal Fund

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Realized Principal Loss means, with respect to each Mortgage Loan (including an REO Mortgage Loan), (i) in the case of a Liquidation Realized Loss, the amount of such Liquidation Realized Loss, to the extent that it does not exceed the Unpaid Principal Balance (plus the amount of any Unliquidated Advance with respect to such Mortgage Loan) of the Mortgage Loan, (ii) in the case of a Modification Loss, the amount of such Modification Loss set forth in clause (i) of the definition thereof, (iii) in the case of a Bankruptcy Loss, the portion of such Bankruptcy Loss attributable to the reduction in the principal balance of the related Mortgage Loan, (iv) in the case of an Expense Loss, the amount of such Expense Loss (other than Expense Losses resulting from the payment of Special Servicing Fees) to the extent that such Expense Loss does not exceed amounts collected in respect of the Mortgage Loans that were identified as allocable to principal in the Collection Period in which such Expense Losses were incurred, and any such excess shall be treated as a Realized Interest Loss, (v) any Nonrecoverable Advance reimbursed from collections of principal on the Mortgage Loans (including REO Mortgage Loans), and (vi) any Unliquidated Advance that is determined by the Master Servicer to be a Nonrecoverable Advance.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Collateral Fund The fund established and maintained pursuant to Section 3.01 hereof.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Principal Accumulation Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Accumulation Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Class A Monthly Principal shall have the meaning specified in Section 4.03(a).

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Monthly Principal is defined in Section 4.1(d).

  • Related Bond means, in respect of an Inflation Index, the bond specified as such in the applicable Final Terms. If the Related Bond specified in the applicable Final Terms is "Fallback Bond", then, for any Related Bond determination, the Calculation Agent shall use the Fallback Bond. If no bond is specified in the applicable Final Terms as the Related Bond and "Fallback Bond: Not Applicable" is specified in the applicable Final Terms, there will be no Related Bond. If a bond is specified as the Related Bond in the applicable Final Terms and that bond redeems or matures before the End Date (i) unless "Fallback Bond: Not Applicable" is specified in the applicable Final Terms, the Calculation Agent shall use the Fallback Bond for any Related Bond determination and (ii) if "Fallback Bond: Not Applicable" is specified in the applicable Final Terms, there will be no Related Bond.

  • Original Subordinated Principal Balance The aggregate of the Class Certificate Balances of the Subordinated Certificates as of the Closing Date.

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Distressed Principal Balance With respect to any Payment Date, the sum, without duplication, of the UPB of Reference Obligations that meet any of the following criteria: (a) Reference Obligations that are 60 days or more delinquent; (b) Reference Obligations that are in foreclosure, bankruptcy, or REO status; or (c) Reference Obligations that were modified in the 12 months preceding the end of the related Reporting Period. DTC: The Depository Trust Company, a limited-purpose trust company, which holds securities for DTC Participants and facilitates the clearance and settlement of transactions between DTC participants through electronic book-entry changes in accounts of DTC participants. DTC Participants: Participants in the DTC System. DTC Notes: Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC. All of the Notes will be DTC Notes at issuance.

  • Class B Monthly Principal shall have the meaning specified in Section 4.03(b).

  • Local fund means any of the local retirement funds for

  • Scheduled Principal Payment Date means April 15, 2008.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.