Bond Redemption Account definition

Bond Redemption Account has the meaning given to it in the Senior Facilities Agreement.

Bond Redemption Account means the account by that name created within each respective Debt Service Fund.

Bond Redemption Account means the account of that name in the Debt Service Fund created in the Trust Agreement.

Examples of Bond Redemption Account in a sentence

• There shall be established and maintained, in order to meet the specified sinking fund installment requirements of Term Bonds and to otherwise retire Term Bonds prior to maturity, a Bond Redemption Account in the respective Debt Service Fund.

• Debt Service Fund for each Series of Bonds to be held by the Trustee, including an Interest Account, Principal Account and Bond Redemption Account.

• In making any of the deposits to the Bond Redemption Account required by this paragraph (c), consideration shall be given to and allowance made for any other credits otherwise made to such Bond Redemption Account.

• The Trustee shall apply the moneys credited to the Bond Redemption Account as sinking fund installments to the retirement of the Term Bonds of each respective Series by redemption in accordance with the Supplemental Ordinance providing for the issuance of such Series of Bonds, without further authorization or direction, on each date upon which a sinking fund installment is due with respect to the Term Bonds of such Series.

• The Bond Redemption Account shall consist of a Debt Service Subaccount and a Reserve Subaccount.

• Moneys in the Waterworks Improvement Account shall be transferred to the Bond Redemption Account if necessary to prevent a default in the payment of principal and interest on the then outstanding bonds or if necessary to eliminate any deficiencies in credits to or minimum balance in the Reserve Subaccount of the Bond Redemption Account.

• Funds on deposit in the Interest Account, Principal Account and Bond Redemption Account of the Debt Service Fund shall mature on or before the next scheduled applicable interest or principal payment date.

• In step 10, the full source files record is used to generate two HTML reports which are published within the Jenkins Server.

• The interest on and principal of all bonds payable from the revenues of the Waterworks shall have been paid to date in accordance with the terms thereof, and all required payments into the Bond Redemption Account shall have been made in accordance with the provisions of this Ordinance.

• Moneys in the Bond Redemption Account shall not be used for any other purpose whatsoever except as provided in this Ordinance.

More Definitions of Bond Redemption Account

Bond Redemption Account means an interest bearing account:

Bond Redemption Account means the account by that name established in the Debt Service

Bond Redemption Account means each account established within the Bond Fund pursuant to Section 9 of this ordinance to provide for the payment of debt service on a series of the Bonds.

Bond Redemption Account means the account so designated created pursuant to Section 402 of this Resolution.

Bond Redemption Account means each account of that name in the Bond Fund established with respect to the Series 2020 Bonds or any Series of Additional Bonds pursuant to Section 8.3 hereof.