Bond Redemption Account definition

Bond Redemption Account has the meaning given to it in the Senior Facilities Agreement.
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Bond Redemption Account means the account by that name created within each respective Debt Service Fund.
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Bond Redemption Account means an interest bearing account:
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Examples of Bond Redemption Account in a sentence

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

  • 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.

  • Any balance in said fund in excess of the expected expenses of operation, repair and maintenance for the next succeeding two (2) calendar months may be transferred to the Bond Redemption Account if necessary to prevent a default in the payment of principal or interest on outstanding bonds of the Waterworks.

  • 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.

  • 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.

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

  • 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.

  • The Bond Redemption Account shall be continued until all of the bonds issued under this Ordinance have been paid.

  • The 2021 Interest Account, the 2021 Principal Account, and the 2021 Bond Redemption Account shall be charged with a trust and maintained for the benefit of the Bondholders of the Series 2021 Bonds.

  • The Commission hereby directs the Chief Financial Officer/Comptroller to deposit the sum of $20,700,000 into the Bond Redemption Account of the Debt Service Fund created under the Senior Lien Master Trust Agreement in order to effectuate the optional redemption described in this Resolution.


More Definitions of Bond Redemption Account

Bond Redemption Account means the account of that name in the Debt Service Fund created in the Trust Agreement.
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Bond Redemption Account means the account by that name established in the Debt Service
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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.
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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.
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Bond Redemption Account means the account so designated created pursuant to Section 402 of this Resolution.
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Bond Redemption Account means, with respect to the Series 2024 Bonds, the
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Related to Bond Redemption Account

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Monthly Redemption Date means the 1st of each month, commencing immediately upon the nine month anniversary of the Original Issue Date and terminating upon the full redemption of this Debenture.

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.