Bond Term definition

Bond Term means the lesser of twenty-five (25) years or the maximum term for collection of TIF Revenues from the Allocation Area.
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Bond Term means the number of years the Bond is scheduled to remain outstanding until final maturity, which shall not be more than twenty-five (25) years from the date of issuance of the Bond.
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Bond Term means the duration of your Bond as set by you between 1 and 99 years, or alternatively it means a term that ends upon your death as Bond Owner (or joint Bond Owners) or a set period (e.g. 10 years) after such death.
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Examples of Bond Term in a sentence

  • In the event Pledged TIF Revenues are, in any given period, insufficient to make payment on the Bonds, such shortfall shall accrue and be payable from future Pledged TIF Revenues during the Bond Term.

  • Applications not meeting the minimum qualifications or otherwise failing to evidence an ability to meet applicable deadlines may be rejected at any time by the Agency.To ascertain that sufficient volume cap is available to fund an application, the Tax-Exempt Bond Term Sheet ("Term Sheet"), which is an attachment to this RFP, must be submitted at least fifteen (15) days prior to the submission of an application.

  • If an Event of Default which gives rise to a Rent Protection Event occurs with respect to the Bonded Lease during the Bond Term, then the Landlord must timely submit a complete and accurate Certificate of Loss in respect of such Loss.

  • At all times during the Bond Term, the tax increment received from the Allocation Area(s) shall be deposited in the XX Xxxx Account up to the amount equal to one hundred (100%) percent of the amount needed to meet the next occurring semi-annual Bond Payment Amount plus any amounts due to the Company for the Shortfall Reimbursement Amount.

  • Each January 1 and July 1 during the Bond Term, all TIF Revenues in excess of the Bond Payment Amount and Shortfall Reimbursement Amount shall be transferred to the Excess TIF Account.

  • Guaranteed Amount: $ Deposit Bond Term: months Deposit Bond Fee: $ Credit Card Payment Details (Please Note: loading payable for credit card transactions is in addition to the Deposit Bond fee.

  • Type of License Amount of Bond Term of Bond*Motor Vehicle Dealer $25,000 May 1-April 30*Franchise Dealer $25,000 Jan 1-Dec 31*Service Facility Not required Jan.

  • Any amounts due and owing on the Bonds at the expiration of the Bond Term shall be forgiven.

  • At all times during the Bond Term, on each January 1 and July 1 during the term of the XX Xxxx, the tax increment received from the Allocation Area (the “TIF Revenues”) shall be deposited in the XX Xxxx Account in an amount equal to one hundred percent (100%) of the amount needed to meet the next occurring annual interest and principal payments on the XX Xxxx (“Bond Payment Amount”).

  • Any amounts due and owing on the Mixed-Use Bonds at the expiration of the Bond Term shall be forgiven.

Related to Bond Term

  • Bond Terms means these terms and conditions, including all Attachments which shall form an integrated part of these Bond Terms, in each case as amended and/or supplemented from time to time.

  • Term of Agreement shall have the meaning ascribed thereto in Article 2 of this Agreement;

  • Fixed Term shall have the meaning given such term in Section 2.3.

  • a term s notice" means written notice given not later than the first day of the term preceding the term to which the notice relates;

  • IFA means the Iowa finance authority.

  • Policy Term means the term of this Policy as specified in the Schedule;

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Term of the Agreement shall have the same meaning as provided for in Article 7 of this Agreement.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • Date of commencement of the project means the date of the agreement.

  • Term XXXXX means, for the applicable corresponding tenor, the forward-looking term rate based on XXXXX that has been selected or recommended by the Relevant Governmental Body, and that is published by an authorized benchmark administrator and is displayed on a screen or other information service, as identified or selected by the Administrative Agent in its reasonable discretion at approximately a time and as of a date prior to the commencement of an Interest Period determined by the Administrative Agent in its reasonable discretion in a manner substantially consistent with market practice.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • (ii) the term barter’ means the exchange

  • Extension Period has the meaning set forth in Section 2.11.

  • Resolution Extension Period As defined in Section 2.03(b).

  • (20) The term commercial clothes washer’ means a soft- mount front-loading or soft-mount top-loading clothes washer that—

  • (1) IN GENERAL.—The term qualified trade or business’ means any trade or business other than—

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Non-Extended Facility has the meaning specified in Section 3.5(d).

  • Period of Agreement means 5 years from the date of Final acceptance of the Project.

  • (2) STATE.—The term State’ means each of the 50 States, the District of Columbia, and the Commonwealth of Puerto Rico.

  • (iii) the term covered period’ means

  • Notice to Proceed (NTP) means the authorization issued by the CO to start performance on this Contract.

  • (7) STATE.—The term State’ means each