Bondable bond retirements definition

Bondable bond retirements means an amount equal to the principal amount of bonds retired by application of funds deposited with the Mortgage Trustee for cancellation, whether or not such deposit of funds or surrender of bonds is pursuant to a sinking fund or purchase fund.
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Bondable bond retirements means (a) the principal amount of bonds retired by application of cash deposited, for the purpose of such retirement, with the Trustee otherwise than pursuant to the provisions of any sinking fund, or by delivery of bonds to the Trustee, for cancellation, otherwise than for the purpose of or pursuant to the provisions of any sinking fund, all as shown, in the case of each such deposit of cash or delivery of bonds, by the request or order of the Company, filed with the Trustee, in connection with such deposit of cash or such delivery of bonds, as the case may be; (b) 66-2/3% of the principal amount of bonds of the 1979 Series retired by application of sinking fund cash paid to the Trustee pursuant to the provisions of Section 5.05, or by delivery of bonds of such series to the Trustee, for cancellation, and the certification thereof to the Trustee, pursuant to such provisions, either in lieu of the payment of a specified amount of sinking fund cash otherwise required to be paid to the Trustee or as a basis for the withdrawal of sinking fund cash on deposit with the Trustee; and (c) in the case of bonds of each series, other than the 1979 Series, for the retirement of which a sinking fund shall be established, the percentage, if any, specified in the supplemental indenture creating such series, of the principal amount of bonds of such series retired by application of sinking fund cash paid to the Trustee pursuant to the provisions of such sinking fund, or by delivery of bonds of such series to the Trustee, for cancellation, and the certification thereof to the Trustee, pursuant to such provisions, either in lieu of the payment of a specified amount of sinking fund cash otherwise required to be paid to the Trustee or as a basis for the withdrawal of sinking fund cash on deposit with the Trustee.
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Related to Bondable bond retirements

  • Retirement means Normal or Early Retirement.

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • Qualified Retirement means a retirement from Service by the Executive in which, at the time of such retirement, the sum of the Executive’s age and aggregate 12-month completed periods of Service (whether or not such completed 12-month periods are consecutive), in each case without giving credit for any partial years, equals or exceeds 75.

  • Continuing care retirement community means a residential

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Public employees retirement system means the retirement plan and program