Compound Accreted Value definition

Compound Accreted Value means the value at any applicable date of any Capital Appreciation Bonds computed as the original principal amount thereof for each maturity date plus an amount equal to interest on said principal amount (computed on the basis of a 360-day year of twelve 30-day months) compounded semiannually on such dates as shall be established by the resolution authorizing Capital Appreciation Bonds, from the dated date to said applicable date at an interest rate which will produce at maturity the Maturity Amount for such maturity date.

Compound Accreted Value means an amount determined in accordance with Section

Compound Accreted Value means an amount determined in accordance with the Resolution.

Examples of Compound Accreted Value in a sentence

• In connection with the issuance and sale of any Convertible Bonds, the terms and provisions relating to the conversion of the Compound Accreted Value of such Convertible Bonds into Current Interest Bonds shall be contained in the Indenture executed and delivered by a Designated Official at the time of sale of such Convertible Bonds.The Bonds shall be dated as of a date not earlier than November 1, 2021, as determined by a Designated Official at the time of sale thereof.

• Any Capital Appreciation Bonds may contain provisions for the conversion of the Compound Accreted Value of such bonds into current interest rate bonds at such time following the initial issuance as shall be approved by an Authorized Officer.

• No person other than a registered owner of a Bond as shown in the Bond Register, shall receive a Bond evidencing the obligation of the District to make payments of the Compound Accreted Value with respect to any Bond.

• The functional currency assessment was done on a Fund by Fund basis.

• In order to secure the payment of the principal of, redemption price of, interest on and the Compound Accreted Value (as hereinafter defined) of each Series of the Bonds, the Board hereby authorizes the inclusion in each Indenture securing such Bonds of a pledge of all or a portion of the 2019 Pledged Revenues to the payment of such Series.

• The District and the Bond Registrar may treat and consider the person in whose name each Bond is registered in the Bond Register as the holder and absolute owner of such Bond for the purpose of payment of the Compound Accreted Value of such Bond, for the purpose of giving notices of redemption and other matters with respect to such Bond, for the purpose of registering transfers with respect to such Bond, and for all other purposes whatsoever.

• Each of the Designated Officials is authorized to allocate all or a portion of the 2019 Pledged Revenues to the payment of the principal of, redemption price of, interest on and the Compound Accreted Value of each Series of the Bonds and the Indenture pursuant to which such Series of Bonds is issued and the notification of sale of such Series of the Bonds delivered by the Designated Officials pursuant to Section 4(e) hereof shall identify the specific 2019 Pledged Revenues allocated to such Series.

• On the Current Interest Commencement Date, the Series 2007A GAINS converted to Current Interest Bonds and are shown at their Compound Accreted Value (CAV) of $185,220,000, which is the total of the initial principal amount and the accreted interest.

• The Bond Registrar shall pay the Compound Accreted Value of the Bonds only to or upon the order of the respective registered owners of the Bonds, as shown in the Bond Register, or their respective attorneys duly authorized in writing, and all such payments shall be valid and effective to fully satisfy and discharge the District’s obligations with respect to payment of the Compound Accreted Value of the Bonds to the extent of the sum or sums so paid.

• They were issued in the initial amounts and accrete at interest rates set forth in the Official Statement dated October 1, 1992 to arrive at the Compound Accreted Value at maturity of $8,465,000.

More Definitions of Compound Accreted Value

Compound Accreted Value means that amount representing a repayment of the original principal amount of a Capital Appreciation Bond and the payment of an investment return accrued over the life of such Capital Appreciation Bond at a semi-annual compounding rate which is necessary to produce the approximate yield to maturity for such Capital Appreciation Bond from the date of such Capital Appreciation Bond.

Compound Accreted Value means with respect to each Capital Appreciation Bond, as of the date of computation an amount equal to the principal amount of each Capital Appreciation Bond plus interest accrued and compounded on such Capital Appreciation Bond from its dated date to the June 1 or December 1 (or such other date or dates as may be specified by Supplemental Resolution or by an Authorized Officer of the Authority on or prior to the issuance of such Capital Appreciation Bond) immediately preceding the date of computation or to the date of computation if a June 1 or December 1 (or such other date or dates as may be specified by Supplemental Resolution or by an Authorized Officer of the Authority on or prior to the issuance of such Capital Appreciation Bond), as set forth in schedules of the Compound Accreted Value per $1,000 (or $5,000) maturity amount of each Capital Appreciation Bond on each June 1 or December 1 (or such other date or dates as may be specified by Supplemental Resolution or by an Authorized Officer of the Authority on or prior to the issuance of such Capital Appreciation Bond) prepared by an Authorized Officer of the Authority.

Compound Accreted Value means, with respect to each Capital Appreciation Bond as of any date of calculation, an amount equal to the sum of (i) the principal amount of such Bond, plus (ii) any interest that has been compounded, i.e., any interest amount that is itself then bearing interest, all determined as of such date.