Compound Interest Bonds definition

Compound Interest Bonds means any Bond of a Series, tenor and maturity so designated in the Related Series Indenture for which certain determinations under the Indenture are made on the basis of Accreted Value rather than principal amount.
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Compound Interest Bonds means those Bonds the interest on which will not be paid until the Stated Maturity thereof, or earlier upon redemption.
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Compound Interest Bonds means Bonds that bear interest which is calculated based on periodic compounding, payable only at maturity or earlier redemption.
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Examples of Compound Interest Bonds in a sentence

  • Attached to each Pricing Certificate, if Premium Compound Interest Bonds are to be issued, shall be the Accretion Table.

  • The Premium Compound Interest Bonds shall bear interest from the Issuance Date, calculated on the basis of a 360-day year composed of twelve 30-day months (subject to rounding to the Compounded Amounts thereof), compounded on the Compounding Dates as set forth in each Pricing Certificate, and payable, together with the principal amount thereof, in the manner provided in the Form of Bonds at the rates set forth in the Pricing Certificate.

  • Except as otherwise stated in the related Terms Indenture, interest due and payable on a Payment Date for a Series, other than on Compound Interest Bonds, will be equal to the amount of unpaid interest that will have accrued in accordance with the related Terms Indenture through the end of the Interest Accrual Period for such Payment Date.

  • Interest on a Class of Compound Interest Bonds will be due and payable, except as provided in the related Terms Indenture, on each Payment Date commencing on the Payment Date coinciding with or next following the Accrual Termination Date for the Class.

  • For each Class of Compound Interest Bonds, except as provided in the related Terms Indenture, interest accrued during each Interest Accrual Period ending on or prior to the applicable Accrual Termination Date will be added to the principal of such Class of Compound Interest Bonds on the related Payment Date, or on such more or less frequent basis, as is provided in the related Terms Indenture.

  • Each Series shall include at least one Class of Bonds which are not Compound Interest Bonds and may, but need not, include one or more Classes of Compound Interest Bonds.

  • The Premium Compound Interest Bonds shall bear interest from the Issuance Date, calculated on the basis of a 360-day year composed of twelve 30-day months (subject to rounding to the Compounded Amounts thereof), compounded on the Compounding Dates as set forth in the Pricing Certificate, and payable, together with the principal amount thereof, in the manner provided in the Form of Bonds at the rates set forth in the Pricing Certificate.

  • Attached to the Pricing Certificate, if Premium Compound Interest Bonds are to be issued, shall be the Accretion Table.

  • The portion, if any, of such interest which is not paid on such Initial Interest Payment Date shall be added to the principal of such Compound Interest Bonds on such Initial Interest Payment Date and shall thereafter accrue interest in the manner set forth above.

  • On each Interest Payment Date after the Initial Interest Payment Date for a Class of Compound Interest Bonds Accrued Bond Interest on the Class Imputed Principal Balance of such Class shall be payable to the extent of Available Funds as specified in the related Series Supplement.


More Definitions of Compound Interest Bonds

Compound Interest Bonds means Bonds which are sold at an initial offering price of less than 95% of the principal amount thereof payable at maturity, and which are specifically designated as such in the Supplemental Resolution authorizing the issuance thereof.
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Compound Interest Bonds means bonds or obligations which for a stated period of time bear interest, which interest is calculated based on regular compounding, payable only (i) at the stated maturity or payment date or earlier redemption or prepayment or (ii) on a specified date from and after which date, such bonds or obligations bear interest payable on a regularly scheduled basis. Bonds or obligations described in clause (ii) above shall be deemed to be “Compound Interest Bonds” until the specified date on which the compound interest ceases to accrue.
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Related to Compound Interest Bonds

  • Compound Interest shall have the meaning set forth in Section 4.1.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Floating Rate Notes means the Class A-2b Notes.

  • Principal and Interest Account The principal and interest account created by the Servicer pursuant to Section 8.08(a) hereof. The Principal and Interest Account shall be an Eligible Account.