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.

Compound Interest Bonds means Bonds that bear interest which is calculated based on periodic compounding, payable only at maturity or earlier redemption.

Examples of Compound Interest Bonds in a sentence

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.
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.
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.
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.
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.
The Bonds may, pursuant to the Standard Provisions Indenture and the Terms Indenture, be issued in one or more Series, each of which Series may be issued in one or more Classes which may include one or more Classes of Compound Interest Bonds, and shall be designated generally as the "Mortgage-Collateralized Bonds" of the Issuer, with such further particular designations added or incorporated in such title for the Bonds of any particular Series or Class as the Owner-Trustee may determine.
This Purchase Agreement shall survive the purchase and sale of the TAD Series Compound Interest Bonds and shall remain in full force and effect until the principal of the TAD Series Compound Interest Bonds, together with the premium, if any, and interest thereon and all amounts payable under this Purchase Agreement shall have been irrevocably paid in full.
For each Class of Compound Interest Bonds, 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.
Interest due and payable on a Payment Date, other than on Compound Interest Bonds, will be equal to the amount of unpaid interest that will have accrued hereunder through the end of the Interest Accrual Period for such Payment Date.

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.

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 specifically designated as such in the Series Indenture authorizing the issuance thereof.

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.