Examples of Compounded Amount in a sentence
Subject to Section 2.08 hereof, for so long as the Treasurer is the Fiscal Agent, the principal or Final Compounded Amount of the Bonds shall be payable in lawful money of the United States of America upon presentation and surrender of such Fixed Rate Bonds at the corporate office of the District.
The principal amount (or Compounded Amount in the case of capital appreciation bonds) of the Assured Insured Bonds shall be deemed accelerated and immediately due and payable, as of the Effective Date; provided, however, that such deemed acceleration shall not affect, nor shall it be construed to affect, any issues regarding the existence of a “default” or an “event of default” with respect to the Existing Securities which were pending prior to the Effective Date.
The principal amount (or Compounded Amount in the case of capital appreciation bonds) of the Ambac Insured Bonds shall be deemed accelerated and immediately due and payable, as of the Effective Date; provided, however, that such deemed acceleration shall not affect, nor shall it be construed to affect, any issues regarding the existence of a “default” or an “event of default” with respect to the Existing Securities which were pending prior to the Effective Date.
Interest on the 2014A Subordinate Convertible Capital Appreciation Bonds shall be payable on each Interest Payment Date in amounts determined by reference to the Compounded Amount of such 2014A Subordinate Convertible Capital Appreciation Bond on the applicable Current Interest Commencement Date.
Each 2014A Subordinate Capital Appreciation Bond shall bear interest on the overdue Compounded Amount at the rate borne by such 2014A Subordinate Capital Appreciation Bond.