Current Interest Bond definition

Current Interest Bond means a Bond on which interest is payable on Interest Payment Dates prior to maturity or redemption prior to maturity.

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Current Interest Bond means any Bond issued under Section 2.02 hereof, the interest on which is payable on each Interest Payment Date to maturity or redemption prior to maturity.

Current Interest Bond means any Bond the interest on which is payable on the Interest Payment Dates provided therefor in the Supplemental Indenture authorizing such Bond. The term “Current Interest Bond” as used throughout this Indenture also includes any Capital Appreciation and Income Bond from and after the Interest Commencement Date specified therefor.

Examples of Current Interest Bond in a sentence

The principal amount to be redeemed in each year shown above will be reduced proportionately, in integral multiples of $5,000, by any portion of the Term Current Interest Bond optionally redeemed prior to the mandatory sinking fund redemption date.
For purposes of such selection, each Current Interest Bond shall be deemed to consist of individual bonds of $5,000 denominations each and each Capital Appreciation Bond shall be deemed to consist of individual bonds of $5,000 Maturity Value each, which may be separately redeemed.
Notwithstanding the foregoing, if interest on any Current Interest Bond is in default at the time of authentication thereof, such Current Interest Bond shall bear interest from the Interest Payment Date to which interest has previously been paid or made available for payment thereon.
The Current Interest Bonds shall be issued as fully registered Bonds, without coupons, in the denomination of $5,000 each or any integral multiple thereof, but in an amount not to exceed the aggregate principal amount of Current Interest Bonds maturing in the year of maturity of the Current Interest Bond for which the denomination is specified.
The 2023 TIFIA Bond shall be a Current Interest Bond and shall be a Taxable Bond.

More Definitions of Current Interest Bond

Current Interest Bond means a Bond of a Series, the interest on which is payable on the Interest Payment Dates provided therefor in a Supplemental Resolution.

Current Interest Bond as used throughout this Indenture also includes any Capital Appreciation and Income Bond from and after the Interest Commencement Date specified therefor.

Current Interest Bond. A Bond other than an Accretion Bond.

Current Interest Bond means a Bond the interest on which is payable periodically and which is not a Convertible Capital Appreciation Bond.

Current Interest Bond means a Bond which is not a Capital Appreciation Bond.

Current Interest Bond means a Bond (including, as the context requires, a Convertible Bond on and after the applicable Conversion Date), the interest on which is payable currently on each Distribution Date after the applicable Conversion Date.

Current Interest Bond means any Bond on which interest accrues from its date of original issue and is payable on each Interest Payment Date to its stated maturity date or an earlier date on which it is called for prior redemption, commencing on a date specified in the applicable Series Resolution.