Mandatory Sinking Account Payment definition

Mandatory Sinking Account Payment means, as of any date of calculation, with respect to the Term Bonds of any series and maturity, the principal amount required to be paid on a given date for the redemption before maturity or the purchase of such Term Bonds pursuant to a Series Indenture or Remarketing Indenture. Such amounts may be established as fixed-dollar amounts or by formula.

Mandatory Sinking Account Payment means, with respect to Bonds of any Series and maturity, the amount required by the Supplemental Indenture establishing the terms and provisions of such Series of Bonds to be deposited by the City in a Sinking Account for the payment of Term Bonds of such Series and maturity.

Mandatory Sinking Account Payment means, with respect to Term Bonds of any Series and maturity, and pursuant to, the Supplemental Indenture establishing the terms and provisions of such Series of Secured Obligations, the amount required to be deposited by the Borrower in a sinking account in the “Principal Fund” established pursuant to Article V of the Indenture for the payment of Term Bonds of such Series and maturity.

Examples of Mandatory Sinking Account Payment in a sentence

• The Trustee, on each Principal Payment Date and each Mandatory Sinking Account Payment Date, shall deposit in the Principal Fund that amount of moneys representing the portion of the Base Rental Payments designated as the principal component coming due on such Principal Payment Date or Mandatory Sinking Account Payment Date.

• The Series 2013 Bonds maturing on September 1, 20 , are subject to mandatory redemption from Mandatory Sinking Account Payments for such Series 2013 Bonds, on each date a Mandatory Sinking Account Payment for such Series 2013 Bonds is due, and in the principal amount equal to the Mandatory Sinking Account Payment due on such date at a Redemption Price equal to the principal amount thereof, plus accrued interest to the redemption date, without premium.

• The third category has a weighting of 50% and includes municipal bonds and mortgages on real estate.

• On each Principal Payment Date and each Mandatory Sinking Account Payment Date, the Trustee shall withdraw from the Principal Fund, for payment to the Owners, the principal evidenced bythe Certificates due and payable on such Principal Payment Date or Mandatory Sinking Account Payment Date.

• The supervisor is also to call D.E.Q. and report any spills over (25) gallons.

More Definitions of Mandatory Sinking Account Payment

Mandatory Sinking Account Payment means the principal evidenced by the Certificates required to be paid on each Mandatory Sinking Account Payment Date pursuant to Section 4.01 of the Trust Agreement.

Mandatory Sinking Account Payment means (i) with respect to Senior Lien Bonds of any Series and maturity, the amount required by the Supplemental Indenture establishing the terms and provisions of such Series of Senior Lien Bonds to be deposited by the Issuer in the Senior Lien Principal Account for the payment of principal of Term Bonds of such Series and maturity, and

Mandatory Sinking Account Payment means, with respect to Term Bonds of any maturity, the amount required by this Indenture to be paid on any single date for the retirement of Term Bonds of such maturity.

Mandatory Sinking Account Payment means the amount required by this Indenture to be paid by the Authority on any single date for the retirement of Bonds pursuant to Section 3.01(c).

Mandatory Sinking Account Payment means the amount required by Section 5.03 to be paid by the Trustee on any single date for the redemption of Bonds.

Mandatory Sinking Account Payment means the principal amount of any Bond required to be paid on each Mandatory Sinking Account Payment Date pursuant to the terms of this Trust Agreement or any Supplemental Trust Agreement.

Mandatory Sinking Account Payment means payments to be made of principal evidenced by Certificates pursuant to the table set forth in Section 4.03 hereof and payments to be made of principal to the extent of amounts on hand in the Base Rental Account of the Certificate Fund following the transfers to the Interest Account and the Principal Account on each Mandatory Sinking Account Payment Date pursuant to Section 4.03 hereof.