Mandatory sinking fund redemption requirements definition

Mandatory sinking fund redemption requirements means amounts required by proceedings to be deposited in a bond retirement fund for the purpose of paying in any year or fiscal year by mandatory redemption prior to stated maturity the principal of securities that is due and payable, except for mandatory prior redemption requirements as provided in those proceedings, in a subsequent year or fiscal year.

Mandatory sinking fund redemption requirements means, as to the Series 2017 Arena Bonds, the deposits required to be made in respect of the mandatory redemption requirements indicated in the Indenture.

Mandatory sinking fund redemption requirements means, as to the Series 2020D Bonds, the deposits required to be made in respect of the mandatory redemption requirements indicated in the First Supplemental Trust Indenture.

Examples of Mandatory sinking fund redemption requirements in a sentence

• If optional redemption of Term Bonds at a redemption price exceeding 100% of the principal amount to be redeemed is to take place as of any Mandatory Redemption Date applicable to those Term Bonds, the Term Bonds, or portions thereof, to be redeemed optionally shall be selected by lot prior to the selection by lot of the Term Bonds of the same maturity (and interest rate within a maturity if applicable) to be redeemed on the same date by operation of the Mandatory Sinking Fund Redemption Requirements.

• The rate or rates of interest per year to be borne by the Series 2014 Bonds and the principal amount of Series 2014 Bonds maturing or payable pursuant to Mandatory Sinking Fund Redemption Requirements on each Principal Payment Date, shall be such as to demonstrate a net present value savings to the City due to the refunding of the Series 2005 Refunded Bonds, after taking into account all expenses related to that refunding and the issuance of the Series 2014 Bonds.

• The Series 2014 Bonds shall mature or be payable pursuant to Mandatory Sinking Fund Redemption Requirements on the Principal Payment Dates in principal amounts as shall be determined by the Director of Finance, subject to subsection (d) of this Section, in the Certificate of Award, which determination shall be consistent with the best interest of and financial advantages to the City.

• Each Term Bond so delivered, or previously redeemed, or purchased and canceled, shall be credited by the Bond Registrar at 100% of the principal amount thereof against the then current or subsequent Mandatory Sinking Fund Redemption Requirements (and corresponding mandatory redemption obligations), as specified by the Fiscal Officer, for Xxxx Xxxxx stated to mature on the same Principal Payment Date as the Term Bonds so delivered, redeemed or purchased and canceled.

• The aggregate of the moneys to be deposited with the Bond Registrar for payment of principal of and interest on any Term Bonds on each Mandatory Redemption Date shall include an amount sufficient to redeem on that date the principal amount of Term Bonds payable on that date pursuant to Mandatory Sinking Fund Redemption Requirements (less the amount of any credit as hereinafter provided).

• The rate or rates of interest per year to be borne by the Bonds, and the principal amount of Bonds maturing or payable pursuant to Mandatory Sinking Fund Redemption Requirements on each Principal Payment Date, shall be such that (i) the total principal and interest payments on the Bonds in any fiscal year in which principal is payable is not more than three times the amount of those payments in any other such fiscal year and (ii) the true interest cost of the Bonds shall not exceed 7%.

• The Bonds shall mature or be payable pursuant to Mandatory Sinking Fund Redemption Requirements (as hereinafter defined and described) on the Principal Payment Dates in principal amounts as shall be determined by the Fiscal Officer, subject to subsection (c) of this Section, in the Certificate of Award, consistent with the Fiscal Officer’s determination of the best interest of and financial advantages to the City.

• The aggregate of the moneys to be deposited with the Bond Registrar for payment of principal of and interest on any Term Bonds on each Mandatory Redemption Date shall include an amount sufficient to redeem on that Date the principal amount of Term Bonds payable on that Date pursuant to the Mandatory Sinking Fund Redemption Requirements (less the amount of any credit as hereinafter provided).

More Definitions of Mandatory sinking fund redemption requirements

Mandatory sinking fund redemption requirements means Mandatory Sinking Fund Redemption Requirements as defined and described in Section 3(d)(i).

Mandatory sinking fund redemption requirements means amounts required by proceedings to be deposited in a sinking fund for the purpose of paying, by mandatory redemption prior to stated maturity, the principal of bonds that is due and payable in a subsequent year or fiscal year.

Mandatory sinking fund redemption requirements means amounts required by

Mandatory sinking fund redemption requirements means the amounts required by the Certificate of Award or the First Supplemental Trust Agreement to be deposited in the Bond Fund and credited to the Principal Payment Account in any year for the purpose of retiring principal amounts of Bonds which would have been due and payable, except for such prior mandatory redemption requirements or retirement as provided in the Certificate of Award or the Trust Agreement, in any subsequent year.

Mandatory sinking fund redemption requirements shall have the meaning set forth in Section 3(f)(i).

Mandatory sinking fund redemption requirements means, as to the Series 2021 Ball Park Bonds, the deposits required to be made in respect of the mandatory redemption requirements indicated in the Sales Tax Revenue Bond Indenture.