Examples of Parity Bond Fund in a sentence
The obligation to make the required monthly deposits into the Bond Fund and the Parity Bond Fund shall rank on a parity of security.
Unregistered Sales of Equity Securities and Use of Proceeds(c) Stock Repurchases The following table presents the total number of shares purchased in the three months ended September 30, 2013, the average price paid per share and the approximate dollar value of shares that still could have been purchased at the end of the applicable fiscal period, pursuant to the 2012 Repurchase Program.
It also causes transient effects on circuit performance [84], [85], some good and some bad.
Interest earned on any such investments and/or any profits realized from the sale thereof shall be deposited in and become a part of the Parity Bond Fund.
The amounts pledged by this ordinance to be paid out of the Electric Fund into the Parity Bond Fund (and the Debt Service Account and Reserve Account therein) are hereby declared to be a prior lien and charge upon all the money in the Electric Fund superior to all other charges of any kind or nature except the charges required to pay the Operation and Maintenance Expense and equal in rank to the charges necessary to pay the principal of, premium, if any, and interest on any Future Parity Bonds.
If there are insufficient moneys in the Revenue Fund to make the monthly payments into the Bond Fund and the Parity Bond Fund and make monthly installments with respect to outstanding Parity Bonds and Other Parity Bonds (and any debt service reserves therefor), CWL shall make payments from the Revenue Fund with respect to the Bonds and outstanding Parity Bonds and Other Parity Bonds pro rata based upon the outstanding principal amount of the Bonds and outstanding Parity Bonds and Other Parity Bonds.
The City has agreed to pay into the Parity Bond Fund on or prior to the respective dates on which principal of and interest on Parity Bonds will be payable certain amounts from the Gross Revenues of the Light System sufficient to pay such principal and interest as the same become due.
Whenever there is a sufficient amount in the Parity Bond Fund, including all accounts therein, to pay the principal of, premium, if any, and interest on all Covered Parity Bonds then outstanding, the money in the Reserve Account may be used to pay the principal of, premium, if any, and interest on the Covered Parity Bonds, after all funds available for such purpose in the Debt Service Account have been so used.
The Parity Bond Fund shall be divided into a Debt Service Account and a Reserve Account, which are authorized to be created therein.
Simultaneously with making the deposit into the Bond Fund, there shall be transferred from the Revenue Fund into the bond fund for the Parity Bonds (the "Parity Bond Fund") an amount equal to the required monthly deposit into such fund.