Refunded Bond Requirements definition

Refunded Bond Requirements means the payment of (i) the interest due on the Refunded Bonds, both accrued and not accrued, as the same becomes due on and after the date of delivery of the Bonds and on and before their respective Maturity Dates or Redemption Dates, as the case may be; and (ii) the principal of the Refunded Bondsupon their respective Maturity Dates or upon prior redemption on their respective Redemption Date, or such other meaning as set forth in the Escrow Agreement.

Refunded Bond Requirements means the payment of (i) the interest due on the Refunded Bonds, both accrued and not accrued, as the same become due on and after the date of delivery of the Bonds and Registered Coupons and on and before maturity or prior redemption on the Redemption Date; (ii) principal of the Refunded Bonds upon maturity or prior redemption on the Redemption Date, and (iii) any prior redemption premium, as specified in the Sale Certificate.

Refunded Bond Requirements means the principal and interest due in connection with the 2007 Bonds from the Delivery Date to the Call Date, including the redemption price for the 2007 Bonds on the Call Date.

Examples of Refunded Bond Requirements in a sentence

• The moneys and Federal Securities accounted for in the Escrow Account shall be in an amount (or have appropriate maturities and yields to produce an amount) which at all times shall be sufficient to pay the Refunded Bond Requirements as they become due, subject to the provisions of Section 10 hereof.

• If for any reason the amount in the Escrow Account shall at any time be insufficient for the purpose hereof, the City shall forthwith from the first moneys available therefor deposit in such account such additional moneys as shall be necessary to permit the payment in full of the Refunded Bond Requirements.

• Except as may be otherwise provided in the Escrow Agreement, the City shall have no right or title to the moneys credited to or held in the Escrow Account, and such title shall be and is hereby transferred to the Bank in trust for the payment of the Refunded Bond Requirements pursuant to the Escrow Agreement.

• Except as provided in paragraph B of Section 1 hereof, the Escrow Agent shall collect the principal of and interest on such Federal Securities promptly as such principal and interest become due and shall apply all money so collected to the payment of the Refunded Bond Requirements as aforesaid.

• The Escrow Account shall be maintained in an amount at the time of the initial deposits therein and at all times subsequently at least sufficient, together with the known minimum yield to be derived from the initial investment and any temporary reinvestment of the deposits therein or any part thereof in Federal Securities to pay the Refunded Bond Requirements.

More Definitions of Refunded Bond Requirements

Refunded Bond Requirements means the principal, premium if any, and interest due in connection with the Series 1998 Bonds, on the Redemption Date.

Refunded Bond Requirements means the principal and accrued interest due in connection with the Refunded Bonds as the same become due until such bonds are called for prior redemption on the Call Date.

Refunded Bond Requirements means the principal of and interest due in connection with the payment and cancellation of the Series 2009 Bonds on the Series 2009 Redemption Date.

Refunded Bond Requirements means the principal of and the interest on (i.e., all debt service requirements for) the Refunded Bonds to and including their first optional prior redemption date.

Refunded Bond Requirements means the principal of, interest due on, and any redemption premium due with respect to, the Refunded Bonds in connection with the requirements of the 2005 Loan Agreement.

Refunded Bond Requirements means the principal of and interest and

Refunded Bond Requirements means the gross amount necessary on the Call Date to redeem the principal of, and pay in full all accrued interest due in connection with, the Series 2004 Bonds.