Sinking Fund definition

Sinking Fund means each Sinking Fund Subaccount under the Indenture. To the extent necessary for compliance with the Authority’s tax covenants and other provisions of the Indenture and the Act, the Authorized Officers of the Authority may subdivide each such subaccount in respect of separate categories or issues of Sinking Fund Bonds.
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Sinking Fund means a fund for the payment of principal only of a mandatory redemption security.
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Sinking Fund means the Bond Fund.
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Examples of Sinking Fund in a sentence

  • The Sinking Fund shall be for the benefit of Landlord and shall be used by Tenant, not earlier than the twentieth (20th) full calendar year following the Effective Date, for the cost of any Reclamation work.

  • If there are any funds remaining in the Sinking Fund following the Reclamation Completion Date, such funds shall remain in the Sinking Fund for future use in any subsequent Reclamation during the Term.

  • If Landlord determines to self-perform Tenant’s obligations as provided herein, then notwithstanding anything in this Lease to the contrary, the Sinking Fund and any casualty proceeds specifically allocable to the cost of performing the Reclamation Obligations or other restoration obligations of Tenant shall be paid to Landlord.

  • Any funds remaining in the Sinking Fund following the later to occur of (i) the expiration or termination of this Lease and (ii) final Reclamation of the Project, shall be returned to Tenant.

  • The Sinking Fund Custody Agreement shall also provide that if this Lease shall expire or be terminated in accordance with the terms of this Lease, any funds remaining in the Sinking Fund shall not be released to Tenant, and amounts on deposit in the Sinking Fund shall be used to (i) pay any outstanding Claims, damages, or Additional Rent due to Landlord, and (ii) satisfy Tenant’s restoration obligations, as so directed by Landlord.


More Definitions of Sinking Fund

Sinking Fund means the fund comprising of the amounts to be paid/deposited and/or contributed by each Unit, including the Purchaser/s herein, towards sinking fund which shall be held by the Maintenance Agency on account of maintenance expenses.
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Sinking Fund means the fund established by a body corporate under section 38(4).
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Sinking Fund means a fund established where provision is made to accumulate sufficient funds to repay the capital on a municipal bond issue at the end of the loan period as a lump sum which is termed a 'bullet' payment;
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Sinking Fund means the fund comprising of the amounts to be paid / deposited and/or contributed by each Unit Owner, including the Allottee herein, towards sinking fund which shall be ultimately held by the Maintenance Agency for the purpose of major repairs, replacements and additions to the Common Areas and other contingencies;
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Sinking Fund means the Sinking Fund established under Section 3.08 of the Indenture. “Total Principal and Interest Requirements” means, in any fiscal year, the total amount of
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Sinking Fund means the Sinking Fund established under Section 3.08 hereof, which Sinking Fund may be maintained by the Trustee as part of the Bond Fund.
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Sinking Fund has the meaning specified in Section 7.02.
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