Examples of Sinking Fund Bonds in a sentence
The Issuer has duly authorized the execution and delivery of this Indenture to provide for bonds consisting of its 12% Sinking Fund Bonds due December 31, 2007 (the "Bonds"), issuable as provided in this Indenture.
In addition to any Mandatory Sinking Fund Redemption provided herein, on the date of any Mandatory Sinking Fund Redemption, the Shipowner may, at its option, redeem an additional amount of principal of Sinking Fund Bonds (without Make-Whole Premium or other premium) equal in an amount to the Mandatory Sinking Fund Redemption payment (an “Optional Sinking Fund Redemption”); provided that, the right to make an optional redemption may not be cumulative.
This bond is one of a series, designated as Series [ ] Percent First Refunding Mortgage Sinking Fund Bonds, of said issue of bonds.
There is hereby authorized and created under this Indenture an issue of Bonds which are designated "Xxxxxx Resources, Inc., 12% Sinking Fund Bonds due December 31, 2007" with respect to the Bonds.
The Stated Maturities of the Serial Bonds shall be earlier than the Stated Maturity of the Sinking Fund Bonds.
The terms “sinking fund payment” and “sinking fund redemption” in Exhibit 1 to this Indenture refer to the mandatory scheduled redemption for the Floating Rate Note, Stated Maturities of the Serial Bonds, and the Mandatory Sinking Fund Redemptions of Sinking Fund Bonds, all as set forth in the Amortization Schedule as the same may be revised as provided herein.