Sinking Fund Installment definition

Sinking Fund Installment means, as of any particular date of calculation, the amount required, as of such date of calculation, to be paid by the Authority on a future date for the retirement of Outstanding Bonds which are stated to mature subsequent to such future date, but does not include any amount payable by the Authority by reason only of the maturity of a Bond.

Sinking Fund Installment means the amount of money to redeem or pay at maturity the principal of a Stated Maturity of Bonds payable from such installments at the times and in the amounts provided in Section 4.2.

Sinking Fund Installment means the amount of money which is required to be deposited into the Sinking Fund Account in each year as specified in the Supplemental Indenture authorizing Term Bonds for the retirement of such Term Bonds (whether at maturity or by redemption), and including the redemption premium, if any.

Examples of Sinking Fund Installment in a sentence

• The portion of any such Sinking Fund Installment remaining after the deduction of any such amounts credited toward the same (or the original amount of any such Sinking Fund Installment if no such amounts shall have been credited toward the same) shall constitute the unsatisfied balance of such Sinking Fund Installment for the purpose of the calculation of Principal Installments due on a future date.

• Each Bond so delivered, or previously redeemed, or purchased and cancelled, shall be credited by the Registrar at 100 percent of the principal amount thereof against the then current Mandatory Sinking Fund Installment (and corresponding mandatory redemption obligation).

• Any excess of that amount over the then current Mandatory Sinking Fund Installment shall be credited against subsequent Mandatory Sinking Fund Installments (and corresponding mandatory redemption obligations) in the order directed by the Treasurer.

• A credit against the then current Mandatory Sinking Fund Installment (and corresponding mandatory redemption obligation) also shall be received by the City for any Bonds which are Term Bonds, which prior thereto have been redeemed (other than through the operation of the Mandatory Sinking Fund Installments) or purchased for cancellation and cancelled by the Registrar, to the extent not applied theretofore as a credit against any mandatory redemption obligation.

• The City shall have the option to deliver to the Registrar for cancellation any Bonds which are Term Bonds subject to mandatory sinking fund redemption in any aggregate principal amount and to receive a credit against the then current Mandatory Sinking Fund Installment (and corresponding mandatory redemption obligation) of the City.

More Definitions of Sinking Fund Installment

Sinking Fund Installment means the amount designated for any particular due date in the Related Series Indenture for the retirement of Bonds on an unconditional basis, less any amount credited pursuant to the General Indenture.

Sinking Fund Installment means an amount so designated which is established pursuant to Section 2.02(a)(8). The portion of any such Sinking Fund Installment remaining after the deduction of any such amounts credited pursuant to Sections 5.08(c) or 5.09 toward the same (or the original amount of any such Sinking Fund Installment if no such amounts shall have been credited toward the same) shall constitute the unsatisfied balance of such Sinking Fund Installment for the purpose of calculation of Sinking Fund Installments due on a future date.

Sinking Fund Installment means the amount required to be applied by the Authority to the payment of the principal portion of the Redemption Price of Term Bonds (other than at the option or election of the Authority) on any one date as specified herein.

Sinking Fund Installment means, as of any date of calculation, so long as any Bonds of the Series, Subseries and maturity entitled to Sinking Fund Installments are Outstanding, the amount of money required by the Series Resolution pursuant to which such Bonds were issued or by the Series Certificate relating thereto to be paid on a single future date for the retirement of any Outstanding Bonds of said Series which mature after said future date, but does not include any amount payable by the Authority by reason only of the maturity of a Bond, and said future date is deemed to be the date when a Sinking Fund Installment is payable and the date of such Sinking Fund Installment and said Outstanding Option Bonds or Variable Interest Rate Bonds of such Series are deemed to be Bonds entitled to such Sinking Fund Installment; provided, however, that no Sinking Fund Installment on a Bond, other than Variable Interest Rate Bonds or Option Bonds, shall be payable on a date that is not January 1 or July 1 of any year in which a Sinking Fund Installment is scheduled to be due;

Sinking Fund Installment means, as of any date of calculation, the amount of money required to be paid on a single future date for the retirement of a Term Bond that matures after said future date, but does not include any amount payable by the Corporation by reason only of the maturity of such Term Bond.

Sinking Fund Installment means, as of any particular date of calculation, the amount required by this Resolution or any Supplemental Resolution to be paid by the City on a future date for the retirement of the principal amount of Outstanding Bonds or Subordinated Bonds which are stated to mature subsequent to such future date, but does not include any amount payable by the City by reason only of the maturity of a Bond or Subordinated Bond.

Sinking Fund Installment means an amount so designated which is established pursuant to the provisions of the Trust Agreement concerning the General Provisions for Issuance of Additional Bonds with respect to any Series of Bonds other than the Series 2013B Bonds, which shall be as provided in a Supplemental Trust Agreement.