Sinking Fund Installments definition

Sinking Fund Installments means the scheduled payments of installments of principal established for Bonds by redemption; and for any Fiscal Year, means as of any date of calculation and with respect to the Outstanding Bonds of any Series, the amount of money required by a Series Trust Indenture to be paid for the redemption of Bonds scheduled to occur in such Fiscal Year.
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Sinking Fund Installments means the money required to be deposited in the Sinking Fund Account for the purpose of the mandatory redemption of any term Bonds issued pursuant to the Indenture, the specific amounts and times of such deposits to be as set forth in Section 8.01(c) hereof and the applicable Supplemental Indenture.
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Sinking Fund Installments means with respect to Bonds of a Series maturing on a specified date, the payments, if any, so designated and specified in this Indenture or the Supplemental Indenture, as applicable, authorizing such Series of Bonds to be applied to the payment of the principal of such Bonds on or prior to maturity.
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Examples of Sinking Fund Installments in a sentence

  • Such applicable Redemption Prices shall be the respective Redemption Prices which would be applicable upon the redemption of such Bonds from the respective Sinking Fund Installments on the due dates thereof.

  • If any of the Bonds shall no longer be registered in the name of a nominee of DTC or any successor securities depository or its nominee, interest on the Bonds shall be payable by check mailed to the registered owners of the Bonds, and Principal, Sinking Fund Installments, if any, or Redemption Price of the Bonds shall be payable at the principal corporate trust office of the Paying Agent for the Bonds.

  • 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.

  • If optional redemption at a price exceeding 100% of the principal amount to be redeemed is to take place as of any applicable Mandatory Redemption Date, the Bonds, or portions thereof, to be redeemed optionally shall be selected by lot prior to the selection by lot of the Bonds to be redeemed on the same date by application of the Mandatory Sinking Fund Installments of paragraph (a).

  • The Bonds which are Term Bonds are subject to mandatory redemption, through the application of Mandatory Sinking Fund Installments, as set forth in the Certificate of Award, on each Mandatory Redemption Date at one hundred percent (100%) of the principal amount thereof plus accrued interest to such date, in the years and principal amounts set forth in the Principal Retirement Schedule.

  • In accordance with and for purposes of subsection (ii) of this Section 4.1(c), if and to the extent that Bonds are redeemed pursuant to subsection (c)(i) hereof, the Bonds to be redeemed shall be selected from all maturities, including Sinking Fund Installments on the Term Bonds, on a pro rata basis.

  • Possibility of Mandatory Sinking Fund Installments Bidders may elect to structure the issue to include term bonds (the “Term Bond Option”), which term bonds, if selected by the Bidder, will be subject to mandatory redemption prior to maturity, in the years and amounts shown above as serial maturities, upon payment of one hundred percent (100%) of the principal amount of the Bonds to be redeemed, together with accrued interest to the date fixed for such mandatory redemption.

  • So long as all of the Bonds are registered in the name of Cede & Co., as nominee of DTC, or any other nominee of DTC or its successor as securities depository, Principal, Sinking Fund Installments, if any, Redemption Price of and interest on the Bonds shall be payable from the Trustee to DTC or its successor as securities depository for the Bonds, as determined by the Treasurer in the Certificate of Determination.

  • So long as all of the Bonds are registered in the name of Cede & Co., as nominee of DTC, or any other nominee of DTC or its successor as securities depository, Principal, Sinking Fund Installments, if any, Redemption Price of and interest on the Bonds shall be payable from the Trustee to DTC or its successor as securities depository for the Bonds, as determined by the Treasurer in a Certificate of Determination.


More Definitions of Sinking Fund Installments

Sinking Fund Installments. An amount so designated with respect to the Bonds which is established pursuant to Section 2.02(a) for mandatory redemption on a date certain of any Series of Bonds pursuant to this Loan and Trust Agreement. The portion of any such Sinking Fund Installment remaining after the deduction of any such amounts credited pursuant to Section 3.06(d) 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.
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Sinking Fund Installments means the amount designated for any particular due date in Section 3.02 hereof for the retirement of Series 2025A Term Bonds on an unconditional basis.
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Sinking Fund Installments means the amounts established as sinking fund installments for certain Bonds in a Corporation Resolution.
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Sinking Fund Installments with respect to any Series of Bonds, shall have the meaning, if any, specified in either the Indenture or the Applicable Supplemental Indenture.
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Related to Sinking Fund Installments

  • 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.

  • Bond Payment Date means any date on which principal of or interest on any Bond is payable.

  • Redemption Period shall have the meaning set forth in Section 23(a) hereof.

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;