Sinking Fund Requirement means each annual scheduled contribution to a Sinking Fund for the redemption, at or prior to maturity, of Sinking Fund Bonds of a Series. The Authority may apply or credit against any Sinking Fund Requirement the principal amount of any Bonds to which that Sinking Fund Requirement applies (or, to the extent permitted by Series Resolution, other Bonds) that have been purchased or redeemed and not previously so applied or credited.

Sinking Fund Requirement means, for any calendar year, the principal amount and

Sinking Fund Requirement means, with respect to the Term Bonds, if any, for any Bond Year, the principal amount fixed or computed as provided in the Series Certificate for the retirement of the Term Bonds by purchase or redemption on July 1 of the following Bond Year.

Examples of Sinking Fund Requirement in a sentence

If there is a deficiency in the Debt Service Account to pay any maturing installment of principal of or interest on any Covered Parity Bond, or to pay any Sinking Fund Requirement with respect thereto, such deficiency shall be made up by withdrawal of money from the Reserve Account.
The Authority may credit against any Sinking Fund Requirement the principal amount of any Subseries F-2 Bonds or other Eligible Bonds that have been retired through purchase or optional redemption and not previously so credited.
If a certificate is not timely furnished to the Trustee, the Mandatory Sinking Fund Requirement (and corresponding Mandatory Redemption Obligation) shall not be reduced.
The Authority may credit against any Sinking Fund Requirement the principal amount of any Subseries A-2 Bonds or other Eligible Bonds that have been retired through purchase or optional redemption and not previously so credited.
The Subseries F-2 Sinking Fund Requirement for the last February 1 not later than such maturity date or the date of such requirement shall be increased by the principal amount of each Eligible Bond so credited that is not a Subseries F-2 Bond.

More Definitions of Sinking Fund Requirement

Sinking Fund Requirement means, for any Fiscal Year, the principal portion (and required redemption premium, if any) of any Term Bond that is required to be purchased, redeemed, or paid at maturity, as established in the applicable Loan Agreement or bond purchase contract.

Sinking Fund Requirement means, as of any particular date of calculation, with respect to the Term Bonds of any Series and maturity, the amount of money required to be applied on any applicable date to the redemption prior to maturity or the purchase of those Bonds. Sinking Fund Requirements may be established as fixed dollar amounts or by formula.

Sinking Fund Requirement means, for any Fiscal Year, the principal

Sinking Fund Requirement means, as of any particular Withdrawal Date in a particular Bond Year and with respect to all Bonds Outstanding on such date, an amount of money equal to all prior Sinking Fund Installments then due and unpaid plus that portion of the Sinking Fund Installment for Outstanding Bonds due and payable on such Sinking Fund Installment Date, as the case may be, as shall be determined by Supplemental Resolution of the Authority or by a duly executed Certificate of Authority Officer.

Sinking Fund Requirement means, for any calendar year, the principal portion (and

Sinking Fund Requirement means, for any Fiscal Year, the amount

Sinking Fund Requirement means, for any fiscal year or calendar year, the principal amount of Term Bonds required to be purchased, redeemed or paid at maturity in such year as established by the ordinance of the City authorizing the issuance of such Term Bonds.