1983-063 - Laserfiche WebLink

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Amortization Installment or bond redemption deposits are required to be made prior to the twelve-month period immediately preceding the stated date of maturity thereof. G. "Term Bonds" shall mean the Bonds of an installment all of which shall be stated to mature on one date and which shall be subject to retirement by operation of the Bona Amortization Account herein established within the Bond Service Fund. H. "Amortization Installment", with respect to any Term Bonds of an installment, shall mean an amount or amounts so designated which is or are established for the Term Bonds of such installment, provided that the aggregate of such Amortization Installments for each maturity of Term Bonds of such installment shall equal the aggregate principal amount of each maturity of Term Bonds of such installment deliverjd on original issuance. I. "Bond Service Requirement" for any Fiscal Year, as applied to the Bonds, shall mean the sum of: (1) the amount required to pay the interest becoming due on the Bonds during such Fiscal Year, except to the extent that such interest shall have been provided by payments into the Bond Service Fund out of proceeds of the sale of the Bonds for a speci- fic period of time or by payments of investment income into the Bond Service Fund from the Bond Amortization Account or any accounts therein; (2) the amount required to pay the principal of Serial Bonds maturing in such Fiscal Year; and (3) the Amortization Installments established for the maturities of Term Bonds for such Fiscal Year. J. "Maximum Bond Service Requirement" shall mean, as of any particular date of calculation, the Bond Service Requirement which is largest in dollar amount for the then current or any future Fiscal Year. K. "Holder of Bonds" or "Bondholder" or "Holders" or any similar term shall mean any person who shall be the Registered Owner of any Bond or Bonds or his transferee. -2-