Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Secured Debt Any With A Sinking Fund In Virginia
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§ 2.2-4800. Policy of the Commonwealth; collection of accounts receivable. This chapter establishes the policy of the Commonwealth as it relates to the accounting for, management and collection of all accounts receivable due to the Commonwealth.
No public body may use, whether directly or through work with or on behalf of another public body, any hardware, software, or services that have been prohibited by the U.S. Department of Homeland Security for use on federal systems.
§ 2.2-4000. Short title; purpose The purpose of this chapter is to supplement present and future basic laws conferring authority on agencies either to make regulations or decide cases as well as to standardize court review thereof save as laws hereafter enacted may otherwise expressly provide.
§ 2.2-4500. Legal investments for public sinking funds Bonds, notes and other evidences of indebtedness of the Commonwealth, and securities unconditionally guaranteed as to the payment of principal and interest by the Commonwealth.
You can use a budgeting app, like You Need a Budget (YNAB) or PocketGuard, to monitor your sinking funds. Setting up automatic monthly transfers from your main checking account to your sinking funds account can help you stay on track.
The amount in a strata sinking fund should be sufficient to cover future major capital expenses for the property. This is typically determined by a 10-year plan, accounting for estimated costs of repairs, maintenance, and replacements.
Example of a Sinking Bond decides to issue $20 million in bonds with a maturity of 20 years. The business creates a $20 million sinking fund and a call schedule for the next 20 years. On the anniversary date of each bond being issued, the company withdraws $1 million from the sinking fund and calls 5% of its bonds.
Sinking funds are in 'trust' for the scheme and should not be returned to lessees upon assignment, or at any time. Interest earned on funds should be added to the funds unless the lease states otherwise. If funds are held in 'trust' then a tax will be charged on the interest earned.
(a)What is a sinking fund requirement in a bond issue? Corporate bond indentures may require the issuer to retire a specified portion of an issue each year. This is referred to as a sinking fund requirement.
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Such sinking fund shall be a fund for all such bonds without distinction or priority of one over another. Debt Recharacterization in Bankruptcy: Overview and Developments.By Ron E. Meisler, Christopher M. Dressel, Zahed A. Haseeb, Mat- thew S. Lapata. This is created to hold all moneys which will be used for the redemption of bonds, other than sinking fund redemptions. The city manager is authorized to accept gifts of funds and objects on behalf of the city and any of its subdivisions. Payment of interest on debt of University; sinking fund. Payment of interest on debt of University; sinking fund. Create any state debt or liability. Therefrom in the current Payment Period and any overdue Sinking Fund Requirement.