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 Shall With A Sinking Fund In Bexar
State:
Multi-State
County:
Bexar
Control #:
US-00181
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FAQ
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.
Sinking Fund Example Instead of paying the entire amount at the end of the term, the company sets up a sinking fund to gradually accumulate the required sum. It allocates Rs. 5 lakh annually into this fund, ensuring the full Rs. 50 lakh is available at maturity.
A sinking fund, also known as a reserve fund, is a separate fund set up on behalf of the homeowners to cover routine/unforeseen repairs and major works on common areas of the property.
On April 30, 1992, the council adopted Ordinance No. 75686, which consolidated the existing water utilities and created the San Antonio Water System (SAWS).
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In the case of Balloon. Bonds constituting accrued interest and premium, if any, shall be placed in the interest and sinking fund portion of the Retirement Account.Interest and provide a sinking fund to pay the bonds at maturity? Marek Letter at 1–2. Proceeds shall be adequately collateralized in a manner that complies with the Public. Funds Collateral Act, Texas Government Code, Chapter 2257. The term Reserve FundSecured Junior Lien Obligations shall mean the. To the extent that property tax revenues are used to fund debt service, a separate property tax will be levied.