Acquisition, Disposition and Valuation of Investments. (i) Except as otherwise provided in subsection (ii) of this Section, the District covenants that all investments of amounts deposited in any fund or account created by or pursuant to the Program Fund Agreement, or otherwise containing gross proceeds of the Lease (within the meaning of section 148 of the Tax Code) shall be acquired, disposed of, and valued (as of the date that valuation is required by this Indenture or the Tax Code) at fair market value.
(ii) Investments in funds or accounts (or portions thereof) that are subject to a yield restriction under applicable provisions of the Tax Code shall be valued at their present value (within the meaning of section 148 of the Tax Code).
Acquisition, Disposition and Valuation of Investments. (i) Except as otherwise provided in subparagraph (ii) below, the Lessee covenants that all investments of amounts deposited in any fund or account created by or pursuant to this Agreement or an Escrow Account under an Escrow Agreement, or otherwise containing gross proceeds (within the meaning of Section 148 of the Code) of a Lease will be acquired, disposed of, and valued (as of the date that valuation is required by this Agreement, the applicable Lease or the Code) at Fair Market Value.
(ii) Investments in funds or accounts (or portions thereof) that are subject to a yield restriction under applicable provisions of the Code will be valued at their present value (within the meaning of section 148 of the Code).
Acquisition, Disposition and Valuation of Investments. (A) Except as otherwise provided in subsection (B) of this Section 6.02, the County covenants that all investments of amounts deposited in any funds or accounts created by this Agreement, or otherwise containing gross proceeds of the Bonds (as defined by section 148 of the Code) shall be acquired, disposed of and valued (as of the date that valuation is required by this Agreement or the Code) at Fair Market Value.
(B) Investments in funds or accounts (or portions thereof) that are subject to a yield restriction under applicable provisions of the Code shall be valued at their present value (within the meaning of section 149 of the Code).
Acquisition, Disposition and Valuation of Investments. The City covenants that all investments of amounts deposited in any fund or account created by or pursuant to this Trust Agreement, or otherwise containing gross proceeds of the Certificates (within the meaning of section 148 of the Code) shall be acquired, disposed of, and valued at their market value. In determining market value of Permitted Investments, the Trustee may use, and rely conclusively and without liability upon, any generally recognized securities pricing service (including brokers and dealers in securities) available to it.
Acquisition, Disposition and Valuation of Investments. (A) Except as otherwise provided in subsection (B) of this Section, the City covenants that all investments of amounts deposited in any fund or account under this Agreement, or otherwise containing gross proceeds of the Bonds (under section 148 of the Code) shall be acquired, disposed of and valued (as of the date that valuation us required by this Agreement or the Code) at Fair Market Value, provided that the Fiscal Agent shall not be responsible for the determination of Fair Market Value.
(B) Investments in funds or accounts (or portions thereof) that are subject to a yield restriction under applicable provisions of the Code shall be valued at their present value (under section 148 of the Code), provided that the Fiscal Agent shall not be responsible for the determination of present value. The Fiscal Agent shall be deemed to have complied with such valuation by using its automated pricing service through its trust accounting system.
Acquisition, Disposition and Valuation of Investments. (a) Except as otherwise provided in subsection (b) of this Section 7.05, the District covenants that all investments of amounts deposited in any fund or account created by or pursuant to this Trust Agreement, or otherwise containing gross proceeds of the Certificates (within the meaning of section 148 of the Code) shall be acquired, disposed of, and valued (as of the date that valuation is required by this Trust Agreement or the Code) at Fair Market Value.
(b) Investments in funds or accounts (or portions thereof) that are subject to a yield restriction under applicable provisions of the Code; provided that the District shall inform the Trustee which funds are subject to a yield restriction.
(c) For the purpose of determining the amount in any fund, the value of Permitted Investments credited to such fund shall be valued by the Trustee at least semiannually at the market value thereof. In determining the market value of investments hereunder, the Trustee may use and rely conclusively and without liability upon any generally recognized pricing information service (including brokers and dealers in securities) available to it. The Trustee may sell or present for prepayment, any Permitted Investment so purchased by the Trustee whenever it shall be necessary in order to provide moneys to meet any required payment, transfer, withdrawal or disbursement from the fund to which such Permitted Investment is credited, and the Trustee shall not be liable or responsible for any loss resulting from any Permitted Investments.
Acquisition, Disposition and Valuation of Investments. (a) Except as otherwise provided in subsection (b) of this Section, the County covenants that all investments of amounts deposited in any fund or account created by or pursuant to this Trust Agreement, or otherwise containing gross proceeds of the Certificates (within the meaning of section 148 of the Tax Code) shall be acquired, disposed of, and valued (as of the date that valuation is required by this Trust Agreement or the Tax Code) at Fair Market Value. The Trustee shall have no duty in connection with the determination of Fair Market Value other than to follow the investment directions of the County Representative.
(b) The County further covenants that investments in funds or accounts (or portions thereof) that are subject to a yield restriction under applicable provisions of the Tax Code and (unless valuation is undertaken at least annually) investments in the Reserve Fund shall be valued at their present value (within the meaning of section 148 of the Tax Code).
Acquisition, Disposition and Valuation of Investments. Except as otherwise provided in following sentence, the City covenants that all investments of amounts deposited in any fund or account created by or pursuant to this Lease, or otherwise containing proceeds of this Lease shall be acquired, disposed of, and valued (as of the date that valuation is required by the Tax Code) at Fair Market Value. Investments in funds or accounts (or portions thereof) that are subject to a yield restriction under applicable provisions of the Tax Code and (unless valuation is undertaken at least annually) and investments in a reserve fund shall be valued at their present value (within the meaning of section 148 of the Tax Code).
Acquisition, Disposition and Valuation of Investments. Except as otherwise provided in the following sentence, the District covenants that all investments of amounts deposited in any fund or account created under this Loan Agreement, or otherwise containing gross proceeds of the Loan (within the meaning of section 148 of the Tax Code) shall be acquired, disposed of, and valued (as of the date that valuation is required by this Loan Agreement or the Tax Code) at Fair Market Value. Investments in funds or accounts (or portions thereof) that are subject to a yield restriction under applicable provisions of the Tax Code shall be valued at their present value (within the meaning of section 148 of the Tax Code).
Acquisition, Disposition and Valuation of Investments. Notwithstanding anything to the contrary herein, in determining the value of any investments held by it hereunder, the Trustee may utilize and rely upon pricing services as may be available to it, including those within its regular accounting system. Investments shall be valued by the Trustee not less often than quarterly, at the market value thereof, exclusive of accrued interest. Deficiencies in the amount on deposit in any fund or account resulting from a decline in market value shall be restored by the Corporation no later than the succeeding valuation date.
