Common use of Acquisition, Disposition and Valuation of Investments Clause in Contracts

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. (ia) Except as otherwise provided in subsection (iib) of this SectionSection 8.05, the District covenants that all investments of amounts deposited in any fund or account created by or pursuant to the Program Fund this Trust Agreement, or otherwise containing gross proceeds of the Lease 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 Indenture Trust Agreement or the Tax Code) at fair market valueFair Market Value. (iib) 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. (ia) Except as otherwise provided in subsection (iib) of this SectionSection 8.05, the District County covenants that all investments of amounts deposited in any fund or account created by or pursuant to the Program Fund this Trust Agreement, or otherwise containing gross proceeds of the Lease 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 Indenture Trust Agreement or the Tax Code) at fair market valueFair Market Value. (iib) 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)) .