Certificates of Deposit. The purchase of certificates of deposit with fixed interest rates, fixed payment schedules and substantial penalties for early withdrawal will be deemed to be an Investment purchased at its Fair Market Value on the purchase date if the Yield on the certificate of deposit is not less than:
Appears in 5 contracts
Samples: Tax Regulatory Agreement (RBC Bearings INC), Tax Regulatory Agreement (Oilgear Co), Tax Regulatory Agreement (Advanced Aerodynamics & Structures Inc/)
Certificates of Deposit. The purchase of certificates of deposit with fixed interest rates, fixed payment schedules and substantial penalties for early withdrawal will be deemed to be an Investment purchased at its Fair Market Value on the purchase date if the Yield on the certificate of deposit is not less than:: (i) the Yield on reasonably comparable direct obligations of the United States; and (ii) the highest Yield that is published or posted by the provider to be currently available from the provider on reasonably comparable certificates of deposit offered to the public.
Appears in 1 contract
Samples: Tax Exemption Agreement
