Certification as to Arbitrage and Tax Covenants Sample Clauses

Certification as to Arbitrage and Tax Covenants. Lessee hereby represents as follows: The estimated total costs of the Equipment will not be less than the total principal portion of the Base Rental Payments listed in this Supplement. The Equipment has been ordered or is expected to be ordered within six months of the commencement of this Lease Agreement and the Equipment is expected to be delivered and installed, and the Vendor fully paid within 18 months from the commencement of this Lease Agreement. Lessee has not created or established, and does not expect to create or establish sinking fund or other similar fund (i) that is reasonably expected to be used to pay the Base Rental Payments, or (ii) that may be used solely to prevent a default in the payment of the Base Rental Payments. The Equipment has not been and is not expected to be sold or otherwise disposed of by Lessee, either in whole or in major part, prior to the last maturity of the Base Rental Payments. TO the best of Xxxxxx’s knowledge, information and belief, the above expectations are reasonable. Lessee has not been notified of any listing or proposed listing of it by the Internal Revenue Service as an issuer whose arbitrage certificates may not be relied upon. IN Lessor has executed this Lease Agreement in its corporate name and attested by its duly authorized officers, and Xxxxxx has caused this Lease Agreement to be executed in its name by its duly authorized officers. All of the above occurred as of the date first written above. LESSOR: PUBLIC FUNDING CORPORATION By Name: Xxxxxx X. Xxxxx Title: Program Manager LESSEE: COUNTY OF SANTA CRUZ, CALIFORNIA By Name: Xxxx X. Title: Supervising Buyer Title: Counterpart No. of3 SCHEDULE 1 DATED AS OF: LESSOR: May Public Funding Corporation 0079 0000 X Xxxxxx, Xxxxx 000 Sacramento, CA 95814 LESSEE: County of Santa Cruz, California 000 Xxxxx Xxxxxx, Xxxxx 000 Xxxxx Xxxx, XX 00000 MASTER LEASE AGREEMENT: MASTER LEASE AGREEMENT SUPPLEMENT: Master Lease Agreement dated as of March between Lessor and Lessee Master Lease Agreement Supplement No. 10 dated as of May 3, 2001, between Lessor and Lessee INTEREST AND PRINCIPAL COMPONENT PAYMENT SCHEDULE Base Rental Total Base Due Date Rental Payment Principal Component Interest Prepayment Component Purchase at 5.74% Option* 30-Jun-0 1 1.44 30-Sep-0 1 7.19 1 31 1 7.19 3 -Mar-O2 7.19 30-Jun-02 7.19 1 7.19 3 3 -Mar-O3 17.19 , 30-Jun-03 30-Sep-03 3 -Mar-O4 30-Jun-04 1.20 895.99 30-Sep-04 789.50 3 1 -Dee-04 681.48 57 1.90 30-Jun-05 460.76 348.02 3 233.66 3 1 -Ma...
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Related to Certification as to Arbitrage and Tax Covenants

  • Referral to Arbitration: Provincial Matters a. If the grievance is not resolved at Step Three within ten (10) working days of the meeting referred to in Article A.6.4, the BCTF or BCPSEA where applicable may refer a “provincial matters grievance,” as defined in Appendix 1 and Addenda, to arbitration within a further fifteen (15) working days.

  • Referral to Arbitration: Local Matters a. If the grievance is not resolved at Step Three within ten (10) working days of the meeting referred to in Article A.6.4, the local or the employer where applicable may refer a "local matters grievance," as defined in Appendix 2 and Addenda, to arbitration within a further fifteen (15) working days.

  • Exceptions to Arbitration The Parties agree that the following Disputes are not subject to the above provisions concerning binding arbitration: (a) any Disputes seeking to enforce or protect, or concerning the validity of, any of the intellectual property rights of a Party; (b) any Dispute related to, or arising from, allegations of theft, piracy, invasion of privacy, or unauthorized use; and (c) any claim for injunctive relief. If this provision is found to be illegal or unenforceable, then neither Party will elect to arbitrate any Dispute falling within that portion of this provision found to be illegal or unenforceable and such Dispute shall be decided by a court of competent jurisdiction within the courts listed for jurisdiction above, and the Parties agree to submit to the personal jurisdiction of that court. CORRECTIONS There may be information on the Site that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Site at any time, without prior notice.

  • Submission to Arbitration The Respondent Party may agree to the Claimant Party’s proposal of arbitration by responding in writing within ten (10) Business Days following receipt of such proposal. Within five (5) Business Days following receipt of the Respondent Party’s agreement to arbitrate, the Claimant Party may submit the Dispute Item to the American Arbitration Association (“AAA”) for arbitration. No Dispute Item may be submitted for arbitration without the consent of both parties.

  • Complete Agreement, Severability, Captions, and Survival You agree that this Agreement is the complete and exclusive statement of the agreement between us, sets forth the entire understanding between us and you with respect to the Service and the portion of the Site through which the Service is offered and supersedes any proposal or prior agreement, oral or written, and any other communications between us. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall be enforced. The captions of Sections in this Agreement are for convenience only and shall not control or affect the meaning or construction of any of the provisions of this Agreement. Sections 2, 5-7, 11, 17, 18, 23, and 26-35 of the General Terms, as well as any other terms which by their nature should survive, will survive the termination of this Agreement. If there is a conflict between the terms of this Agreement and something stated by an employee or contractor of ours (including but not limited to its customer care personnel), the terms of the Agreement will prevail.

  • Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation This Agreement is subject to the budget and fiscal provisions of the City’s Charter. Charges will accrue only after prior written authorization certified by the Controller, and the amount of City’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to City at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. City has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Contractor’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. THIS SECTION CONTROLS AGAINST ANY AND ALL OTHER PROVISIONS OF THIS AGREEMENT.

  • CERTIFICATION AND DISCLOSURE REGARDING PAYMENTS TO INFLUENCE CERTAIN FEDERAL TRANSACTIONS (SEP 2007). This clause applies only if this contract exceeds (i) $100,000 if included in Buyer's customer RFP or customer contract issued before October 1, 2010 or (ii) $150,000 if included in Buyer's customer RFP issued on or after October 1, 2010, or if the prime contract was issued prior to October 1, 2010 but was amended after October 1, 2010 to increase the Simplified Acquisition Threshold.

  • Suspension of Rules Relating to Recalcitrant Accounts The United States shall not require a Reporting [FATCA Partner] Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Authority receives the information set forth in paragraph 2 of Article 2 of this Agreement, subject to the provisions of Article 3 of this Agreement, with respect to such account.

  • Certification Regarding Termination of Contract for Non-Compliance (Tex Gov. Code 552.374)

  • Bypass to Arbitration If the Superintendent and the Association agree, a grievance may be submitted directly to arbitration.

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