Common use of Computation of Rebate Amount Clause in Contracts

Computation of Rebate Amount. The Trustee will provide the Rebate Analyst investment reports relating to each fund held by the Trustee that contains Gross Proceeds of the Certificates at such times as reports are provided to the City, and not later than ten days following each Computation Date. The City will provide the Rebate Analyst with copies of investment reports for any funds containing Gross Proceeds that are held by a party other than the Trustee annually as of the end of each Certificate Year and not later than ten days following each Computation Date. Each investment report provided to the Rebate Analyst will contain a record of each Investment, including (1) purchase date, (2) purchase price, (3) information establishing the fair market value on the date such Investment was allocated to the Certificates, (4) any accrued interest paid, (5) face amount, (6) coupon rate, (7) frequency of interest payments, (8) disposition price, (9) any accrued interest received and (10) disposition date. Such records may be supplied in electronic form. The Rebate Analyst will compute rebate (the “Rebate Amount”) following each Computation Date and deliver a written report to the Trustee and the City together with an opinion or certificate of the Rebate Analyst stating that arbitrage rebate was determined in accordance with the Regulations. Each report and opinion will be provided not later than 45 days following the Computation Date to which it relates. In performing its duties, the Rebate Analyst may rely, in its discretion, on the correctness of financial analysis reports prepared by other professionals. If the sum of the amount on deposit in the Rebate Fund and the value of prior rebate payments is less than the Rebate Amount, the City will, within 55 days after such Computation Date, pay to the Trustee the amount of the deficiency for deposit into the Rebate Fund. If the sum of the amount on deposit in the Rebate Fund and the value of prior rebate payments is greater than the Rebate Amount, the Trustee will transfer such surplus in the Rebate Fund to the Lease Revenue Fund. After the final Computation Date or at any other time if the Rebate Analyst has advised the Trustee, any money left in the Rebate Fund will be paid to the City and may be used for any purpose not prohibited by law.

Computation of Rebate Amount. The Bond Trustee will provide the Rebate Analyst investment Investment reports relating to each fund held by the Bond Trustee that contains Gross Proceeds of the Certificates Bonds at such times as reports are provided to the CityInstitution, and not later than ten 10 days following each Computation Date. The City Institution will provide the Rebate Analyst with copies of investment reports for any funds containing Gross Proceeds that are held by a party other than the Bond Trustee annually as of the end of each Certificate Bond Year and not later than ten 10 days following each Computation Date. Each investment report provided to the Rebate Analyst will contain a record of each Investmentinvestment, including (1) purchase date, (2) purchase price, (3) information establishing the fair market value on the date such Investment investment was allocated to the CertificatesBonds, (4) any accrued interest paid, (5) face amount, (6) coupon rate, (7) frequency of interest payments, (8) disposition price, (9) any accrued interest received received, and (10) disposition date. Such records may be supplied in electronic form. The Rebate Analyst will compute rebate (the “Rebate Amount”) following each Computation Date and deliver a written report to the Trustee Bond Trustee, the Institution and the City Issuer together with an opinion or certificate of the Rebate Analyst stating that arbitrage rebate was determined in accordance with the Regulations. Each report and opinion will be provided not later than 45 days following the Computation Date to which it relates. In performing its duties, the Rebate Analyst may rely, in its discretion, on the correctness of financial analysis reports prepared by other professionals. If the sum of the amount on deposit in the Rebate Fund and the value of prior rebate payments is less than the Rebate Amountarbitrage rebate due, the City Institution will, within 55 days after such Computation Date, pay to the Bond Trustee the amount of the deficiency for deposit into the Rebate Fund. If the sum of the amount on deposit in the Rebate Fund and the value of prior rebate payments is greater than the Rebate Amount, the The Bond Trustee will transfer such surplus any balance remaining in the Rebate Fund to the Lease Revenue Fund. After Institution with the written approval of the Rebate Analyst or following the payment of any rebate due as of the final Computation Date or at any other time if the Rebate Analyst has advised the Trustee, any money left in the Rebate Fund will be paid to the City and may be used for any purpose not prohibited by lawDate.

Computation of Rebate Amount. The Trustee City will provide the Rebate Analyst investment Investment reports relating to each fund held by the Trustee it that contains Gross Proceeds of the Certificates at such times as reports are provided to the City, and not later than ten days following each Computation Date. The City will provide the Rebate Analyst together with copies of investment Investment reports for any funds containing Gross Proceeds that are held by a party other than the Trustee City annually as of the end of each Certificate Year and not later than ten days following each Computation Date. Each investment Investment report provided to the Rebate Analyst will contain a record of each Investment, including (1) purchase date, (2) purchase price, (3) information establishing the fair market value on the date such Investment was allocated to the Certificates, (4) any accrued interest paid, (5) face amount, (6) coupon rate, (7) frequency of interest payments, (8) disposition price, (9) any accrued interest received received, and (10) disposition date. Such records may be supplied in electronic form. The Rebate Analyst will compute rebate (the “Rebate Amount”) following each Computation Date and deliver a written report to the Trustee and the City together with an opinion or certificate of the Rebate Analyst stating that arbitrage rebate was determined in accordance with the Regulations. Each report and opinion will be provided not later than 45 days following the Computation Date to which it relates. In performing its duties, the Rebate Analyst may rely, in its discretion, on the correctness of financial analysis reports prepared by other professionals. If the sum of the amount on deposit in the Rebate Fund and the value of prior rebate payments is less than the Rebate Amountarbitrage rebate due, the City will, within 55 days after such Computation Date, pay to the Trustee the amount of the deficiency for deposit into the Rebate Fundrebate amount. If the sum of the amount on deposit in the Rebate Fund and the value of prior rebate payments is greater than the Rebate Amount, the Trustee will transfer Amount such surplus in the Rebate Fund to the Lease Revenue Payment Fund. After the final Computation Date or at any other time if the Rebate Analyst has advised the TrusteeCity, any money left in the Rebate Fund will be paid to the City and may be used for any purpose not prohibited by law.

Computation of Rebate Amount. The Trustee City will provide the Rebate Analyst investment Investment reports relating to each fund held by the Trustee it that contains Gross Proceeds of the Certificates at such times as reports are provided to the City, and not later than ten days following each Computation Date. The City will provide the Rebate Analyst together with copies of investment Investment reports for any funds containing Gross Proceeds that are held by a party other than the Trustee City annually as of the end of each Certificate Year and not later than ten 10 days following each Computation Date. Each investment Investment report provided to the Rebate Analyst will contain a record of each Investment, including (1) purchase date, (2) purchase price, (3) information establishing the fair market value on the date such Investment was allocated to the Certificates, (4) any accrued interest paid, (5) face amount, (6) coupon rate, (7) frequency of interest payments, (8) disposition price, (9) any accrued interest received received, and (10) disposition date. Such records may be supplied in electronic form. The Rebate Analyst will compute rebate (the “Rebate Amount”) following each Computation Date and deliver a written report to the Trustee and the City together with an opinion or certificate of the Rebate Analyst stating that arbitrage rebate was determined in accordance with the Regulations. Each report and opinion will be provided not later than 45 days following the Computation Date to which it relates. In performing its duties, the Rebate Analyst may rely, in its discretion, on the correctness of financial analysis reports prepared by other professionals. If the sum of the amount on deposit in the Rebate Fund and the value of prior rebate payments is less than the Rebate Amountarbitrage rebate due, the City will, within 55 days after such Computation Date, pay to the Trustee the amount of the deficiency for deposit into the Rebate Fundrebate amount. If the sum of the amount on deposit in the Rebate Fund and the value of prior rebate payments is greater than the Rebate Amount, Amount the Trustee City will transfer such surplus in the Rebate Fund to the Lease Revenue Fund. After the final Computation Date or at any other time if the Rebate Analyst has advised the TrusteeCity, any money left in the Rebate Fund will be paid to the City and may be used for any purpose not prohibited by law.