Common use of Hedge Bonds Clause in Contracts

Hedge Bonds. At least 85% of the net sale proceeds of the Bonds will be used to carry out the governmental purpose of the Bonds within three years after the Issue Date, and not more than 50% of the Bond proceeds will be invested in obligations having a substantially guaranteed yield for four years or more.

Hedge Bonds. At least 85% The Issuer expects that all of the net sale proceeds of the Bonds will be used to carry out the governmental purpose of the Bonds within three years after the Issue Date, and not more than 50% of the Bond proceeds of the Bonds will be invested in obligations investments having a substantially guaranteed yield for four years or more.

Hedge Bonds. At The Participant expects that at least 85% of the net sale proceeds of the Bonds will be used to carry out the governmental purpose of the Bonds within three years after the Issue Date, and not more than 50% of the Bond proceeds will be invested in obligations having a substantially guaranteed yield for four years or more.

Hedge Bonds. At The Issuer expects that (a) at least 85% of the net sale proceeds (the sale proceeds of the Bonds less any sale proceeds invested in a reserve fund) of the Bonds will be used to carry out the governmental purpose of the Bonds within three 3 years after the Issue Date, and (b) not more than 50% of the Bond proceeds of the Bonds will be invested in obligations investments having a substantially guaranteed yield for four 4 years or more.

Hedge Bonds. At least 85% of the net sale proceeds of the Bonds will be used to carry out the governmental purpose purposes of the Bonds within three 3 years after the Issue Date, and not more than 50% of the Bond proceeds will be invested in obligations investments having a substantially guaranteed yield for four 4 years or more.