Payment of Rebate to the United States Sample Clauses

Payment of Rebate to the United States. No later than sixty (60) days after the close of the fifth Rebate Year following the date of issue of the Bonds or any Tax-Exempt Refunding Bonds (or any earlier date that may be required) and the close of each fifth Rebate Year thereafter, the Borrower shall pay to the United States on behalf of the Issuer the full amount of rebate then required to be paid under IRC §148(f) and the regulations thereunder (the "Rebate Provision"). Within sixty (60) days after the Bonds or any Tax-Exempt Refunding Bonds have been paid in full, the Borrower shall pay to the United States on behalf of the Issuer the full amount of rebate then required to be paid under the Rebate Provision. Each such payment shall be made to the Internal Revenue Service Center, Xxxxx, Xxxx 00000 or any successor location specified by the Internal Revenue Service, accompanied by a Form 8038-T (or other similar information reporting form) prepared by the Borrower. No later than fifteen (15) days prior to each date on which a payment could become due under this Section 317(a)(i) (a "Rebate Payment Date"), the Borrower shall deliver to the Issuer and the Trustee a certificate either summarizing the determination that no amount is required to be paid or specifying the amount then required to be paid pursuant to this Section 317(a)(i). If the certificate specifies an amount to be paid, (A) such certificate shall be accompanied by a completed Form 8038-T, which is to be signed by an officer of the Issuer, and shall include a certification stating that the Form 8038-T is accurate and complete, and (B) no later than ten (10) days after the Rebate Payment Date the Borrower shall furnish to the Issuer and the Trustee a certificate stating that such amount has been timely paid.
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Payment of Rebate to the United States. (i) No later than sixty (60) days after the close of the fifth Loan Year following the date of execution of a Schedule (or any earlier date that may be required to comply with the Rebate Provision) and the close of each fifth Loan Year thereafter, the Borrower shall pay to the United States the full amount then required to be paid under the Rebate Provision as certified by the Borrower in accordance with Subparagraph (c)(ii). Within sixty (60) days after a given Schedule has been paid in full, the Borrower shall pay to the United States the full amount then required to be paid under the Rebate Provision as certified by the Borrower in accordance with Subparagraph (c)(ii). Each such payment shall be made to the Internal Revenue Service Center, Ogden, Utah 84201 or any successor location specified by the Internal Revenue Service, accompanied by a Form 8038 (or other similar information reporting form) furnished by the Borrower. (ii) No later than fifteen (15) days prior to each date on which a payment could become due under Subsection (c) (i) above (a “Rebate Payment Date”), the Borrower shall deliver to the Lender a certificate either summarizing the determination that no amount is required to be paid or specifying the amount then required to be paid pursuant to Subsection (c) (i) and an IRS Form 8038 (or other similar reporting form).
Sample 1
Payment of Rebate to the United States. (i) No later than forty-five (45) days following each Rebate Calculation Date (or any earlier date that may be required to comply with the Rebate Provision), the Borrower shall cause to be paid to the United States on behalf of the Agency the full amount of rebate then required to be paid under IRC Section 148(f) (the “Rebate Provision”) as certified by the Borrower in accordance with Paragraph 306(c)(ii). No later than forty-five (45) days after the Bonds have been paid in full, the Borrower shall cause to be paid to the United States on behalf of the Agency the full amount of rebate then required to be paid under the Rebate Provision as certified by the Borrower in accordance with Paragraph 306(c)(ii). Each such payment shall be made to the Internal Revenue Service Center, Xxxxx, Xxxx 00000 or any successor location specified by the Internal Revenue Service, accompanied by a Form 8038-T (or other similar information reporting form) prepared by the Borrower. (ii) No later than fifteen (15) days prior to each date on which a payment could become due under Paragraph 306(c)(i) (a “Rebate Payment Date”), the Borrower shall deliver to the Agency and the Bondowner a certificate either summarizing the determination that no amount is required to be paid or specifying the amount then required to be paid pursuant to Paragraph 306(c)(i). If the certificate specifies an amount to be paid, such certificate shall be accompanied by (x) a completed Form 8038-T, which is to be signed by an officer of the Agency, (y) a certification stating that the Form 8038-T is accurate and complete, and (z) the amount required to be paid.
Sample 1

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