Common use of Payment to the Treasury Clause in Contracts

Payment to the Treasury. The Trustee shall pay, as directed by Request of the Agency, to the United States Treasury, out of amounts in the Rebate Account, (A) not later than 60 days after the end of (X) the fifth Bond Year for a series of Bonds, and (Y) each applicable fifth Bond Year thereafter, an amount that, together with all previous rebate payments, is equal to at least 90% of the Rebatable Arbitrage calculated as of the end of such Bond Year; and (B) not later than 60 days after the payment of all the Bonds of a series, an amount equal to 100% of the Rebatable Arbitrage calculated as of the date of such payment and any income attributable to the Rebatable Arbitrage determined to be due and payable, computed in accordance with Section 1.148-3 of the Treasury Regulations. In the event that, prior to the time of any payment required to be made from the Rebate Account, the amount in the Rebate Account is not sufficient to make such payment when such payment is due, the Agency shall calculate or cause to be calculated the amount of such deficiency and deposit an amount received from any legally available source equal to such deficiency prior to the time such payment is due. Each payment required to be made pursuant to this Subsection (a) shall be made to the Internal Revenue Service Center, Xxxxx, Xxxx 00000 on or before the date on which such payment is due, and shall be accompanied by Internal Revenue Service Form 8038-T, or shall be made in such other manner as provided under the Tax Code.

Payment to the Treasury. The Trustee Paying Agent shall pay, as directed by Request of the Agency, District to the United States Treasury, out of amounts in the Rebate Account,Fund: (A) not Not later than 60 days after the end of of: (X) the fifth Bond Year for a series of Bonds, Year; and (Y) each applicable fifth Bond Year thereafter, an amount that, together with all previous rebate payments, is equal to at least 90% of the Rebatable Arbitrage calculated as of the end of such Bond Year; and (B) not Not later than 60 days after the payment of all the Bonds of a seriesSeries of Bonds, an in amount equal to 100% of the Rebatable Arbitrage calculated as of the date end of such payment applicable Bond Year, and any income attributable to the Rebatable Arbitrage determined to be due and payableArbitrage, computed in accordance with Section 148(f) of the Code and Section 1.148-3 of the Treasury Regulations. In the event that, prior to the time of any payment required to be made from the Rebate AccountFund, the amount in the Rebate Account Fund is not sufficient to make such payment when such payment is due, the Agency District shall calculate or cause to be calculated the amount of such deficiency and deposit an amount received from form any legally available source equal to such deficiency prior to the the4 time such payment is due. Each payment required to be made pursuant to this Subsection subsection (a) shall be made to the Internal Revenue Service Center, Xxxxx, Xxxx 00000 on or before the date on which such payment is due, and shall be accompanied by the Internal Revenue Service Form 80388028-T, or shall be made in such other manner as provided under the Tax Code.

Payment to the Treasury. The Trustee shall pay, as directed by Written Request of the AgencyAuthority, to the United States Treasury, out of amounts in the Rebate Account,Fund: (A1) not Not later than 60 days after the end of of: (X) the fifth Bond Year for a series of Bonds, Year; and (Y) each applicable fifth Bond Year thereafter, an amount that, together with all previous rebate payments, is equal to at least 90% of the Rebatable Arbitrage calculated as of the end of such Bond Year; and (B2) not Not later than 60 days after the payment of all of the Bonds of a seriesBonds, an amount equal to 100% of the Rebatable Arbitrage calculated as of the date end of such payment applicable Bond Year, and any income attributable to the Rebatable Arbitrage determined to be due and payableArbitrage, computed in accordance with Section 148(f) of the Code and Section 1.148-3 of the Treasury Regulations. In the event that, prior to the time of any payment required to be made from the Rebate AccountFund, the amount in the Rebate Account Fund is not sufficient to make such payment when such payment is due, the Agency Authority shall calculate or cause to be calculated the amount of such deficiency and deposit an amount received from any legally available source equal to such deficiency prior to the time such payment is due. Each payment required to be made pursuant to this Subsection subsection (a) shall be made to the Internal Revenue Service Center, XxxxxOgden, Xxxx 00000 Utah 84201 on or before the date on which such payment is due, and shall be accompanied by Internal Revenue Service Form 8038-TT (prepared by the Authority), or shall be made in such other manner as provided under the Tax Code.