Payment to United States. (a) Not later than sixty (60) days after each Installment Computation Date (or such longer period as may be permitted by the Regulations), the Trustee shall pay to the United States an amount that, when added to the Future Value as of such Computation Date of previous rebate payments made for the Bonds, equals at least ninety percent (90%) of the Rebate Amount required to be on deposit in the Rebate Fund as of such payment date. No later than sixty (60) days after the Final Computation Date the Trustee shall pay to the United States an amount that, when added to the Future Value as of such Computation Date of previous rebate payments made for the Bonds, equals at least one hundred percent (100%) of the balance remaining in the Rebate Fund.
Payment to United States. (a) Within 15 days after the end of the fifth Bond Year and after every fifth Bond Year thereafter, the Company shall direct the Trustee in writing to pay to the United States, not later than 45 days after the end of the fifth Bond Year, and not later than five years after each preceding payment was due or would have been due if a Rebate Amount existed at that time, an amount equal to not less than the excess of (i) 90% of the sum of the balance, if any, in the Rebate Fund at such time plus all previous payments made to the United States over (ii) all previous payments made to the United States. The Company shall direct the Trustee in writing and the Trustee, in accordance with such directions, shall pay to the United States, not later than 60 days after the last outstanding Bonds are paid or redeemed, 100% of the Rebate Amount as of the end of the final Computation Period less all previous payments made to the United States.
Payment to United States. 13 Section 4.8. Recordkeeping 14 Section 4.9. Rebate Analyst 14 ARTICLE V TERM OF TAX REGULATORY AGREEMENT 14 ARTICLE VI AMENDMENTS 14 TAX REGULATORY AGREEMENT AND NO ARBITRAGE CERTIFICATE THIS TAX REGULATORY AGREEMENT AND NO ARBITRAGE CERTIFICATE (the "Tax Regulatory Agreement") is made and dated as of September 6, 2017 by the City of Meadville, Pennsylvania (the "City").
Payment to United States. (a) Within 60 days after each Installment Computation Date, the City will pay from the Rebate Fund to the United States 90% of the rebate amount required to be on deposit in the Rebate Fund as of such payment date. The City shall pay to the United States, not later than 60 days after the Final Computation Date, 100% of the balance remaining in the Rebate Fund or such lesser amount as shall be sufficient, in the opinion of Note Counsel, to satisfy the obligation of the City under Section 148 of the Code with respect to the Notes.
Payment to United States. 23 Section 4.5. Recordkeeping...................................................23 Section 4.6. Rebate Analyst..................................................24
