Common use of Payment to United States Clause in Contracts

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.

Appears in 3 contracts

Samples: Tax Regulatory Agreement (RBC Bearings INC), Tax Regulatory Agreement (Roller Bearing Co of America Inc), Tax Regulatory Agreement (Provena Foods Inc)

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Payment to United States. (a) Not later than sixty (60) days after the last day of each Installment Computation Date fifth Bond Year (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 the most recent 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.

Appears in 1 contract

Samples: Tax Regulatory Agreement (Advanced Aerodynamics & Structures Inc/)

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Payment to United States. (a) Not later than sixty (60) 60 days after each Installment Computation Date (or such longer period as may be permitted by the Regulations), the Trustee Borrower 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) 60 days after the Final Computation Date the Trustee Borrower 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.

Appears in 1 contract

Samples: Tax Regulatory Agreement (Oilgear Co)

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