Yield Reduction Payments. 6 (k) The Loan Agreement........................................ 7 (l) No Hedge Bonds............................................ 7 (m)
Yield Reduction Payments. Notwithstanding any of the provisions of this section 3(m) that require the investment of proceeds derived from the sale of the Bonds and investment earnings thereon at a yield not in excess of the Bond Yield, the yield on certain Nonpurpose Investments acquired with proceeds of the Bonds will not be considered to be higher than the applicable yield limitation described in this Section 3(m), if the Authority or the Company makes "yield reduction payments" to the United States Treasury at the times and in --------------------------------------------------------------------------------
Yield Reduction Payments. Yield reduction payments as provided in Treas. Reg. § 1.148-5(c) are treated as payments for Investments that reduce Yield on Investments of Gross Proceeds. As needed with respect to the Bonds, Yield reduction payments are to be made to comply with applicable Yield restriction requirements.
Yield Reduction Payments if any; and the Computation Date credit equal to $1,000.
Yield Reduction Payments. The Bonds qualify for the special yield reduction rule of Section 1.148-5(c) of the Regulations prior to the Conversion Date because the Bonds are a variable yield issue. The Issuer may determine to make yield reduction payments to the United States under Section 1.148-5(c) of the Regulations with respect to Nonpurpose Investments held in the Project Fund, and such payments may be taken into account as a payment for that Nonpurpose Investment which reduces the yield thereon. Payments of Rebate under Section 3.2 hereof may be taken into account as yield reduction payments to the extent permitted by Section 1.148-5(c) of the Regulations.
Yield Reduction Payments. 48 Section 8.7. Non-Arbitrage Certifications of the Company................. 48 ARTICLE IX
Yield Reduction Payments. Any amount paid to the United States, including a rebate amount, shall be treated as a payment for the investment that reduces the yield on the investment. Eligible investments include:
Yield Reduction Payments. Notwithstanding any of the provisions of Section 4.7 hereof that require the Issuer and the Borrower to invest proceeds derived from the sale of the Series 2016B Bond and investment earnings thereon at a yield not in excess of the yield on the Series 2016B Bond, the yield on certain investments acquired with proceeds of the Series 2016B Bond will not be considered to be higher than the applicable yield limitation described in Section 4.7 hereof if the Issuer and the Borrower make or cause to be made yield reduction payments to the United States Treasury at the time and in the amounts described in Section 1.148-5(c) of the Treasury Regulations. The Issuer and the Borrower will not make or cause to be made any yield reduction payments without first receiving a written opinion of Bond Counsel as to such payment. Universal Cap. Notwithstanding any restrictions on the investment of proceeds of the Series 2016B Bond and other amounts set forth in Section 4.6 hereof, proceeds of the Series 2016B Bond and other amounts treated as proceeds of the Series 2016B Bond are allocated and remain allocated to the Series 2016B Bond, and are thereby subject to the restrictions contained in this Tax Certificate, only to the extent that the value of such proceeds does not exceed the value of the outstanding Bonds.
Yield Reduction Payments. Notwithstanding the provisions of this Section 4.3 that require the County to invest Proceeds of the Agreement and investment earnings thereon at a yield not in excess of the yield on the Agreement, the yield on certain Investments acquired with Proceeds of the Agreement will not be considered to be higher than the applicable yield limitation above if the County makes Yield Reduction Payments. The County covenants to consult with Bond Counsel or its arbitrage consultant prior to making any Yield Reduction Payments with respect to the Agreement.
