Yield Reduction Payments Sample Clauses

Yield Reduction Payments. 6 (k) The Loan Agreement........................................ 7 (l) No Hedge Bonds............................................ 7 (m)
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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 --------------------------------------------------------------------------------
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Yield Reduction Payments if any; and the Computation Date credit equal to $1,000.
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Yield Reduction Payments. 48 Section 8.7. Non-Arbitrage Certifications of the Company................. 48 ARTICLE IX
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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: (a) Nonpurpose investments allocable to proceeds of an issue that qualified for a temporary period under Treasury Regulation Section 1.148-2(e)(2), (3), (4) or (6); (b) Investments allocable to an issue in which at least 5% of the Value of the issue is composed of Variable Yield Bonds, unless the issue is a "hedge bond"; (c) Nonpurpose Investments allocable to transferred proceeds of a current refunding issue or an advance refunding issue which cannot comply with Yield restriction by investing in zero yield obligations; (d) Replacement proceeds in a nonqualified reserve fund (due to exceeding the size limitation) and such amounts are either (i) not greater than 15% of the principal amount or the issue price if there is more than de minimis original issue discount or premium or (ii) such amounts are not expected to be used for debt service on the Bonds; and (e) Replacement proceeds of a refunded issue due to the Universal Cap rule. Yield Reduction Payments shall be made at the same time and in the same manner as rebate payments or as the Commissioner of Internal Revenue prescribes otherwise.
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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.
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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.
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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.
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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.
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Related to Yield Reduction Payments

  • Principal Payments (a) Borrower must pay Lender the outstanding principal amount of all Warehousing Advances on the Warehousing Maturity Date. (b) Except as otherwise provided in Section 3.1, Borrower may prepay any portion of the Warehousing Advances without premium or penalty at any time. (c) Borrower must pay to Lender, without the necessity of prior demand or Notice from Lender, and Borrower authorizes Lender to cause the Funding Bank to charge Borrower’s Operating Account for, the amount of any outstanding Warehousing Advance against a specific Pledged Asset upon the earliest occurrence of any of the following events: (1) One (1) Business Day elapses from the date a Warehousing Advance was made if the Pledged Loan to be funded by that Warehousing Advance is not closed and funded. (2) Ten (10) Business Days elapse without the return of a Collateral Document delivered by Lender to Borrower under a Trust Receipt for correction or completion. (3) On the date on which a Pledged Loan is determined to have been originated based on untrue, incomplete or inaccurate information or otherwise to be subject to fraud, whether or not Borrower had knowledge of the misrepresentation, incomplete or incorrect information or fraud, on the date on which Borrower knows, has reason to know, or receives Notice from Lender, that (A) one or more of the representations and warranties set forth in Article 9 were inaccurate or incomplete in any material respect on any date when made or deemed made, or (B) Borrower has failed to perform or comply with any covenant, term or condition set forth in Article 9. (4) On the date the Pledged Loan or a Lien prior to the Mortgage securing repayment of the Pledged Loan is defaulted and remains in default for a period of 60 days or more. (5) Upon the sale, other disposition or prepayment of any Pledged Asset or, with respect to a Pledged Loan included in an Eligible Mortgage Pool, upon the sale or other disposition of the related Agency Security. (6) One (1) Business Day immediately preceding the date scheduled for the foreclosure or trustee sale of the premises securing a Pledged Loan. (7) If the outstanding Warehousing Advances against Pledged Loans of a specific type of Eligible Loan exceed the aggregate Purchase Commitments for that type of Eligible Loan.

  • Termination Payments In the event of termination of the employment of Executive, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this paragraph 4:

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Loan Payments a. On each Payment Date during the term of the Loan, the Borrower shall pay interest in arrears at the Applicable Rate(s) on the outstanding principal balance of the Loan in the amount of all interest accrued and unpaid through the last day of the calendar month preceding the calendar month in which such payment is due; and b. If on a Determination Date, the amount of the Loan exceeds the Borrowing Base, Borrower shall pay to Bank within fifteen (15) days after such Determination Date a principal payment in an amount sufficient to reduce the principal balance of the Loan as of such Determination Date to an amount equal to the Borrowing Base; c. In any and all events, the entire outstanding principal balance of the Loan, together with all accrued and unpaid interest thereon, shall be due and payable on the Scheduled Maturity Date. Borrower may sell any of the Borrower Kite Units subject to the lien and security interest of the Kite Units Pledge Agreement, provided no Event of Default is the continuing and provided Borrower makes to Bank a principal payment in an amount sufficient to reduce the principal balance of the Loan immediately following such sale to an amount equal to Fifty Percent (50%) of the then market value (as quoted on the New York Stock Exchange) of the number of shares of beneficial interest (or other comparable equity interest of Kite) which would be subject to the lien and security interest of the Kite Units Pledge Agreement immediately following such sale (such a payment being referred to herein as a "Pledge Agreement Release Price"). Upon the receipt of such Pledge Agreement Release Price payment, Bank will execute a release of the Kite Units Pledge Agreement from the beneficial interests for which such Pledge Agreement Release Price payment is made and will release all of its other security encumbering such interests.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

  • Advance Payments The Employer agrees to issue advance payments of estimated net salary for vacation periods of two (2) or more complete weeks, providing a written request for such advance payment is received from the employee at least six (6) weeks prior to the last pay before the employee’s vacation period commences, and providing the employee has been authorized to proceed on vacation leave for the period concerned. Pay in advance of going on vacation shall be made prior to departure. Any overpayment in respect of such pay advances shall be an immediate first charge against any subsequent pay entitlement and shall be recovered in full prior to any further payment of salary.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Distribution Assistance Fees (Asset-Based Sales Charge) Payments In its sole discretion and irrespective of whichever alternative method of making service fee payments to Recipients is selected by the Distributor, in addition the Distributor may make distribution assistance fee payments to a Recipient quarterly, or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days after the end of each calendar quarter or other period, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the period of the aggregate net asset value of Shares computed as of the close of each business day constituting Qualified Holdings owned beneficially or of record by the Recipient or its Customers until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the "Recipient Maximum Holding Period") for making such payments. Distribution assistance fee payments shall be made only to Recipients that are registered with the SEC as a broker-dealer or are exempt from registration. The distribution assistance to be rendered by the Recipients in connection with the sale of Shares may include, but shall not be limited to, the following: distributing sales literature and prospectuses other than those furnished to current Shareholders, providing compensation to and paying expenses of personnel of the Recipient who support the distribution of Shares by the Recipient, and providing such other information and services in connection with the distribution of Shares as the Distributor or the Fund may reasonably request.

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