Allocable Bonds definition

Allocable Bonds means, as to any Owner, the then outstanding aggregate principal balance of Bonds which are collateralized by such Owner's Allocable Student Loans. The initial Allocable Bonds for each Owner are set forth on Schedule A attached hereto. Thereafter, the Allocable Bonds as to any Owner shall be determined by multiplying the then outstanding aggregate principal balance of the Bonds by a percentage derived by dividing the initial Allocable Bonds for such Owner by the initial aggregate principal balance of the Bonds.
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Allocable Bonds means those Bonds allocable to the Project as indicated on Attachment 1 hereto.
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Allocable Bonds means (a) with respect to the 20 Series A Bonds and with respect to each of the Taxation Division Office Project and the Health Department Office Project, that portion of the 20 Series A Bonds that is allocated to each such Project on the basis of that portion of the proceeds of the 20 Series A Bonds spent or to be spent on Costs of each such Project, as shown on Exhibit D hereto, as the same may be revised, based on actual amounts expended, upon the completion of each such Project, (b) with respect to the 20 Series B Bonds, that portion of the proceeds of the 20 Series B Bonds that is deposited in the subaccount for each such Project within the Repair and Replacement Reserve Fund and, with respect to the Health Department Office Project, that portion of the 20 Series B Bonds that is spent or to be spent on Costs of the Health Department Office Project, all as shown on Exhibit D hereto, as the same may be revised, based on actual amounts expended, upon the completion of the Health Department Office Project, and (c) in each case, all allocable additional Bonds or Refunding Bonds.
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Examples of Allocable Bonds in a sentence

  • None of the proceeds of the Allocable Bonds will be used, directly or indirectly, to replace funds which were used in any business carried on by any person other than a state or local governmental unit.

  • The Agency shall exercise due diligence to complete the Project, or to cause to be completed, within three years of the date of issuance of the Allocable Bonds.

  • The Agency hereby confirms the sources and uses of the sale proceeds of the Allocable Bonds as set forth on Attachment 1 hereto, including the allocations of the portions of the principal maturities and other matters set forth therein.

  • None of the proceeds of the Allocable Bonds will be applied to reimburse the Agency for costs of the Project incurred prior to __________, 2017 (which is 60 days prior to the SEU’s declaration of “official intent” with respect to the Project within the meaning of Treas.

  • In the judgment of the Agency, the weighted average maturity of the Allocable Bonds set forth in Attachment 1 does not exceed 120% of the average reasonable expected economic life of the Project.

  • No portion of the original proceeds of the Allocable Bonds will be used as a substitute for other funds of the Agency which were to be used as a source of financing for any portion of the costs of the Project.

  • The aggregate uses of the proceeds of the Allocable Bonds, and other amounts available for such purposes, do not exceed the amount needed to accomplish the governmental purpose of the Allocable Bonds.

  • The Agency covenants to maintain all records evidencing the use of the facilities financed with the net proceeds of the Allocable Bonds and the representations, certifications and covenants set forth in this Schedule F until the date six years after the last outstanding Bonds have been retired.

  • The Agency does not reasonably expect, as of the date hereof, that the Allocable Bonds will meet either the private business tests or the private loan financing test.

  • Unless otherwise advised by a written opinion of nationally recognized bond counsel, the Agency shall not enter into, materially modify or extend a management or service agreement with respect to any portion of the improvements or projects financed with proceeds of the Allocable Bonds with any entity other than a state or a local governmental unit unless such agreement complies with IRS Rev.