Available Project Proceeds definition

Available Project Proceeds means— ‘‘(A) the excess of—

Available Project Proceeds means (a) the excess of: (i) the proceeds from the assignment and transfer of certain rights of the Bank under this Lease and the Site Lease to the Assignee pursuant to the Assignment Agreement, less (b) Costs of Issuance (not exceeding two percent (2.0%) of such proceeds), plus (c) investment earnings on the difference between (a) – (b).

Available Project Proceeds means (i) the proceeds from the sale of the Bonds, (ii) less costs of issuing the Bonds paid from proceeds of the sale of the Bonds (not exceeding 2% of the proceeds of the sale thereof), plus (iii) investment earnings on the difference between (i) - (ii).

Examples of Available Project Proceeds in a sentence

• All Available Project Proceeds of the Lease will be spent on capital expenditures with a reasonably expected economic life of one year or more.

• Lessee has entered into a binding commitment with a third party to spend at least 10% of the Available Project Proceeds with respect to a “qualified renewable energy facility” within the meaning of Section 54C(a)(1) of the Code.

• All Available Project Proceeds will be spent on capital expenditures with respect to the Equipment with a reasonably expected economic life of one year or more.

• To the extent that less than 100% of the Available Project Proceeds of the Lease are expended for a Qualified Purpose by the end of Expenditure Period, all nonqualified bonds (as determined under Section 142 of the Tax Code) shall be redeemed within 90 days of the end of said Available Project Proceeds Expenditure Period, all in accordance with the requirements of Section 54A(d)(2) of the Tax Code in the time and manner prescribed by the Tax Code.

• The District shall assure that 100% of the Available Project Proceeds of this Lease will be used for a “qualified purpose” within the meaning of section 54E(d)(3) of the Tax Code (“Qualified Purpose”) and will be spent with respect to a “qualified zone academy” within the meaning of section 54E(d)(1) of the Tax Code, and the District hereby designates this Lease as qualified zone academy bonds for purposes of sections 54(A) and 54E(a)(3)(A) of the Tax Code.

More Definitions of Available Project Proceeds

Available Project Proceeds means: (1) the excess of the proceeds from the sale of an issue over the issuance costs (not to exceed two percent of such proceeds) and (2) the proceeds from any investment of the excess.

Available Project Proceeds means (i) the excess of the proceeds from the sale of the Series 2013 Bonds over the issuance costs financed by the Series 2013 Bonds and (ii) the proceeds from any investment of the excess described in clause (i).

Available Project Proceeds means the sale proceeds of the Bonds, plus Investment earnings on those proceeds, reduced by (1) proceeds used to pay Issuance Costs (to the extent those costs do not exceed 2% of the sale proceeds) and (2) proceeds deposited in a reasonably required reserve or replacement fund.

Available Project Proceeds means (A) the excess of (i) the proceeds from the sale of the Series 2010 Bonds allocable to the Project, over (ii) the issuance costs of the Series 2010

Available Project Proceeds means (A) the excess of (i) the proceeds of sale of the 2016F Bonds, over (ii) the issuance costs financed by the 2016F Bonds (to the extent that such costs do not exceed two percent of such proceeds), and (B) the proceeds from any investment of such excess.

Available Project Proceeds means proceeds of the sale of the Series 2010B Bonds other than proceeds used to pay costs of issuance (not to exceed two percent thereof) plus proceeds received from investing the proceeds of the sale of the Series 2010B Bonds.

Available Project Proceeds means “available project proceeds” as defined in Section 54A(e)(4), being (A) the excess of (i) Sale Proceeds, over (ii) Issuance Costs paid with Proceeds (to the extent that such Issuance Costs do not exceed 2% of Sale Proceeds), plus (B) Proceeds actually or constructively received from any investment of such excess.