Common Issue Bonds definition

Common Issue Bonds means the Tax-Exempt Bonds and any other tax-exempt obligations sold within 15 days of the Tax-Exempt Bonds that are part of the same issue as the Tax-Exempt Bonds pursuant to section 1.150-1(c) of the Regulations.

Common Issue Bonds means the Series 2018A Bonds and any other tax-exempt bonds sold within 15 days of the first day on which there is a binding written contract for the sale or exchange of such bonds, if any, which are part of the same “issue” as defined in Section 1.150-1(c) of the Regulations, as the Series 2018A Bonds.

Common Issue Bonds means the Bonds and any other tax- exempt bonds sold within 15 days of the first day on which there is a binding written contract for the sale or exchange of the Bonds and which are payable from loan payments to be made by the Borrower, which bonds are part of the same “issue,” as defined in section 1.150-1(c) of the Regulations, as the Bonds and include the Issuer’s Marine Terminal Revenue Bonds (HFOTCO LLC Project) Series 2010 and Series 2011.

Examples of Common Issue Bonds in a sentence

• The Board shall assure that Political Subdivisions, or any related persons thereto, will be prohibited from purchasing the Common Issue Bonds or a portion thereof in an amount related to the amount of the loan to be acquired by the Board from any such Political Subdivision.

• Except to the extent permitted by section 148 of the Code and the Regulations and rulings thereunder, the Board shall not at any time prior to the final stated maturity of the Common Issue Bonds directly or indirectly invest Gross Proceeds in any Investment, if as a result of such investment the Yield of any Investment acquired with Gross Proceeds, whether then held or previously disposed of, exceeds the Yield of the Common Issue Bonds.

• Except to the extent permitted by section 149(b) of the Code and the Regulations and rulings thereunder, the Board shall not take or omit to take any action which would cause the Common Issue Bonds to be federally guaranteed within the meaning of section 149(b) of the Code and the Regulations and rulings thereunder.

• The Board hereby directs and authorizes the Executive Administrator and the Chief Financial Officer of the Board, either or any combination of them, to make elections permitted or required pursuant to the provisions of the Code or the Regulations, as they deem necessary or appropriate in connection with the Common Issue Bonds, in the Certificate as to Tax Exemption or similar or other appropriate certificate, form or document.

• Except to the extent permitted by section 141 of the Code and the Regulations and rulings thereunder, the Board shall not use Gross Proceeds of the Common Issue Bonds and shall take any action necessary to assure that Gross Proceeds of the Common Issue Bonds are not used to make or finance loans to any person or entity other than a state or local government.

More Definitions of Common Issue Bonds

Common Issue Bonds means the Series 2021A Bonds and any other tax-exempt bonds sold within 15 days of the first day on which there is a binding written contract for the sale or exchange of the Series 2021A Bonds, which are part of the same “issue” as the Series 2012B Bonds, as defined in section 1.150-1(c) of the Regulations.

Common Issue Bonds means the Bonds and any other tax- exempt bonds sold within 15 days of the first day on which there is a binding written contract for the sale or exchange of the Bonds and which are payable from loan payments to be made by the Borrower, which bonds are part of the same “ issue ,” as defined in section 1.150-1(c) of the Regulations, as the Bonds and include the Issuer’s Marine Terminal Revenue Bonds (HFOTCO LLC Project) Series 2011 and Series 2012.

Common Issue Bonds means the Bonds and any other tax-exempt obligations sold within 15 days of the Bonds that are part of the same issue pursuant to section 1.150-1(c) of the Regulations.

Common Issue Bonds means the Series 2019D Bonds and any other tax-exempt bonds sold within 15 days of the first day on which there is a binding written contract for the sale or exchange of the Series 2019D Bonds, which are part of the same “issue,” as defined in section 1.150-1(c) of the Regulations, as the Series 2019D Bonds.

Common Issue Bonds means the Series 2022E Bonds and any other tax-exempt bonds sold within 15 days of the first day on which there is a binding written contract for the sale or exchange of the Series 2022E Bonds, which are part of the same “issue” as the Series 2022E Bonds, as defined in section 1.150-1(c) of the Regulations.

Common Issue Bonds means the Series 2020A Bonds and any other tax-exempt bonds sold within 15 days of the first day on which there is a binding written contract for the sale or exchange of the Series 2020A Bonds and which are part of the same “issue,” as defined in section 1.150-1(c) of the Treasury Regulations, as the Series 2020A Bonds.

Common Issue Bonds means the Series 2022A Bonds and any other tax-exempt bonds sold within 15 days of the first day on which there is a binding written contract for the sale or exchange of the Series 2022A Bonds, which are part of the same “issue” as the Series 2022A Bonds, as defined in section 1.150-1(c) of the Regulations.