Excess Investment Earnings definition

Excess Investment Earnings means an amount required to be rebated to the United States of America under Section 148(f) of the Tax Code due to investment of gross proceeds of the Bonds at a yield in excess of the yield on the Bonds.

Excess Investment Earnings means an amount equal to the sum of --

Excess Investment Earnings has the meaning specified in Section 2.10(b).

Examples of Excess Investment Earnings in a sentence

• All amounts on deposit from time to time in the Bond Fund, but excluding any amounts on deposit in the Excess Investment Earnings Account, subject to the provisions of this Indenture and the Agreement permitting or requiring the application thereof for the purposes and on the terms and conditions set forth herein and therein.

• All amounts on deposit from time to time in the Construction Fund, but excluding any amounts on deposit in the Excess Investment Earnings Account, subject to the provisions of this Indenture and the Agreement permitting or requiring the application thereof for the purposes and on the terms and conditions set forth herein and therein.

• All amounts on deposit from time to time in the Bond Fund and the Construction Fund, but excluding any amounts on deposit in the Excess Investment Earnings Account, subject to the provisions of this Indenture and the Agreement permitting or requiring the application thereof for the purposes and on the terms and conditions set forth herein and therein.

• The Borrowers has covenanted and agreed that it will (a) prepare and file with the Trustee and the Issuer a report setting forth the "Rebate Amount" determined in accordance with this Agreement, and (b) deposit or cause to be deposited in the Excess Investment Earnings Account (as defined in the Agreement) any and all Rebate Amounts promptly following a determination of any such Rebate Amount.

• Within 30 days after the end of each Bond Year, the Company shall determine the Excess Investment Earnings and deliver moneys to the Trustee for deposit into the Rebate Fund (or instruct the Trustee to transfer to the Rebate Fund moneys representing available arbitrage earnings, if any, in the Construction Fund or the Bond Fund) in an aggregate amount equal to the Excess Investment Earnings, if any.

More Definitions of Excess Investment Earnings

Excess Investment Earnings means an amount equal to the sum of:

Excess Investment Earnings means the amount of excess investment earnings determined to be subject to rebate to the United States of America with respect to the investment of the gross proceeds of the Bonds, determined pursuant to Section 148(f) of the Code.

Excess Investment Earnings means an amount required to be rebated to the United States of America under Section 148(f) of the Tax Code due to investment of gross proceeds of the Certificates at a yield in excess of the yield on the Lease Payments.

Excess Investment Earnings means the amount of investment earnings on gross proceeds of the 2020 Bonds determined by the Bank to be required to be rebated to the United States of America under the Code.

Excess Investment Earnings means an amount required to be rebated to the United States of America pursuant to Section 148(f) of the Tax Code.

Excess Investment Earnings are determinable as of the end of each Bond Year on the basis of the period from the date of original delivery and payment for the Bonds through the last day of the most recently completed Bond Year, and are the excess of:

Excess Investment Earnings means the investment earnings on the fund in excess of that required for allocations