Examples of Exemption in a sentence
The Lessee does not qualify for the small issuer Rebate Exemption described above, and the Lessee hereby certifies and covenants that it will account for, keep the appropriate records of, and pay to the United States, the rebate amount, if any, earned from the investment of gross proceeds of this Lease and the Advances to be made hereunder, at the times, in the amounts, and in the manner prescribed in Section 148(f) of the Code and the applicable Regulations promulgated with respect thereto.
Section 7.3 Valuation Assessment; Property Tax Exemption 28 Section 7.4 Failure to Pay Impositions 28 Section 7.5 Utilities 28 ARTICLE 8.
Accordingly, the Lessee will qualify for the Rebate Exemption granted to governmental units issuing less than $5,000,000 under Section 148(f)(4)(D) of the Code ($15,000,000 for the financing of public school facilities construction as described above), and the Lessee shall be treated as meeting the requirements of Paragraphs (2) and (3) of Section 148(f) of the Code relating to the required rebate of arbitrage earnings to the United States with respect to this Lease and the Advances to be made hereunder.
The Agency shall complete an Exemption Application in connection herewith, file with the Town Assessor of the Town of Cohocton such Exemption Application together with a copy of this Amendment, and provide a copy of such filed materials to the Affected Tax Jurisdictions.