Higher Yielding Investments definition

Higher Yielding Investments means any Investment Property that produces a Yield that (a) in the case of Investment Property allocable to Replacement Proceeds of an issue and Investment Property in a Refunding Escrow, is more than one thousandth of one percentage point (.00001) higher than the Yield on the applicable issue, and (b) for all other purposes is more than one-eighth of one percentage point (.00125) higher than the Yield on the issue.

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Higher Yielding Investments means any Investment Property that produces a Yield that

Higher Yielding Investments means any Investment Property which produces a Yield over the term of the issue which is materially higher than the Yield on the issue. For purposes hereof, "materially higher" shall have the meaning ascribed to such phrase in Section 1.148-2(d)(2) of the which states that the Yield on any investment is "materially higher" when it exceeds the Yield on the Bonds by more than one-eighth of one percentage point (1/8 of 1%).

Examples of Higher Yielding Investments in a sentence

• Any Sale Proceeds that remain unspent on the third anniversary of the Issuance Date, which is the expiration date of the Temporary Period for such Proceeds, shall not be invested in Higher Yielding Investments with respect to the Issue after that date except as part of the Minor Portion.

• No portion of the Issue is being issued solely for the purpose of investing Proceeds in Higher Yielding Investments.

• In any event, Higher Yielding Investments generally do not include Tax-Exempt Obligations (except for those specified private activity bonds that are included in Investment Property), although the earnings thereon may be subject to Yield restriction unless reinvested in Tax-Exempt Obligations (except for those specified private activity bonds that are included in Investment Property).

• Any Investment Proceeds will be used to pay costs of the Project and may be invested in Higher Yielding Investments during the Temporary Period identified in 3.10(B)(1) or, if longer, one year from the date of receipt, such period being the Temporary Period for such Proceeds.

• Gross Proceeds will not be invested in Higher Yielding Investments except for (A) the Minor Portion, and (B) those Gross Proceeds identified in Sections 4.8, 4.9 and 4.10, but only during the applicable Temporary Periods there described for those Gross Proceeds.

• The Code and the Regulations generally provide that the direct or indirect investment of the Gross Proceeds of the Bonds in Higher Yielding Investments causes the Bonds to be arbitrage bonds and, thus, the interest thereon to be taxable.

• Any amounts in the portion of the Reserve Fund allocable to the Issue in excess of the least of these amounts will not be invested in Higher Yielding Investments with respect to the Issue.

• Such Minor Portion may be invested in Higher Yielding Investments with respect to the Issue.

• Amounts in the portion of the Reserve Fund allocable to the Issue may be invested in Higher Yielding Investments with respect to the Issue to the extent that such amounts do not exceed the least of (i) 10% of the principal amount of the Issue; (ii) maximum annual Debt Service; and (iii) 125% of average annual Debt Service.

• Such Minor Portion may be invested in Higher Yielding Investments.

More Definitions of Higher Yielding Investments

Higher Yielding Investments yield", and "debt service" have the meanings assigned to them for purposes of Section 148 of the Code.

Higher Yielding Investments means any Investment Property which produces a Yield over the term of the Bonds which is materially higher than the Yield on the Bonds.