Installment Computation Date definition
Examples of Installment Computation Date in a sentence
Each payment must be in an amount not less than the total of ninety percent (90%) of the Locality Rebate Requirement for each Locality as of each Installment Computation Date.
The Rebate Requirement, net of the Computation Date Credit, must be computed by the Company as of each Installment Computation Date and as of the Final Computation Date.
Rebate installments of an amount which, when added to the future value of all previous rebate payments made with respect to the Bond, equals at least 90 percent of the Rebate Requirement, must be paid by the Company on behalf of the Authority no later than the date 60 days after each Installment Computation Date.
Except as provided above, the Lessee shall engage a Rebate Analyst to compute rebatable arbitrage within 45 days after each Installment Computation Date, and within 45 days after the Final Computation Date, in accordance with the Regulations.
Not later than 60 days after each Installment Computation Date (or such longer period as may be permitted by the Regulations), the City must pay to the United States of America an amount that, when added to the Future Value as of such Computation Date of previous Rebate Amount payments made for the Lease, equals at least 90 percent of the Rebate Amount and 100 percent of any Yield Reduction Payments required to be on deposit in the Rebate Fund as of such payment date.