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.
Except as provided above, the Lessee shall compute arbitrage rebate within 45 days after each Installment Computation Date, and within 45 days after the Final Computation Date, in accordance with the Regulations.
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.
The rebate payment as of any Installment Computation Date shall be an amount which, when added to the future value of previous rebate payments, equals at least 90% of the Rebatable Arbitrage calculated as of such Computation Date.