Nonarbitrage Certificate definition

Nonarbitrage Certificate means the Tax and Nonarbitrage Certificate of the District delivered in connection with the issuance of the Bonds.

Nonarbitrage Certificate means, collectively, any Tax and Nonarbitrage Certificate of the District delivered in connection with the issuance of any Bonds which are tax- exempt Bonds.

Nonarbitrage Certificate means the Tax Certificate or a Nonarbitrage Certificate prepared by Bond Counsel and delivered by the Authority at the time of the issuance and delivery of any Series of Bonds which purport to bear interest which is excluded from gross income for federal income tax purposes, as the same may be amended or supplemented in accordance with its terms.

Examples of Nonarbitrage Certificate in a sentence

• Amounts on deposit in the Excess Earnings Fund shall only be applied to payments made to the United States or otherwise transferred to other accounts or funds established hereunder in accordance with the Nonarbitrage Certificate.

• The District shall cause moneys to be transferred to the Excess Earnings Fund, to the extent needed to comply with the Nonarbitrage Certificate.

• The District hereby agrees to deliver instructions to the Paying Agent as may be necessary in order to comply with the Nonarbitrage Certificate.

• Only those tenderers who are registered with the CIDB, or are capable of being so prior to the evaluation of submissions, in a contractor grading designation equal to or higher than the contractor grading designation determined in accordance with the sum tendered, or a value determined in accordance with Regulation 25 (1B) or 25 (7A) of the Construction Industry Development Regulations, for a 3CE or higher class of construction work, are eligible to have their tenders evaluated.

• In furtherance of these covenants, the District agrees to comply with the covenants contained in the Nonarbitrage Certificate.

• Perform all duties required of the Arbitrageur as specified by the Trust Indenture, the Non-arbitrage Certificate, and any other documents governing the applicable bond series (Bond Documents).

• Any amounts on deposit in the Debt Service Fund when there are no longer any Bonds Outstanding shall be transferred to the General Fund of the District subject to any conditions set forth in the Nonarbitrage Certificate.

• If there is any inconsistency or conflict between any provision of this Resolution and any provision of the Nonarbitrage Certificate, the Nonarbitrage Certificate prevails to the extent of the inconsistency or conflict.

• Any amounts on deposit in the Debt Service Fund when there are no longer any Bonds Outstanding shall be transferred to the general fund of the District subject to any conditions set forth in the Nonarbitrage Certificate.

• Pursuant to the Resolution and the Tax and Nonarbitrage Certificate executed by the District in connection with the issuance of the Bonds (the “Tax Certificate”), the District has covenanted to comply with the applicable requirements of the Code in order to maintain the exclusion of the interest on the Bonds from gross income for federal income tax purposes pursuant to Section 103 of the Code.

More Definitions of Nonarbitrage Certificate

Nonarbitrage Certificate means the Tax and Nonarbitrage Certificate provided by the County on the Closing Date, as set forth in Exhibit F hereto, as the same may be amended from time to time, the 1998 Nonarbitrage Certificate and the 2012 Nonarbitrage Certificate, as applicable.