Examples of Proceeds Certificate in a sentence
In connection with the delivery of the Bonds, the School District has executed and delivered an Arbitrage and Use of Proceeds Certificate.
Preference is given to students who plan to enter the ~eachingprofession.
Without limiting the generality of the foregoing, the School District covenants that it will comply with the instructions and requirements of the Arbitrage and Use of Proceeds Certificate, which is incorporated herein as if fully set forth herein.
In our opinion, the Financing Agreement, the Letter of Representation, the Continuing Disclosure Agreement and the Arbitrage and Use of Proceeds Certificate have been duly authorized, executed and delivered by the School District; and, assuming the due authorization, execution and delivery of the Financing Agreement by the Authority, will constitute legal, valid and binding obligations of the School District, enforceable in accordance with their terms.
The School District has duly approved the execution and delivery of this Financing Agreement, the Arbitrage and Use of Proceeds Certificate and the Continuing Disclosure Agreement and the issuance and delivery of the School District Bonds in the Principal Amount and has authorized the taking of any and all action as may be required on the part of the School District to carry out, give effect to and consummate the transactions contemplated by each of the foregoing.
To the extent that the proceeds of the Loan are to be used to finance the Project, they shall be maintained in a separate account established with the Bank (not commingled with any other funds of the School District) pursuant to Section 165.00 of the Local Finance Law and Sections 10 and 11 of the General Municipal Law and maintained in accordance with the provisions of the Arbitrage and Use of Proceeds Certificate.
In either case, the School District shall, prior to the issuance of the Authority Bonds, transfer any unspent proceeds of the Refunded Obligations to a separate account established with the Bank (not commingled with any other funds of the School District) pursuant to Section 165.00 of the Local Finance Law and Sections 10 and 11 of the General Municipal Law and maintained in accordance with the provisions of the Arbitrage and Use of Proceeds Certificate.
The Authority will comply with the provisions of the Tax Certificate and the Use of Proceeds Certificate with respect to the Bonds, which are incorporated herein as if fully set forth herein.
The Firm shall be instructed to determine whether the Determinations set forth in the Litigation Proceeds Certificate that are in dispute are correct in all material respects.
The Board covenants on behalf of the County that (i) the proceeds from the issuance and sale of the Bonds will be invested and expended as set forth in such Certificate as to Arbitrage and such Use of Proceeds Certificate and that the County shall comply with the other covenants and representations contained therein and (ii) the County shall comply with the provisions of the Code so that interest on the Bonds and on the VPSA Bonds will remain excludable from gross income for Federal income tax purposes.