Rebatable Arbitrage definition

Rebatable Arbitrage means rebatable arbitrage as defined in Section 1.148-3 of the Treasury Regulations.

Rebatable Arbitrage means with respect to any Series of Bonds the amount (determinable as of each Rebate Calculation Date) of rebatable arbitrage payable to the United States at the times and in the amounts specified in Section 148(f)(3) of the Code and Section 1.148-3 of the Regulations.

Rebatable Arbitrage means with respect to any Series of Bonds where (i) the interest thereon is intended to be excludable from gross income for federal income tax purposes or (ii) Direct Payments are applicable, the amount (determinable as of each Rebate Calculation Date) of rebatable arbitrage payable to the United States at the times and in the amounts specified in Section 148(f)(3) of the Code and Section 1.148-3 of the Regulations.

Examples of Rebatable Arbitrage in a sentence

• The District shall obtain expert advice as to the amount of the Rebatable Arbitrage to comply with this Section.

• Within 55 days of the end of each fifth Rebate Year, upon the written direction of the Governmental Lender, Bond Counsel or the Rebate Analyst, an amount shall be deposited to the Rebate Fund by the Fiscal Agent from amounts provided by the Borrower, if and to the extent required so that the balance in the Rebate Fund shall equal the amount of Rebatable Arbitrage so calculated in accordance with the preceding paragraph.

• The Successor Agency shall obtain expert advice as to the amount of the Rebatable Arbitrage to comply with this Section.

• If Gross Proceeds are in fact expended by such date, then, except as to amounts, if any, on deposit in the Reserve Account, Rebatable Arbitrage with respect to such Gross Proceeds need not be calculated and no payment thereof to the United States Department of Treasury need be made.

• Within 55 days of the end of each fifth Bond Year, the Authority shall cause the Borrower to transfer to the Trustee for deposit an amount in the Rebate Fund, if and to the extent required so that the balance in the Rebate Fund equals the amount of Rebatable Arbitrage so calculated in accordance with (i) of this Subsection (c).

More Definitions of Rebatable Arbitrage

Rebatable Arbitrage means the amount (determinable as of the last day of each fifth Bond Year and upon retirement of the last Bond Outstanding) of arbitrage profits payable to the United States at all times and in the amounts specified in Section 148(f) of the Code and any applicable Regulations.

Rebatable Arbitrage means, as of any Computation Date, the excess of the future value of all Nonpurpose Receipts over the future value of all Nonpurpose Payments.

Rebatable Arbitrage means 100% of the excess of the future value, as of a date, of all receipts on nonpurpose investments over the future value, as of that date, of all payments on nonpurpose investments, as more fully described in Code Section 148(f) and Regulations Section 1.148-3.

Rebatable Arbitrage is defined in Section 4.10 hereof.

Rebatable Arbitrage means, with respect to any Series of Bonds, the amount (determined as of each Rebate Calculation Date) of rebatable arbitrage payable to the United States at the times and in the amounts specified in Section 148(f)(3) of the Code and Section 1.148-1 and 1.148-2 of the Regulations.

Rebatable Arbitrage means rebatable arbitrage as described in Section 1.148-3 of the Regulations.

Rebatable Arbitrage has the meaning provided in Section 5.7 hereof. Rating Category: one of the generic rating categories of a Rating Agency, without regard to any refinement or gradation of such Rating Category by a numerical or other modifier. Rebate Amounts: the amount determined pursuant to Section 5.7 hereof and Section 7.7(13) of the Loan Agreement to be rebated to the United States. Rebate Analyst: a certified public accountant, financial analyst or bond counsel, or any firm of the foregoing, or financial institution (which may include the Trustee) experienced in making the arbitrage and rebate calculations required pursuant to Section 148 of the Code, selected and retained by the Borrower at the expense of the Borrower, with the prior written consent of the Issuer, to make the rebate computations required under this Indenture and the Loan Agreement.