Rebate Amount definition

Rebate Amount means the amount, if any, required to be rebated to the United States pursuant to Section 148(f) of the Internal Revenue Code of 1986, as amended, and the regulations and rulings thereunder.

Rebate Amount means, for any given period, the amount determined by the Rebate Analyst as required to be rebated or paid as a yield reduction payment to the United States of America with respect to the Funding Loan.

Rebate Amount has the meaning set forth in section 1.148-1(b) of the Tax Regulations.

Examples of Rebate Amount in a sentence

• The Authority may direct the Trustee in writing to use money in the Administrative Expense Fund in such amounts as the Authority may specify, in order to deposit the Rebate Amount in the Rebate Fund.

• The Trustee shall pay to the Authority or to such place as the Authority may direct, upon written request of an Authorized Authority Representative, the Rebate Amount required to be paid to the United States at the times, in the manner and as calculated in accordance with Section 148(f) of the Code.

• The Administrator shall compute any Rebate Amount annually and, if necessary to provide sufficient money to pay the Rebate Amount, shall increase the Administrative Expenses as appropriate to have funds available in the Administrative Expense Fund to pay the Rebate Amount.

• The Trustee shall hold money in the Rebate Fund in trust to be applied to pay any Rebate Amount.

• The Trustee shall have no responsibility for computation of the Rebate Amount, and the Authority shall cause the Rebate Amount to be calculated in accordance with the requirements of Section 148(f) of the Code.

More Definitions of Rebate Amount

Rebate Amount means, with respect to a particular Series of Bonds, the amount, if any, required to be deposited in the Rebate Fund in order to comply with the tax covenants contained in the General Resolution.

Rebate Amount means, with respect to a particular Series of Bonds to which the covenants of the Resolution relating to rebate are applicable, the amount, if any, required to be deposited in the Rebate Fund in order to comply with the covenant contained in the Resolution.

Rebate Amount means the excess of the Future Value of all Receipts on Nonpurpose Investments over the Future Value of all the Payments on Nonpurpose Investments. Future Value is computed as of the Computation Date. Rebate Amount additionally includes any penalties and interest on underpayments reduced for recoveries of overpayments.

Rebate Amount means the excess of the future value, as of a computation date, of all receipts on nonpurpose investments (as defined in Section 1.148-1(b) of the Income Tax Regulations) over the future value, as of that date, of all payments on nonpurpose investments, all as provided by regulations under the Code implementing Section 148 thereof.

Rebate Amount means the amount, if any, determined to be payable with

Rebate Amount means the excess of the future value, as of any date, of all receipts on Nonpurpose Investments acquired with Gross Proceeds of an issue over the future value, as of that date, of all payments on those Nonpurpose Investments, computed in accordance with Section 148(f) and Regulations §1.148-3.

Rebate Amount means the amount computed as described in this Certificate.