Rebate Amount Certificate definition
Examples of Rebate Amount Certificate in a sentence
The Company further covenants to comply with the covenants and procedures set forth in Section 6.6 of the Indenture and the Tax Regulatory Agreement and to deliver the Rebate Amount Certificate to the Trustee when required and to deposit in the Rebate Fund such amount as may be required and the Issuer, at the request and direction of the Company, hereby selects October 15 as the end of the “bond year” with respect to the Tax-Exempt Bonds.
On or before 60 days after final payment of the 2016 Bond, the Authority shall pay to the United States of America the amount, if any, by which 100% of the Rebate Amount set forth in the Rebate Amount Certificate with respect to the date of final payment of the 2016 Bond exceeds the aggregate of all payments theretofore made pursuant to this Section.
The Rebate Amount Certificate setting forth such Rebate Amount shall be prepared or approved by (i) a person with experience in matters of accounting for federal income tax purposes, (ii) an arbitrage rebate calculating and reporting service, or (iii) Bond Counsel.
Prior to any payment of the Rebate Amount with respect to the Bonds to the United States of America as required by Section 148 of the Code, the Rebate Amount Certificate setting forth such Rebate Amount shall be prepared or approved by (i) an independent certified public accountant, (ii) any recognized, independent arbitrage rebate calculation service acceptable to the Trustee or the Authority or (iii) Bond Counsel.
The Company further covenants to comply with the covenants and procedures set forth in Section 6.11 of the Indenture and the Tax Regulatory Agreement and to deliver the Rebate Amount Certificate to the Trustee when required and to deposit in the Rebate Fund such amount as may be required and the Issuer, at the request and direction of the Company, hereby selects October 15 as the end of the “bond year” with respect to the Tax-Exempt Bonds.
On or before 55 days after payment in full of the Bonds, the Borrower, on behalf of the Authority, shall pay to the Trustee for deposit in the Rebate Fund and payment to the United States of America the amount, if any, by which 100% of the Rebate Amount with respect to the Bonds set forth in the Rebate Amount Certificate for the date of payment of the Bonds exceeds the aggregate of all payments theretofore made pursuant to this Section.
The Trustee shall not be responsible for the accuracy of any Rebate Amount Certificate or for monitoring the payment of any Rebate Amount.