Rebate Fund definition
Examples of Rebate Fund in a sentence
Any moneys deposited in the Rebate Fund that do not constitute Proceeds may be invested without yield restriction, and any earnings on such moneys are not subject to the Rebate Requirement.
The Borrower, on its own behalf and on behalf of the Issuer, reasonably expects that no Proceeds will be deposited to the Rebate Fund.
Any Investment Proceeds on deposit in the Rebate Fund may not be invested at a Yield in excess of the Bond Yield for a period of more than one year beginning on the date of receipt thereof and are subject to the Rebate Requirement.
The Borrower covenants to fund and use the Rebate Fund in the manner required by this Tax Compliance Agreement.
No later than 60 days after the Final Computation Date, the Borrower must pay from funds on deposit in the Rebate Fund with respect to the Bonds to the United States of America an amount that, when added to the Future Value as of such Computation Date of previous rebate payments made for the Bonds, equals at least 100 percent of the balance remaining in the Rebate Fund, as allocable to the Bonds.