Tax and Nonarbitrage Certificate definition

Tax and Nonarbitrage Certificate means the Tax and Non Arbitrage Certificate, dated the Closing Date and executed by the Authority.

Tax and Nonarbitrage Certificate means, with respect to the Authority Bonds, the Tax and Nonarbitrage Certificate, dated the date of issuance of the Authority Bonds, as originally executed and as it may from time to time be amended or supplemented pursuant to its terms.

Tax and Nonarbitrage Certificate means the certificate of the District to be delivered on the Closing Date, setting forth the requirements of the Code applicable to the Bonds.

Examples of Tax and Nonarbitrage Certificate in a sentence

• The Treasurer shall invest all amounts held in any such Excess Earnings Fund in accordance with the applicable Tax and Nonarbitrage Certificate.

• Pursuant to the Resolution and the Tax and Nonarbitrage Certificate executed by the District in connection with the issuance of the Bonds (the “Tax Certificate”), the District has covenanted to comply with the applicable requirements of the Code in order to maintain the exclusion of the interest on the Bonds from gross income for federal income tax purposes pursuant to Section 103 of the Code.

• The District covenants that it shall comply with the provisions of the Tax and Nonarbitrage Certificate.

• In furtherance of the covenant contained in the preceding sentence, CMEEC agrees to comply with the provisions of the Tax and Nonarbitrage Certificate (the “Tax Certificate”), delivered on the date of initial issuance and delivery of the 2022 Series A Bonds, as such Tax Certificate may be amended from time to time, as a source of guidance for achieving compliance with the Code.

• Pursuant to the Indenture, proceeds from the sale of the Series 1999 Bonds are required to be used solely for the purposes of redevelopment and in compliance with the requirements of the federal Tax Code as further provided in the Tax and Nonarbitrage Certificate executed by the CDC in connection with issuance of the Series 1999 Bonds (the “ Tax Certificate”) and described in the Official Statement for the Series 1999 Bonds (“Official Statement”).

More Definitions of Tax and Nonarbitrage Certificate

Tax and Nonarbitrage Certificate means the certificate of the District delivered in connection with the issuance of the Bonds.

Tax and Nonarbitrage Certificate means, with respect to a Series of Refinancing Bonds, the Tax and Nonarbitrage Certificate of the District delivered by the District in connection with the issuance of such Series of Refinancing Bonds.

Tax and Nonarbitrage Certificate means the tax and nonarbitrage certificate executed by the Metropolitan Government in connection with any Parity Obligations which are issued as Tax-Exempt Parity Obligations, which certificate relates to the exclusion from gross income pursuant to the Code of interest of such Parity Obligations.

Tax and Nonarbitrage Certificate means the tax and nonarbitrage certificate or similar agreement or certificate executed by the Metropolitan Government in connection with any Parity Obligations which are issued as Tax-Exempt Parity Obligations, which certificate or agreement relates to the exclusion from gross income pursuant to the Code of interest of such Parity Obligations.

Tax and Nonarbitrage Certificate means the tax and nonarbitrage certificate delivered by the District in connection with the issuance of a Series of Subordinate Refunding Bonds.

Tax and Nonarbitrage Certificate means, with respect to a Series of 1999 Authorization Bonds, the Tax and Nonarbitrage Certificate of the District delivered by the District in connection with the issuance of such Series of 1999 Authorization Bonds.

Tax and Nonarbitrage Certificate means the Tax and Nonarbitrage Certificate with respect to the Certificates provided to the Independent Counsel by the District on the Closing Date.