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”).