Transferred Proceeds definition

Transferred Proceeds means amounts actually or constructively received from the sale of the Prior Bonds, plus investment earnings thereon, which have not been spent prior to the date principal on the Refunded Bonds is discharged by the Bonds.

Transferred Proceeds means the sum of $ on deposit in the Issue 2020-2 Bond Subaccount of the Loan Fund subsequent to the refunding of the Refunded Bonds.

Transferred Proceeds means Proceeds of a refunding issue which become transferred proceeds of a refunding issue and cease to be Proceeds of a prior issue when Proceeds of the refunding issue discharge any of the outstanding principal amount of the prior issue. The amount of Proceeds of the prior issue that become transferred proceeds of the refunding issue is an amount equal to the Proceeds of the prior issue on the date of that discharge multiplied by a fraction:

Examples of Transferred Proceeds in a sentence

• Amounts cease to be allocated to an issue as Proceeds only when those amounts (i) are allocated to an expenditure for a governmental purpose; (ii) are allocated to Transferred Proceeds of another issue of obligations; or (iii) cease to be allocated to that issue at retirement of the issue or under the Universal Cap.

• Proceeds – means any Sale Proceeds, Investment Proceeds, and Transferred Proceeds of the Notes which are attributable to financing the Project.

• Spending Exception Calculations - Per Semi-Annual Spending Period $1,000 Rebate Supplemental Fees (per Report): Refunding Bonds with Transferred Proceeds Allocations Hourly; Rate $150, not to exceed $500 Allocation/Review/Verification of Commingled Funds Hourly; Rate $150, not to exceed $500 Bond Compliance Program Budget Fort Bend County, Texas Arbitrage Compliance Specialists, Inc.

• The Rebate Amount will be calculated on the Transferred Proceeds on the basis of the Yield of the Prior Issue up to each transfer date and on the basis of the Yield of the Refunding Issue after each transfer date.

• If the Prior Issue satisfies one of the rebate Spending Exceptions, the Proceeds of the Prior Issue that are excepted from rebate under that exception are not subject to rebate either as Proceeds of the Prior Issue or as Transferred Proceeds of the Refunding Issue.

More Definitions of Transferred Proceeds

Transferred Proceeds means that portion of the Proceeds of an issue (including any Transferred Proceeds of that issue) that remains unexpended at the time that any portion of the principal of the Refunded Bonds of that issue is discharged with the Proceeds of a Refunding Issue and that thereupon becomes Proceeds of the Refunding Issue as provided in Regulations

Transferred Proceeds shall have the meaning provided therefor in Section 1.148-9 of the Regulations.

Transferred Proceeds means the amounts described in Section 1.148-9 of the Regulations.

Transferred Proceeds means transferred proceeds as defined in Treasury Regulation §1.148-9.

Transferred Proceeds means the amount on deposit in the Issue 2020-4 Bond Subaccount of the Loan Fund subsequent to the refunding of the Refunded Bonds, as set forth in a certificate of THDA to be delivered on or before the date of issuance of the Issue 2020-4 Bonds.

Transferred Proceeds means amounts actually or constructively received from the sale of the Prior Bonds, plus investment earnings thereon, and transferred proceeds, if any, of the Prior Bonds that have not been spent prior to the date principal on the Refunded Bonds is discharged by the Bonds to the extent allocated to the Bonds under the Regulations.

Transferred Proceeds means, with respect to the portion of the Issuer Loan that is a refunding issue, proceeds that have ceased to be proceeds of a refunded issue and are transferred proceeds of the refunding issue by reason of Section 1.148-9 of the Regulations.