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 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:
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.
Examples of Transferred Proceeds in a sentence
In applying the Spending Exceptions to a Refunding Issue, unspent Proceeds of the Prior Issue that become Transferred Proceeds of the Refunding Issue are ignored.
More Definitions of Transferred Proceeds
Transferred Proceeds shall have the meaning provided therefor in Section 1.148-9 of the Regulations.
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 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 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 §1.148-9(b). “Transferred Proceeds” does not include any Replacement Proceeds.
Transferred Proceeds means the amount on deposit in the Issue 2020-3 Bond Subaccount of the Loan Fund subsequent to the refunding of the RefundedBonds, as set forth in a certificate of THDA to be delivered on or before the date of issuance of the Issue 2020-3 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 Refunding Portion of the Bonds to the extent allocated to the Bonds under the Regulations.