Arbitrage and Use of Proceeds Certificate definition

Arbitrage and Use of Proceeds Certificate means the certificate of the School District to be delivered pursuant to Section 3.6(C)(ii) hereof and to be dated the date of delivery of the Authority Bonds.
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Arbitrage and Use of Proceeds Certificate means the Arbitrage and Use of Proceeds Certificate of the Authority in connection with the issuance of the Series 2015A Bonds, also signed by or with accompanying certifications of the County, all in a form satisfactory to Counsel to the Authority.
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Arbitrage and Use of Proceeds Certificate means, with respect to any Series of Bonds, the interest on which is intended by the Authority to be excluded from gross income for federal income tax purposes, a certificate executed by an Authorized Officer in connection with the initial issuance and delivery of the Bonds of such Series and containing representations, warranties and covenants of the Authority relating to the federal tax status of such Series of Bonds, as such certificate may be amended and supplemented from time to time.
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Examples of Arbitrage and Use of Proceeds Certificate in a sentence

  • In connection with the delivery of the Bonds, the School District has executed and delivered an Arbitrage and Use of Proceeds Certificate.

  • The School District will not take or omit to take any action which action or omission will in any way cause the proceeds of the Authority Bonds advanced to it to be applied in a manner contrary to that provided in the Master Resolution and the Arbitrage and Use of Proceeds Certificate as each are in force from time to time.

  • Without limiting the generality of the foregoing, the School District covenants that it will comply with the instructions and requirements of the Arbitrage and Use of Proceeds Certificate, which is incorporated herein as if fully set forth herein.

  • The School District has duly approved the execution and delivery of this Financing Agreement, the Arbitrage and Use of Proceeds Certificate and the Continuing Disclosure Agreement and the issuance and delivery of the School District Bonds in the Principal Amount and has authorized the taking of any and all action as may be required on the part of the School District to carry out, give effect to and consummate the transactions contemplated by each of the foregoing.

  • In our opinion, the Financing Agreement, the Letter of Representation, the Continuing Disclosure Agreement and the Arbitrage and Use of Proceeds Certificate have been duly authorized, executed and delivered by the School District; and, assuming the due authorization, execution and delivery of the Financing Agreement by the Authority, will constitute legal, valid and binding obligations of the School District, enforceable in accordance with their terms.

  • To the extent that the proceeds of the Loan are to be used to finance the Project, they shall be maintained in a separate account established with the Bank (not commingled with any other funds of the School District) pursuant to Section 165.00 of the Local Finance Law and Sections 10 and 11 of the General Municipal Law and maintained in accordance with the provisions of the Arbitrage and Use of Proceeds Certificate.

  • In either case, the School District shall, prior to the issuance of the Authority Bonds, transfer any unspent proceeds of the Refunded Obligations to a separate account established with the Bank (not commingled with any other funds of the School District) pursuant to Section 165.00 of the Local Finance Law and Sections 10 and 11 of the General Municipal Law and maintained in accordance with the provisions of the Arbitrage and Use of Proceeds Certificate.

  • Amounts held to the credit of the Series 2020A Bonds Rebate Fund shall be invested and applied in accordance with the Arbitrage and Use of Proceeds Certificate.

  • The School District has duly approved the execution and delivery of this Financing Agreement, the Arbitrage and Use of Proceeds Certificate, the Continuing Disclosure Agreement, the Escrow Agreement and the issuance and delivery of the School District Bonds in the Principal Amount and has authorized the taking of any and all action as may be required on the part of the School District to carry out, give effect to and consummate the transactions contemplated by each of the foregoing.

  • Amounts held to the credit of the Series 20l 7CDE Bonds Rebate Funds shall be invested and applied in accordance with the Arbitrage and Use of Proceeds Certificate.


More Definitions of Arbitrage and Use of Proceeds Certificate

Arbitrage and Use of Proceeds Certificate means the Arbitrage and Use of Proceeds Certificate dated as of July 1, 2020, relating to the Series 2020A Junior Obligation Note.
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Arbitrage and Use of Proceeds Certificate means, with respect to a Series of Bonds, the applicable Arbitrage and Use of Proceeds Certificate of the School Parties relating to such Series of Bonds.
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Arbitrage and Use of Proceeds Certificate means any such certificate so named and delivered by the Issuer in connection with the issuance of the Bonds.
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Arbitrage and Use of Proceeds Certificate means, with respect to any Junior Indebtedness Obligations, the interest on which is intended by the Authority to be excluded from gross income for federal income tax purposes, a certificate or certificates executed by an Authorized Officer in connection with the initial issuance and delivery of such Junior Indebtedness Obligations and containing representations, warranties and covenants of the Authority relating to the federal tax status of such Junior Indebtedness Obligations, as such certificate or certificates may be amended and supplemented from time to time.
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Arbitrage and Use of Proceeds Certificate means the Arbitrage and Use of Proceeds Certificate dated as of July 1, 2020, relating to the Series 2020A Junior Obligation Note.
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Related to Arbitrage and Use of Proceeds Certificate

  • Class A-S Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-8 hereto.

  • Regulation S Certificate means a certificate substantially in the form set forth in Annex A.