Certificate Year definition

Certificate Year means each one-year period (or shorter period for the first Certificate Year) ending December 1, or another one-year period selected by the City.

Certificate Year. The first Certificate Year is the annual period which begins on the Certificate Date. Subsequent Certificate Years begin on each Certificate Anniversary.

Certificate Year means the one (1) year period including the Effective Date and immediately following that date. Each succeeding Certificate Year is the one (1) year period from the Certificate anniversary to the next Certificate anniversary.

Examples of Certificate Year in a sentence

• The Lease Revenue Fund is used primarily to achieve a proper matching of revenues with Basic Rent Payments within each Certificate Year, and the City expects that the Lease Revenue Fund will qualify as a Bona Fide Debt Service Fund.

• The City will provide the Rebate Analyst with copies of investment reports for any funds containing Gross Proceeds that are held by a party other than the Trustee annually as of the end of each Certificate Year and not later than ten days following each Computation Date.

• If the average annual debt service on the Certificates does not exceed $2,500,000, the $100,000 earnings test may be treated as satisfied in every Certificate Year.

• The Payment Fund is used primarily to achieve a proper matching of revenues with principal and interest payments on the Certificates within each Certificate Year, and the City expects that the Payment Fund will qualify as a Bona Fide Payment Fund.

• Within 45 days of the end of each fifth Certificate Year, the City shall calculate or cause to be calculated the amount of rebatable arbitrage, in accordance with Section 148(f)(2) of the Code and Section 1.148-3 of the Regulations, for this purpose treating the last day of the applicable Certificate Year as a computation date, within the meaning of Section 1.148-1(b) of the Regulations (the “Rebate Amount”).

More Definitions of Certificate Year

Certificate Year means the period starting from the certificate start date or from the latest certificate anniversary date and ending with a day prior to the next anniversary date.

Certificate Year means each period of twelve (12) months commencing from the Certificate Commencement Date and, thereafter from a Certificate Anniversary Date;

Certificate Year. For a Participant, each twelve (12) month period that begins on his or her Certificate Effective Date or on a Certificate Anniversary.

Certificate Year means any one-year period (or shorter period from the Issue Date) ending on the close of business on the day preceding the anniversary of the Issue Date; provided, however, that the Board may select any other day as the end of a Certificate Year if such selection is made prior to the earlier of the final maturity date of the Series 2016A Certificates or the fifth anniversary of the Issue Date.

Certificate Year means the 12-calendar month period commencing on September 2 and terminating on September 1 of the following year; provided, that the first Certificate Year shall commence on the Closing Date and terminate on September 1, 2024.

Certificate Year means each twelve-month period beginning on June 1 in each year and extending to the next succeeding May 31, both dates inclusive, except that the first Certificate Year shall begin on the Delivery Date and end on May 31, 20[21].

Certificate Year twelve (12) month period as listed on the declarations page of the agreement issued to the plan sponsor.