Examples of Proceeds Agreement in a sentence
Although the Local School Bond of a Locality may qualify for the Small Issuer Exception, custody, investment and disbursement of the proceeds of the VPSA Bonds applied to the purchase of the Locality's Local School Bond shall continue under the Proceeds Agreement, and the Investment Manager shall continue to provide an Investment Report for such Locality.
In addition to the words and terms defined in the Proceeds Agreement to which this Letter Agreement is attached as Exhibit C, the following words and terms shall have the following meanings: "Bond Resolution" shall mean the resolution of the Authority adopted on October 23, 1997, as last amended and restated on September 20, 2012, and as supplemented.
In addition to the words and terms elsewhere defined in this Proceeds Agreement including the Exhibits attached hereto, the following words and terms shall have the following meanings: "Aggregate Localities Rebate Requirement" shall be the amount calculated pursuant to the Letter Agreement.
Each Class B Member agrees to take any and all actions reasonably necessary in order to consummate the transactions contemplated by the Use of Proceeds Agreement.
The Investment Manager shall invest and reinvest moneys to the credit of the Income Subaccount of each Locality for the benefit of such Locality in accordance with the provisions of the Information Statement, this Proceeds Agreement and the Related Tax Agreements.