ARBITRAGE CERTIFICATIONS AND COVENANTS Sample Clauses

ARBITRAGE CERTIFICATIONS AND COVENANTS. (1) The Borrower reasonably expects, and hereby certifies and represents to the Issuer, and the Issuer hereby certifies that it reasonably expects, that the proceeds of the Bonds will not be used in a manner that would cause the Bonds to be classified as "arbitrage bonds" under Section 148(a) of the Code. To the best knowledge and belief of the Borrower, there are no facts or circumstances that would materially change the foregoing expectations. (2) The Borrower certifies and covenants with the purchasers and the holders of the Bonds from time to time outstanding that so long as any of the Bonds remain outstanding, moneys on deposit in any fund or account in connection with the Bonds, whether or not such moneys were derived from the proceeds of the sale of the Bonds or from any other sources, will not be used in a manner which will cause the Bonds to be "arbitrage bonds" within the meaning of Section 148(a) of the Code, as the same exists on the date of this Loan Agreement or may from time to time hereafter be amended, supplemented or revised.

ARBITRAGE CERTIFICATIONS AND COVENANTS. Section 3.1. General 9 Section 3.2. Reasonable Expectations 9 Section 3.3. Purpose of Financing 9 Section 3.4. Funds 10 Section 3.5. Amount and Use of Certificate Proceeds 10 Section 3.6. Multipurpose Issue 10 Section 3.7. No Current Refunding 10 Section 3.8. Project Completion 10 Section 3.9. Sinking Funds 10 Section 3.10. Reserve, Replacement and Pledged Funds 11 Section 3.11. Purpose Investment Yield 11 Section 3.12. Issue Price and Yield on Certificates 11 Section 3.13. Miscellaneous Arbitrage Matters 11 Section 3.14. Conclusion 12 Section 4.1. General 12 Section 4.2. Record Keeping; Use of Certificate Proceeds and Use of Financed Facilities 12 Section 4.3. Temporary Periods/Yield Restriction 13 Section 4.4. Procedures for Establishing Fair Market Value 14 Section 4.5. Certain Gross Proceeds Exempt from the Rebate Requirement 16 Section 4.6. Computation and Payment of Arbitrage Rebate and Yield Reduction Amounts 18 Section 4.7. Successor Rebate Analyst 19 Section 4.8. Filing Requirements 19 Section 4.9. Survival after Defeasance 19

ARBITRAGE CERTIFICATIONS AND COVENANTS. Section 3.1. General 10 Section 3.2. Reasonable Expectations 10 Section 3.3. Authority and Purpose for Bonds 11 Section 3.4. Funds and Accounts 11 Section 3.5. Amount and Use of Bond Proceeds and Other Money 11 Section 3.6. Multipurpose Issue 11 Section 3.7. No Advance Refunding 11 Section 3.8. Current Refunding 12 Section 3.9. Project Completion 12 Section 3.10. Financing Agreement/Sinking Funds 12 Section 3.11. Reserve, Replacement and Pledged Funds 12 Section 3.12. Purpose Investment Yield 12 Section 3.13. Issue Price and Yield on Bonds 12 Section 3.14. Miscellaneous Arbitrage Matters 13 Section 3.15. Conclusion 13

ARBITRAGE CERTIFICATIONS AND COVENANTS