Common use of Arbitrage Rebate Clause in Contracts

Arbitrage Rebate. As required by Section 2.8, the Company will pay to or for the account of the Authority all amounts needed to comply with the requirements of Section 148 of the Code, concerning arbitrage bonds, including Section 148(f), which requires generally a rebate payment to the United States of America of arbitrage profit from investment of the proceeds of the Bonds in obligations other than tax-exempt obligations. The obligation of the Company to make such payments is unconditional and is not limited to funds representing the proceeds of the Bonds or income from the investment thereof or any other particular source.

Appears in 3 contracts

Samples: Exempt Facilities Loan Agreement (PPL Electric Utilities Corp), Exempt Facilities Loan Agreement (PPL Energy Supply LLC), Series 2008b Exempt Facilities Loan Agreement (PPL Energy Supply LLC)

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Arbitrage Rebate. As required by Section 2.8, the Company will pay to or for the account of the Authority Issuer all amounts needed to comply with the requirements of Section 148 of the Code, concerning arbitrage bonds, including Section 148(f), which requires generally a rebate payment to the United States of America of arbitrage profit from investment of the proceeds of the Bonds in obligations other than tax-exempt obligations. The obligation of the Company to make such payments is unconditional and is not limited to funds representing the proceeds of the Bonds or income from the investment thereof or any other particular source.

Appears in 2 contracts

Samples: Exempt Facilities Loan Agreement (Allegheny Energy, Inc), Exempt Facilities Loan Agreement (Allegheny Energy, Inc)

Arbitrage Rebate. As required by Section 2.82.04, the Company will pay to or for the account of the Authority Issuer all amounts needed to comply with the requirements of Section 148 of the Code, concerning arbitrage bonds, including Section 148(f), which requires generally a rebate payment to the United States of America of arbitrage profit from investment of the proceeds of the Bonds in obligations other than tax-exempt tax‑exempt obligations. The obligation of the Company to make such payments is unconditional and is not limited to funds representing the proceeds of the Bonds or income from the investment thereof or any other particular source.

Appears in 1 contract

Samples: Exempt Facilities Loan Agreement (Potomac Electric Power Co)

Arbitrage Rebate. As required by Section 2.82.04, the Company will pay to or for the account of the Authority Issuer all amounts needed to comply with the requirements of Section 148 of the Code, concerning arbitrage bonds, including Section 148(f), which requires generally a rebate payment to the United States of America of arbitrage profit from investment of the proceeds of the Bonds in obligations other than tax-exempt obligations. The obligation of the Company to make such payments is unconditional and is not limited to funds representing the proceeds of the Bonds or income from the investment thereof or any other particular source.

Appears in 1 contract

Samples: Pollution Control Facilities Loan Agreement (Atlantic City Electric Co)

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Arbitrage Rebate. As required by Section 2.83.11 hereof, the Company will pay to to, or for the account of of, the Authority Issuer all amounts needed to comply with the requirements of Section 148 of the Code, concerning arbitrage bonds, including Section 148(f), which requires generally a rebate payment to the United States of America of arbitrage profit from investment of the proceeds of the Bonds in obligations other than tax-exempt obligations. The obligation of the Company to make such payments is unconditional and is not limited to funds representing the proceeds of the Bonds or income from the investment thereof or any other particular source.

Appears in 1 contract

Samples: Facilities Loan Agreement (Delmarva Power & Light Co /De/)

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