Bond Yield. The yield on the Bonds will be computed separately for each Computation Period. The yield on the Bonds for a Computation Period (the "BOND YIELD") generally means that discount rate that, when used in computing the present value on the first day of the Computation Period of all payments of principal, interest and fees for qualified guarantees on the Bonds attributable to the Computation Period produces an amount equal to the present value, using the same discount rate on the first day of the Computation Period of the aggregate issue prices of the Bonds (defined as the initial offering prices or yields to the public, excluding bond houses, brokers or similar persons or organizations acting in the capacity of underwriters or wholesalers, at which price or yield a substantial amount of such Bonds and maturity was sold), or the deemed issue prices of the Bonds within the meaning of Treasury Regulations Section 1.148-4(c)(2)(iv). For this purpose, any mandatory sinking fund payments required to be made with respect to the Bonds shall be taken into account. The present value of the aggregate issue prices of the Bonds cannot be determined until the last draw by the Company of Proceeds of the Bonds. The Bond Yield for a Computation Period will be affected if the Issuer or the Company either enters into a hedging transaction with respect to the Bonds, within the meaning of Treasury Regulations Section 1.148-4(h)(3) or, transfers, waives, modifies or enters into any similar transaction affecting any right that is part of the terms of a Bond. Prior to entering into any transaction described in the immediately preceding sentence, the Authority and the Company, as the case may be, shall inform Bond Counsel of its intent and -------------------------------------------------------------------------------- 5 - Tax Certificate 10 shall not enter into such transaction without receiving a prior written opinion from Bond Counsel that such transaction will not adversely affect the exclusion from gross income of interest on the Bonds.
Bond Yield. For purposes of determining the Yield on the Bonds, the Purchase Price is the initial offering price of the Bonds to the public or, if privately placed, the price paid by the first buyer of the Bonds or the acquisition cost of the first buyer. Prior to the Conversion Date, (i) for purposes of the Computation of Investment Excess, the Yield on the Bonds shall be based on actual payments of principal and interest for the applicable computation period (taking into account any discount or premium on a constant yield to maturity basis); (ii) for purposes of the Investment Limitation, the expected Yield on the Bonds shall be computed on the date of issue, assuming an interest rate of __ percent per annum, and shall be recomputed on the first day of each Bond Year
Bond Yield. Based on the issue price, the Yield on the Bonds is %, as computed by Bond Counsel as shown on Exhibit F. Neither the County nor the Corporation has entered into an interest rate swap agreement with respect to any portion of the proceeds of the Bonds.
Bond Yield. Because the Bonds will bear interest at variable rates the Bond Yield cannot be computed at this time. Neither the County nor the Corporation has entered into an interest rate swap agreement with respect to any portion of the proceeds of the Bonds.
Bond Yield. Based on the Offering Price, the Yield on the Note is %, as computed by Bond Counsel as shown on Exhibit B. The City and the Corporation will apply Section 1.148-4(b)(3)(i) of the Regulations as amended by the Proposed Regulations (relating to the treatment of certain bonds subject to optional early redemption – so-called “yield-to-call bonds”) to the Note. Neither the City nor the Corporation has entered into an interest rate swap agreement with respect to any portion of the proceeds of the Note.
Bond Yield. Based on the Offering Prices, the Yield on the Bonds is %, as computed by Bond Counsel as shown on Exhibit A. The City has entered into an interest rate swap agreement with respect to any portion of the proceeds of the Bonds.
Bond Yield. Based on the Offering Prices, the Yield on the Bonds is %, as computed by Bond Counsel as shown on Exhibit . The Issuer and the Institution will apply Regulations § 1.148-4(b)(3)(i) as amended by the Proposed Regulations (relating to the treatment of certain bonds subject to optional early redemption – so-called “yield-to-call bonds”). Neither the Issuer nor the Institution has entered into an interest rate swap agreement with respect to any portion of the proceeds of the Bonds.
Bond Yield. Based on the Offering Prices, and the issue dates of the Bonds, the Yield on the Bonds is %, as computed by Bond Counsel as shown on Exhibit C. Costs of Issuance were not taken into account in this computation.
Bond Yield. Based on the issue price of the Bonds, the Yield on the Bonds is [ ]%, as computed by Bond Counsel as shown on Exhibit A. The City has not entered into an interest rate swap agreement with respect to any portion of the proceeds of the Bonds.
