Guaranteed Investment Contracts. A Guaranteed Investment Contract is a Nonpurpose Investment that has specifically negotiated withdrawal or reinvestment provisions and a specifically negotiated interest rate, and also includes any agreement to supply Investments on two or more future dates (e.g., a forward supply contract). The purchase price of a Guaranteed Investment Contract is treated as its Fair Market Value on the purchase date if:
Appears in 3 contracts
Samples: Tax Regulatory Agreement (RBC Bearings INC), Tax Regulatory Agreement (Provena Foods Inc), Tax Regulatory Agreement (Roller Bearing Co of America Inc)
Guaranteed Investment Contracts. A Guaranteed Investment Contract is a Nonpurpose Investment that has includes specifically negotiated withdrawal or reinvestment provisions and a specifically negotiated interest rate, and also includes any agreement to supply Investments on two or more future dates (e.g., a forward supply contract). The purchase price of a Guaranteed Investment Contract (other than one for a yield-restricted defeasance escrow, which has additional requirements as well) is treated as its Fair Market Value on the purchase date if:
Appears in 1 contract
Samples: Tax Exemption Agreement
Guaranteed Investment Contracts. A Guaranteed Investment Contract is a Nonpurpose Investment that has specifically negotiated withdrawal or reinvestment provisions and a specifically negotiated interest rate, and also includes any agreement to supply Investments on two or more future dates (e.g.e,g,, a forward supply contract). The purchase price of a Guaranteed Investment Contract is treated as its Fair Market Value on the purchase date if:
Appears in 1 contract
Samples: Tax Regulatory Agreement (Advanced Aerodynamics & Structures Inc/)
