Transferred Proceeds. All of the sale and investment proceeds of the Refunded Agreement, including any investment proceeds therefrom, have been expended for the governmental purposes for which the Refunded Agreement was issued and delivered in accordance with the certificates and proceedings of the Lessee delivered in connection with the Refunded Agreement. There are no transferred proceeds (as defined in Treas. Reg. Section 1.148-9) of the Master Agreement from the Refunded Agreement.
Appears in 2 contracts
Sources: Tax Certificate and Agreement, Tax Certificate and Agreement