Available Project Proceeds means— ‘‘(A) the excess of—
Available Project Proceeds means (a) the excess of: (i) the proceeds from the assignment and transfer of certain rights of the Bank under this Lease and the Site Lease to the Assignee pursuant to the Assignment Agreement, less (b) Costs of Issuance (not exceeding two percent (2.0%) of such proceeds), plus (c) investment earnings on the difference between (a) – (b).
Available Project Proceeds means (i) the proceeds from the sale of the Bonds, (ii) less costs of issuing the Bonds paid from proceeds of the sale of the Bonds (not exceeding 2% of the proceeds of the sale thereof), plus (iii) investment earnings on the difference between (i) - (ii).
Examples of Available Project Proceeds in a sentence
Timely expenditure of bond proceeds, including earnings on Available Project Proceeds.
Calculation of Available Project Proceeds, including estimated earnings on Available Project Proceeds.
Expenditure of 100% of Available Project Proceeds, including estimated earnings, on capital expenditures.
Natural stone from the Estate may be made available on request for cladding or aesthetics at the discretion of the Building Committee.
All Available Project Proceeds of the Lease will be spent on capital expenditures with a reasonably expected economic life of one year or more.
More Definitions of Available Project Proceeds
Available Project Proceeds means the sale proceeds of the Bonds, plus Investment earnings on those proceeds, reduced by (1) proceeds used to pay Issuance Costs (to the extent those costs do not exceed 2% of the sale proceeds) and (2) proceeds deposited in a reasonably required reserve or replacement fund.
Available Project Proceeds means (i) the excess of the proceeds from the sale of the Series 2013 Bonds over the issuance costs financed by the Series 2013 Bonds and (ii) the proceeds from any investment of the excess described in clause (i).
Available Project Proceeds means: (1) the excess of the proceeds from the sale of an issue over the issuance costs (not to exceed two percent of such proceeds) and (2) the proceeds from any investment of the excess.
Available Project Proceeds means (A) the excess of (i) the proceeds of sale of the 2016F Bonds, over (ii) the issuance costs financed by the 2016F Bonds (to the extent that such costs do not exceed two percent of such proceeds), and (B) the proceeds from any investment of such excess.
Available Project Proceeds means proceeds of the sale of the Bonds other than proceeds used to pay costs of issuance (not to exceed 2 percent thereof) plus proceeds received from investing the proceeds of the sale of the Bonds.
Available Project Proceeds means “available project proceeds” as defined in Section 54A(e)(4), being the sum of (A) the excess of (i) Sale Proceeds over (ii) Issuance Costs paid with Sale Proceeds (to the extent that such Issuance Costs do not exceed 2% of Sale Proceeds) plus (B) Proceeds actually or constructively received from any investment of such excess.
Available Project Proceeds means the excess of the proceeds from the sale of the Bonds over issuance costs with respect to the issuance of the Bonds to the extent such costs do not exceed 2% of such proceeds, plus the proceeds from any investment of such excess, as further provided in the Tax Certificate.