Yield Reduction Payments definition

Yield Reduction Payments means payments made to the United States with respect to any Nonpurpose Investment allocated to the Bonds that (i) are paid at the same time and the same manner as Rebate Amounts are required to be paid and (ii) are paid with respect to Investments that are allocable to Gross Proceeds that previously qualified for a temporary investment period that has since expired.
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Yield Reduction Payments means amounts paid in accordance with section 1.148- 5(c) of the Regulations that are treated as payments that reduce the yield on an investment.
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Yield Reduction Payments means payments made to the United States with respect to any Nonpurpose Investment allocated to the Obligation for the purpose of reducing the Yield on such Investments, such payments to be made (a) at the same time and the same manner as Rebate Amounts are required to be paid and (b) with respect to Investments that are allocable (i) to Gross Proceeds of the Obligation that previously qualified for a temporary investment period available for Capital Projects, Restricted Working Capital Expenditures, pooled financings or Investment Proceeds, or (ii) to the Obligation during any Computation Period in which at least five percent (5 %) of the Value of the Obligation are Variable Yield Bonds.
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Examples of Yield Reduction Payments in a sentence

  • Such Yield Reduction Payments must be made by the Locality at the same time and in the same manner as the Rebate Requirement is required to be paid.

  • For purposes of calculating any Rebate Payments and Yield Reduction Payments due in Connection with the Bonds, the amount of the Reserve Fund allocable to the Financing Agreement will be determined in accordance with Treas.

  • Except for an amount equal to the Minor Portion and amounts in Reasonably Required Reserve or Replacement Funds, neither the Gross Proceeds of the Financing Agreement nor any Disposition Proceeds of the Financing Agreement may be invested at a Materially Higher Yield after the expiration of any Applicable Temporary Periods, unless any permitted Yield Reduction Payments are made.

  • The Regulations require payment of any Yield Reduction Payments to the United States of America in the same manner as Rebate Payments.

  • Each Rebate Analyst must be either a firm of independent accountants or Bond Counsel or another entity experienced in calculating Rebate Amount and Yield Reduction Payments required by Section 148(f) of the Code or the Regulations.

  • Each payment must be accompanied by a statement summarizing the determination of the Rebate Amount and any Yield Reduction Payments.

  • By the end of each and every fifth Bond Year and upon the final maturity date of the Bonds or any earlier date of redemption of the Bonds in whole (each such date a Computation Date), the Borrower must cause a Rebate Analyst to determine the Rebate Amount and Yield Reduction Payments, if any, to be paid to the United States of America.

  • Not later than 60 days after each Installment Computation Date (or such longer period as may be permitted by the Regulations), the Borrower must pay to the United States of America an amount that, when added to the Future Value as of such Computation Date of previous Rebate Amount payments made for the Bonds, equals at least 90 percent of the Rebate Amount and 100 percent of any Yield Reduction Payments required to be on deposit in the Rebate Fund with respect to the Bonds as of such payment date.

  • Payments in respect of Nonpurpose Investments include the Computation Credit and any Yield Reduction Payments made on Nonpurpose Investments.

  • The Borrower may direct that any overpayment of Rebate Amount or Yield Reduction Payments may be recovered from any payments previously paid to the United States of America pursuant to Section 1.148-3(i) of the Regulations.


More Definitions of Yield Reduction Payments

Yield Reduction Payments means the payments described in Section 8.7.
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Yield Reduction Payments means payments made to the United States with respect to any Nonpurpose Investment allocated to the Bonds that (i) are paid at the same time and the same manner as Rebate Amounts are required to be paid and (ii) are paid with respect to Investments that are allocable to Gross Proceeds that previously qualified for a temporary investment period that has since expired. The words “hereof’, “herein”, “hereto”, “hereby” and “hereunder” refer to this entire Agreement. Unless otherwise indicated, all references to particular Articles or Sections are references to the Articles or Sections of this Agreement. References to any time of the day in this Agreement shall refer to Eastern standard time or Eastern daylight saving time, as in effect in the State of New Jersey on such day. Capitalized terms used herein and not defined herein shall have the same meanings ascribed to them in the Indenture. All accounting terms not otherwise defined herein have the respective meanings assigned to them in accordance with generally accepted accounting principles.
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Related to Yield Reduction Payments

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Principal Payments For any Purchased Asset, all payments and prepayments of principal received for such Purchased Asset, including insurance and condemnation proceeds which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied and recoveries of principal from liquidation or foreclosure which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Principal Relocation Payment A payment from any Loan Group to REMIC 1 Regular Interests other than those of their corresponding Loan Group as provided in the Preliminary Statement. Principal Relocation Payments shall be made of principal allocations comprising the Principal Amount from a Loan Group.