Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, (2) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, and (3) the Yield is not less than the highest Yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.
Appears in 10 contracts
Samples: Tax Compliance Agreement, Tax Compliance Agreement, Tax Compliance Agreement
Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, (2) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, States and (3) the Yield is not less than the highest Yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.
Appears in 5 contracts
Samples: Fourth Supplemental Lease Purchase Agreement, Fourth Supplemental Lease Purchase Agreement, Tax Compliance Agreement
Certificates of Deposit. The purchase price of a certificate of deposit (a “"CD”") is treated as its fair market value on the purchase date if (1i) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, ; (2ii) the Yield yield on the CD is not less than the Yield yield on reasonably comparable direct obligations of the United States, ; and (3iii) the Yield yield is not less than the highest Yield yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.
Appears in 1 contract
Samples: Master Lease Purchase Agreement
Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, (2) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, and (3) the Yield is not less than the highest Yield published or posted by the CD issuer City to be currently available on reasonably comparable CDs offered to the public.
Appears in 1 contract
Samples: Tax Compliance Agreement
Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1i) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, ; (2ii) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, ; and (3iii) the Yield is not less than the highest Yield published or posted by the CD issuer City to be currently available on reasonably comparable CDs offered to the public.
Appears in 1 contract
Samples: Tax Compliance Agreement
Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1if(i) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, ; (2ii) the Yield yield on the CD is not less than the Yield yield on reasonably comparable direct obligations of the United States, ; and (3iii) the Yield yield is not less than the highest Yield yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.. 0095
Appears in 1 contract
Samples: Master Lease Agreement
