Hedge Bonds. The Issuer reasonably expects that at least 85% of the net sale proceeds (the sale proceeds of the Lease Agreement less any sale proceeds invested in a reserve fund) of the Lease Agreement will be used to carry out the governmental purpose of the Lease Agreement within 3 years after the Closing Date, and not more than 50% of the proceeds of the Lease Agreement will be invested in Investments having a substantially guaranteed Yield for 4 years or more.
Hedge Bonds. At least 85% of the net sale proceeds of the Certificates will be used to carry out the governmental purpose of the Certificates within three years after the Issue Date, and not more than 50% of the proceeds of the Certificates will be invested in Investments having a substantially guaranteed Yield for four years or more.
Hedge Bonds. At least 85% of the net sale proceeds (the sale proceeds of the Original Obligations less any sale proceeds invested in a reserve fund) of the Original Obligations were used to carry out the governmental purpose of the Original Obligations within 3 years after the issue date of the Original Obligations, and not more than 50% of the proceeds of the Original Obligations were invested in Investments having a substantially guaranteed Yield for 4 years or more.
Hedge Bonds. At least 85% of the net sale proceeds (the sale proceeds of the New Money Portion less any sale proceeds invested in a reserve fund) of the New Money Portion will be used to carry out the governmental purpose of the New Money Portion within 3 years after the Issue Date, and not more than 50% of the proceeds of the New Money Portion will be invested in Investments having a substantially guaranteed Yield for 4 years or more. At least 85% of the net sale proceeds (the sale proceeds of the Original Obligations less any sale proceeds invested in a reserve fund) of the Original Obligations were used to carry out the governmental purpose of the Original Obligations within 3 years after the issue date of the Original Obligations, and not more than 50% of the proceeds of the Original Obligations were invested in Investments having a substantially guaranteed Yield for 4 years or more.
Hedge Bonds. The Participant expects that at least 85% of the net sale proceeds of the Bonds will be used to carry out the governmental purpose of the Bonds within three years after the Issue Date.
Hedge Bonds. The Agency will make no use of the proceeds of the 2009A Bonds or any other amounts or property, regardless of the source, or take any action or refrain from taking any action that would cause the 2009A Bonds to be considered “hedge bonds” within the meaning of Section 149(g) of the Tax Code unless the Agency takes all necessary action to assure compliance with the requirements of Section 149(g) of the Tax Code to maintain the exclusion from gross income of interest on the 2009A Bonds for federal income tax purposes; and
Hedge Bonds. The District will make no use of any proceeds of this Installment Purchase Agreement or any other amounts or property, regardless of the source, and will not take any action or refrain from taking any action that would cause the Series 2023 Installment Payments to be considered “hedge bonds” within the meaning of Section 149(g) of the Code unless the District takes all necessary action to assure compliance with the requirements of Section 149(g) of the Code to maintain the exclusion from gross income of the interest component of the Series 2023 Installment Payments for federal income tax purposes.
Hedge Bonds. The Corporation expects that (1) at least 85% of the net sale proceeds (the sale proceeds of the Note less any sale proceeds invested in a reserve fund) will be used to carry out the governmental purpose of the Note within 3 years after the Issue Date, and (2) not more than 50% of the proceeds of the Note will be invested in investments having a substantially guaranteed yield for 4 years or more. At least 85% of the net sale proceeds of the Original Obligation (the sale proceeds of the Original Obligation less any sale proceeds invested in a reserve fund) were used to carry out the governmental purpose of the Original Obligation within 3 years after the issue date of such obligations, and not more than 50% of the proceeds of the Original Obligation were invested in investments having a substantially guaranteed yield for 4 years or more.
Hedge Bonds. The Agency and the Authority will make no use of the proceeds of the 2020A Bonds or any other amounts or property, regardless of the source, or take any action or refrain from taking any action that would cause the 2020A Bonds to be considered “hedge bonds” within the meaning of Section 149(g) of the Code unless the Agency and the Authority take all necessary action to assure compliance with the requirements of Section 149(g) of the Code to maintain the exclusion from gross income of interest on the 2020A Bonds for federal income tax purposes.
Hedge Bonds. The District will make no use of the proceeds of the Bonds or any Parity Bonds or any other amounts or property, regardless of the source, or take any action or refrain from taking any action that would cause the Bonds or any Parity Bonds issued on a tax- exempt basis for federal income tax purposes to be considered “hedge bonds” within the meaning of Section 149(g) of the Code unless the District takes all necessary action to assure compliance with the requirements of Section 149(g) of the Code to maintain the exclusion from gross income for federal income tax purposes of interest on the Bonds and any applicable Parity Bonds.
