Minor Portion definition

Minor Portion means the lesser of $100,000 or 5% of the sale proceeds of the Bonds.
Minor Portion means an amount equal to the lesser of $100,000 or 5% of the Sale Proceeds of an issue.
Minor Portion means the lesser of $100,000 or 5% of the sale proceeds of the Certificates.

Examples of Minor Portion in a sentence

  • In addition to the amounts described above, Gross Proceeds not exceeding the Minor Portion may be invested without Yield restriction.

  • Such Minor Portion may be invested in Higher Yielding Investments with respect to the Issue.

  • The Minor Portion is equal to the lesser of 5% of the Sale Proceeds of the Issue and $100,000.

  • Any Sale Proceeds that remain unspent on the third anniversary of the Issuance Date, which is the expiration date of the Temporary Period for such Proceeds, shall not be invested in Higher Yielding Investments with respect to the Issue after that date except as part of the Minor Portion.

  • In addition to the amounts described above, Gross Proceeds not exceeding the Minor Portion may be invested without yield restriction.


More Definitions of Minor Portion

Minor Portion means $100,000.
Minor Portion means, in general, a minor portion as defined in section 148(e) of
Minor Portion means an amount of the Proceeds of Governmental Obligations, other than Proceeds invested in a Reasonably Required Reserve or Replacement Fund or Proceeds invested during an Applicable Temporary Period, not in excess of the lesser of (i) 5% of the Proceeds of the Financing Agreement, or (ii) $100,000. "No-Arbitrage Certificate" means the "Certificate under Sections 103(b)(2) and 148 of the Internal Revenue Code of 1986, as Amended," for the Bonds and the Financing Agreement given by the Participant, including certifications given with respect thereto by the Financial Advisor.
Minor Portion means the lesser of $100,000 or 5% of the sale proceeds of the Lease.
Minor Portion has the meaning set forth in Section 4.2 herein.
Minor Portion means Gross Proceeds of the Series 2014 Bonds not exceeding the lesser of (a) $100,000 and (b) five percent of the Sale Proceeds of the Series 2014 Bonds, referred to the minor portion in Section 148(c) of the Code.
Minor Portion means the lesser of $100,000 or 5% of the sale proceeds of the Note.