Laserfiche WebLink
JUL-25-02 THU 16� 10 iEPA WATER FAX N0. 217?851225 P, 09 <br /> ` (c) Th� amount on deposit in any dcbt service reserve fi�nd that is allocabie to <br /> the Loan and any Exiating Loans to thc cxtcnt it does uot cxcttd t�e least of the amaunts <br /> comput�d pursuant to(i), (ii)or(iii)below: <br /> (i) 100% of thc maximum annual debt service on the r.�an and all ' <br /> Existing Loans; � <br /> (ii) 125% of the average annaa! dcbt service on th� Loan and a11 <br /> Existing Loans; or <br /> (iii) 10% of the statcd principal aznount of the Loan and al! Existing <br /> Loans. <br /> Appendix A, Section 6. Continufng Nature�J Yie.ld Lir�its. Once mvncys are subJect to the <br /> yield limits of Appendix A, Section S above, such moneys remain yicld restricted until they <br /> cease to be moneys constitutiu�I,flaa proceeds or moncys to rcpay the Loan. <br /> Appendix A, Section 7. Federal Guurantees. Except for investrnents mactiug the <br /> requiremeats of Appendix A, Seetion S(a) or (c) flereof, investmeats of moncys in Rcstrictcd <br /> Accounts shall not be made in (a)invest�nents wnstituting obligaatxons of or guaraateed, diratly <br /> or indireetIy, by the United Siates of Amorica (except obligations of thc United Statcs Trcasury <br /> or investments in obIigations issued pursuant to Scction 21B(d)(3) of the Federal Home Loan <br /> . Bank Act, as aznended (r.�, Rcfc�rp $trips))� or (b) fcderally ins� deposits or accounts (as <br /> defined in Section 149(bx4)(B) of thc Code). Except as otherwise pesmitted in this Seetion,no <br /> portioa of thc paymcnt of priacipal vr inlerest on thc Loan or any Existing Loan is or will ba <br /> SUarantccd, directly or indircctly (in whole or in part), by the Ututed States of America (or any <br /> agcucy or iastrumentaiity thereo�, including a lease, iacentive payment, research or output <br /> contract or any similar arrangement, agreement or undcrstandutg with tha United States of <br /> America or any agency or instrumentality tliereof. No portion of thc moncys constituting Loan <br /> proceeds or moneys to repay tho Loan has been or will bc used t� mal►e Ioa�s the paymart af <br /> principal or interest with respect to which is or will bc guarauteed (in whole or in part) by the <br /> United States of America (or any agency or iastnun�ntality thereo fl. A federal guarantee does <br /> not includo any guarautee by the Fcdoral Housing Administration, tl�e Federal National <br /> Mortgagc Association, the Federal Hame Loan Mortgage Corporarioq the Government Natioaal <br /> Mortgage Association, thc Student Loan Markering Assxiation or the BonneviIIo Powcr <br /> Administration pvrsuant to the Northwest Power Act (16 U.S.C. 839d) as in cffcct on thc datc of <br /> enactment ofthe Tax Reform Act of 1984. <br /> Appendix.�, Section 8. Xebate. A,mounts in the Restricted Funds except as noted herein are <br /> subjact to th�e Rebate requirement. Thc Rccipi�nt is responsible for calculating the amount of <br /> rebate if any duc on such funcis �r lccounts including those listed in Appendir C. Such rebate <br /> calculations shall be bas�d on bond yields equal to yields provided from time to �ime by thc <br /> Agcncy. Such rcUatc cuiuputativns shall be based upon a bond year endtng �Mareh i 5 o.f cach <br /> year, and installmcnt computation datcs of March 15, 2007, and sucfl other dates as may bc <br /> Provided by the 4gency from time to time. Such computations shall ig�orc"rebate credits" and <br /> sh�]1 uor refloct aray hold back amount permittcd undcr thc rcgulations. Por cxample,L12C IC�4�C <br /> A-3 <br /> m c��►A,�a�c�,nP�,�,Zooi (vE�vM.o>> <br />