Laserfiche WebLink
with respect to the 1992 Bonds as of each Installment Computation <br /> Date, (b) 100 percent of the Rebatable Arbitrage with respect to <br /> the 1992 Bonds as of the Final Computation Date and (c) any <br /> income attributable to such Rebatable Arbitrage. <br /> (b) Computation of Rebatable Arbitrage . The <br /> Rebatable Arbitrage with respect to the 1992 Bonds computed in <br /> accordance with the Rebate Computation Certificate and, as of <br /> each Computation Date, will be the excess of: <br /> I . The future value of all Nonpurpose Receipts with <br /> respect to the 1992 Bonds; over <br /> II . The future value of all Nonpurpose Payments with <br /> respect to the 1992 Bonds . <br /> The future value will be computed as of each Computation Date . <br /> (c) Payment Procedure. <br /> (I) The payment of Rebatable Arbitrage due as of each <br /> Installment Computation Date will be paid no later than the date <br /> that is 60 days after the Installment Computation Date . <br /> (II) The payment of Rebatable Arbitrage due as of the <br /> Final Computation Date will be paid no later than the latest of <br /> (i) the date that is 60 days after the Final Computation Date, <br /> (ii) the date that is 8 months after the date of issuance of the <br /> 1992 Bonds, or (iii) the date 60 days after the earlier of the <br /> date that the City no longer expects to spend gross proceeds of <br /> the 1992 Bonds within 6 months of the date of issuance of the <br /> 1992 Bonds or 12 months after the date of issuance of the 1992 <br /> Bonds . <br /> 47 FWW003.00C 97109/21 <br />