Ordinance 2009-323 - Laserfiche WebLink

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sixty (60) days after the Installment Computation Date or Final Computation Date, as applicable. Payments of rebate installments will be made to the Internal Revenue Service at such office as may be required by law. The payments will be accompanied by Form 8038-T. 16. For purposes hereof, the term "Installment Computation Date" means the last day of the fifth (5th) and each succeeding fifth Bond Year. Thus, the first Installment Computation Date is June 8, 2014. 17. For purposes hereof, the term "Final Computation Date" means the date the Note is fully discharged. 18. For purposes hereof, the term "Bond Year" means a one year period beginning on and including a June 9 and ending on and including the next succeeding June 8, except that the first Bond Year begins on the date of issuance of the Note and ends on June 8,2014. 19. For purposes ofthose provisions ofTreas. Reg. Section 1.148-7(e) through (m) that apply based upon the City's reasonable expectations, the City elects to have those provisions apply based upon actual facts. 20. The City reasonably expects that at least 85% of the spendable proceeds of the Note will be spent for the governmental purposes of the Note within the three-year period beginning on the date hereof, and not more than 50% of the proceeds of the Note are being invested in non-purpose investments having a substantially guaranteed yield for four years or more. 21. Terms used herein in capitalized form and not otherwise defined herein shall have the same meaning as ascribed thereto in the Note Resolution and in the Arbitrage Regulations. 22. Anything in this Certificate to the contrary notwithstanding, if the Code or Arbitrage Regulations should be modified or interpreted by the Treasury Department or by a court of competent jurisdiction or held invalid by a court of competent jurisdiction and the effect of the 5