Maintenance of Tax-Exempt Status of Bonds. No Loan Party shall take any action or omit to take any action which, if taken or omitted, would adversely affect the tax-exempt status of the Bonds (other than with respect to any Bonds owned by a Substantial User).
Maintenance of Tax-Exempt Status of Bonds. Neither the County nor the Authority shall take any action or omit to take any action which, if taken or omitted, could result in a Determination of Taxability.
Maintenance of Tax-Exempt Status of Bonds. The Company shall not take any action or omit to take any action which, if taken or omitted, would adversely affect the tax-exempt status of the Bonds.
Maintenance of Tax-Exempt Status of Bonds. The Authority shall not take any action or omit to take any action which, if taken or omitted, would adversely affect the excludability of interest on the Bonds from gross income for purposes of federal income taxation or the exemption of such interest from Commonwealth of Pennsylvania personal income taxes.
Maintenance of Tax-Exempt Status of Bonds. The Authority will not take any action or omit to take any action which, if taken or omitted, would adversely affect the exclusion of interest on any Bond or Purchased Bond from gross income for federal income tax purposes or from personal income taxes levied by the Commonwealth or of such Bond or Purchased Bond from local personal property taxes levied by any political subdivision thereof.
Maintenance of Tax-Exempt Status of Bonds. (a) Neither the Borrower nor the Issuer shall use, permit the use of, or omit to use Gross Proceeds or any other amounts (or any property acquired, constructed, or improved with Gross Proceeds) in a manner which, if made or omitted, respectively, would cause interest on any Bond to become includable in the gross income, as defined in Section 61 of the Code, of the owners thereof for federal income tax purposes. Without limiting the generality of the foregoing, unless and until the Borrower and the Issuer shall have received an Opinion of Counsel to the effect that failure to comply with such covenant will not adversely affect any exemption from federal income tax of interest on any Bond, the Borrower and the Issuer shall comply with each of the specific covenants in this Section.
Maintenance of Tax-Exempt Status of Bonds. The Authority shall not take any action or omit to take any action which, if taken or omitted, would adversely affect the tax-exempt status of the Tax-Exempt Bonds.
Maintenance of Tax-Exempt Status of Bonds. The Commission shall not take any action or omit to take any action which, if taken or omitted, would adversely affect the tax-exempt status of the Bonds.
Maintenance of Tax-Exempt Status of Bonds. The District shall not take any action or omit to take any action which, if taken or omitted, would adversely affect the tax‑exempt status of the Tax-Exempt Bonds.
Maintenance of Tax-Exempt Status of Bonds
