Maintenance of Tax-Exemption. The City shall take all actions necessary to assure the exclusion of interest with respect to the Tax-Exempt Bonds from the gross income of the Owners of such Bonds to the same extent as such interest is permitted to be excluded from gross income under the Code as in effect on the applicable Closing Date.
Maintenance of Tax-Exemption. The District and the Authority shall take all actions necessary to assure the exclusion of interest with respect to the Certificates from the gross income of the Owners of the Certificates to the same extent as such interest is permitted to be excluded from gross income under the Tax Code as in effect on the Closing Date.
Maintenance of Tax-Exemption. The Borrower shall take all actions necessary to assure the exclusion of interest on the Governmental Lender Note from the gross income of the owners of the Governmental Lender Note to the same extent as such interest is permitted to be excluded from gross income under the Code as in effect on the date of issuance of the Governmental Lender Note.
Maintenance of Tax-Exemption. The Successor Agency shall take all actions necessary to assure the exclusion of interest on the 2019A Bonds from the gross income of the Owners of the 2019A Bonds to the same extent as such interest is permitted to be excluded from gross income under the Code as in effect on the date of issuance of the 2019A Bonds.
Maintenance of Tax-Exemption. The Guarantor represents that it has not taken any action, and it knows of no action that any other Person has taken, which would cause interest on the Bonds to be includible in the gross income of the holder thereof for federal income tax purposes, and covenants that it will not take any action or omit to take any action at any time, or permit any Person to take any action or omit to take any action at any time, which action or omission would result in the loss of the exemption from federal income taxation of the interest on the Bonds; provided that no such representation or covenant is made with respect to any Bonds for any period during which they are held by a “substantial user” or a “related person” as those terms are used in Section 147 of the Code. The Guarantor further represents that it will not take or omit to take any action, or permit any Person to take any action or omit to take any action, which action or omission will in any way cause the proceeds from the sale of the Bonds to be applied, or result in such proceeds being applied, in any manner other than as provided in the Indenture and the Lease Agreement.
Maintenance of Tax-Exemption. The Authority shall take all actions necessary to assure the exclusion of interest on the Bonds from the gross income of the Owners of the Bonds to the same extent as such interest is permitted to be excluded from gross income under the Code as in effect on the Closing Date.
Maintenance of Tax-Exemption. The Lessee will take all actions necessary to assure the exclusion of the interest component of Rental Payments under any Lease from the gross income of the owner thereof to the same extent as such interest is permitted to be excluded from gross income under the Code as in effect on the date of delivery of the applicable Lease.
Maintenance of Tax-Exemption. The Guarantor represents that he has not taken any action, and he knows of no action that any other Person has taken, which would cause interest on the Bonds to be includible in the gross income of the holder thereof for federal income tax purposes, and covenant that he will not take any action or omit to take any action at any time, which action or omission would result in the loss of the exemption from federal income taxation of the interest on the Bonds; provided that no such representation or covenant is made with respect to any Bonds for any period during which they are held by a "substantial user" or a "related person" as those terms are used in Section 147 of the Code. The Guarantor further represents that he will not take or omit to take any action, or permit any Person to take any action or omit to take any action, which action or omission will in any way cause the proceeds from the sale of the Bonds to be applied, or result in such proceeds being applied, in any manner other than as provided in the Financing Documents
Maintenance of Tax-Exemption. The County shall take all actions necessary to assure the exclusion of interest on the 2013 Bonds from the gross income of the owners of the 2013 Bonds to the same extent as such interest is permitted to be excluded from gross income under the Code as in effect on the date of issuance of the 2013 Bonds.
Maintenance of Tax-Exemption. The County shall take all actions necessary to assure the exclusion of interest with respect to the Certificates from the gross income of the Owners of the Certificates to the same extent as such interest is permitted to be excluded from gross income under the Tax Code as in effect on the Closing Date.
