Common use of Maintenance of Tax-Exemption Clause in Contracts

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.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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Maintenance of Tax-Exemption. The District and the Authority shall take all actions necessary to assure the exclusion of interest with respect to on the Certificates Bonds from the gross income of the Owners of the Certificates Bonds 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 Datedate of issuance of the Bonds.

Appears in 2 contracts

Samples: Installment Sale Agreement, Installment Sale Agreement

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.

Appears in 2 contracts

Samples: Trust Agreement, Installment Sale Agreement

Maintenance of Tax-Exemption. The District and the Authority shall take all actions necessary to assure the exclusion of interest with respect to on the Certificates Bonds from the gross income of the Owners of the Certificates Bonds 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 Datedate of issuance of the Bonds.

Appears in 2 contracts

Samples: Paying Agent Agreement, Paying Agent Agreement

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 this Lease from the gross income of the Owners of the Certificates Lender 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 Datedate of execution and delivery of this Lease.

Appears in 1 contract

Samples: Lease Agreement

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Maintenance of Tax-Exemption. The District and the Authority County shall take all actions necessary to assure the exclusion of interest with respect to on the Certificates Bonds from the gross income of the Owners of the Certificates Bonds 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 Datedate of issuance of the Bonds.

Appears in 1 contract

Samples: Fiscal Agent Agreement

Maintenance of Tax-Exemption. The District and the Authority shall take all actions necessary to assure the exclusion of interest with respect to on the Certificates Bonds from the gross income of the Owners owners of the Certificates Bonds 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 Datedate of issuance of the Bonds.

Appears in 1 contract

Samples: Fiscal Agent Agreement

Maintenance of Tax-Exemption. The District and the Authority shall take all actions necessary to assure the exclusion of interest with respect to on the Certificates applicable series of bonds from the gross income of the Owners owners of the Certificates said bonds 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.

Appears in 1 contract

Samples: Paying Agent Agreement

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