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.
Appears in 2 contracts
Maintenance of Tax-Exemption. The Borrower Governmental Lender 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.
Appears in 2 contracts
Samples: Funding Loan Agreement, Funding Loan Agreement
Maintenance of Tax-Exemption. The Borrower Governmental Lender shall take all actions necessary to assure the exclusion of interest on the Governmental Lender Note Notes from the gross income of the owners of the Governmental Lender Note Notes 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 NoteNotes.
Appears in 1 contract
Samples: Funding Loan Agreement