Common use of Not to Divert Arbitrage Profits Clause in Contracts

Not to Divert Arbitrage Profits. Except to the extent permitted by section 148 of the Code and the Tax Regulations and rulings thereunder, the Authority shall not, at any time prior to the final maturity of the Tax-Exempt 2016 Bonds, enter into any transaction that reduces the amount required to be paid to the United States pursuant to paragraph (h) of this Section because such transaction results in a smaller profit or a larger loss than would have resulted if the transaction had been at arm’s length and had the Yield on the Tax-Exempt 2016 Bonds not been relevant to either party.

Not to Divert Arbitrage Profits. Except to the extent permitted by section 148 of the Code and the Tax Regulations and rulings thereunder, the Authority shall not, at any time prior to the final maturity of the Tax-Exempt 2016 2022 Bonds, enter into any transaction that reduces the amount required to be paid to the United States pursuant to paragraph (h) of this Section because such transaction results in a smaller profit or a larger loss than would have resulted if the transaction had been at arm’s length and had the Yield on the Tax-Exempt 2016 2022 Bonds not been relevant to either party.

Not to Divert Arbitrage Profits. Except to the extent permitted by section 148 of the Code and the Tax Treasury Regulations and rulings thereunder, the Authority shall not, at any time prior to the final maturity of the Tax-Exempt 2016 2022 Bonds, enter into any transaction that reduces the amount required to be paid to the United States pursuant to paragraph (h) of this Section because such transaction results in a smaller profit or a larger loss than would have resulted if the transaction had been at arm’s length and had the Yield on the Tax-Exempt 2016 2022 Bonds not been relevant to either party.

Not to Divert Arbitrage Profits. Except to the extent permitted by section Section 148 of the Code and the Tax Regulations and rulings thereunder, neither the Agency nor the Authority shall notshall, at any time prior to the final maturity cancellation of the Tax-Exempt 2016 Bondslast of the Bonds to be retired, enter into any transaction that reduces the amount required to be paid to the United States pursuant to paragraph (h) of this Section because such transaction results in a smaller profit or a larger loss than would have resulted if the transaction had been at arm’s length and had the Yield Yields on the Tax-Exempt 2016 Bonds not been relevant to either party.

Not to Divert Arbitrage Profits. Except to the extent permitted by section 148 of the Code and the Tax Regulations and rulings thereunder, the Authority shall not, at any time prior to the final maturity of the Tax-Exempt 2016 2020 Bonds, enter into any transaction that reduces the amount required to be paid to the United States pursuant to paragraph (h) of this Section because such transaction results in a smaller profit or a larger loss than would have resulted if the transaction had been at arm’s length and had the Yield on the Tax-Exempt 2016 2020 Bonds not been relevant to either party.