Common use of Section 20 Subsidiaries Clause in Contracts

Section 20 Subsidiaries. The Borrower does not intend to use and shall not use any portion of the proceeds of the Bonds, directly or indirectly (i) knowingly to purchase any Ineligible Securities from a Section 20 Subsidiary during any period in which such Section 20 Subsidiary makes a market in such Ineligible Securities, (ii) knowingly to purchase during the underwriting or placement period Ineligible Securities being underwritten or privately placed by a Section 20 Subsidiary, or (iii) to make payments of principal or interest on Ineligible Securities underwritten or privately placed by a Section 20 Subsidiary and issued by or for the benefit of the Borrower or any Affiliate of the Borrower.

Section 20 Subsidiaries. The Borrower does not intend to use and shall not will not, directly or indirectly, use any portion of the proceeds of the Bonds, directly or indirectly Revolving Loan (i) knowingly to purchase any Ineligible Securities from a Section 20 Subsidiary during any period in which such Section 20 Subsidiary makes a market in such Ineligible Securities, (ii) knowingly to purchase during the underwriting or placement period Ineligible Securities being underwritten or privately placed by a Section 20 Subsidiary, or (iii) to make payments payment of principal or interest on Ineligible Securities underwritten or privately placed by a as Section 20 Subsidiary and issued by or for the benefit of the Borrower or any Affiliate of the Borrower.

Section 20 Subsidiaries. The Borrower does not intend to use and shall not use any portion of the proceeds of the BondsLoans, directly or indirectly (i) knowingly to purchase any Ineligible Securities from a Section 20 Subsidiary during any period in which such Section 20 Subsidiary makes a market in such Ineligible Securities, (ii) knowingly to purchase during the underwriting or placement period Ineligible Securities being underwritten or privately placed by a Section 20 Subsidiary, or (iii) to make payments of principal or interest on Ineligible Securities underwritten or privately placed by a as Section 20 Subsidiary and issued by or for the benefit of the Borrower or any Affiliate Subsidiary of the Borrower.

Section 20 Subsidiaries. The Borrower does not intend to use and shall not will not, directly or indirectly, use any portion of the proceeds of the Bonds, directly or indirectly Revolving Loan (i) knowingly to purchase any Ineligible Securities from a Section 20 Subsidiary during any period in which such Section 20 Subsidiary makes a market in such Ineligible Securities, (iiSecurities,(ii) knowingly to purchase during the underwriting or placement period Ineligible Securities being underwritten or privately placed by a Section 20 Subsidiary, or (iii) to make payments payment of principal or interest on Ineligible Securities underwritten or privately placed by a as Section 20 Subsidiary and issued by or for the benefit of the Borrower or any Affiliate of the Borrower.

Section 20 Subsidiaries. The Borrower does not intend to use and shall not use any portion of the proceeds of the BondsRevolving Credit Loans, directly or indirectly (i) knowingly to purchase any Ineligible Securities from a Section 20 Subsidiary during any period in which such Section 20 Subsidiary makes a market in such Ineligible Securities, (ii) knowingly to purchase during the underwriting or placement period Ineligible Securities being underwritten or privately placed by a Section 20 Subsidiary, or (iii) to make payments of principal or interest on Ineligible Securities underwritten or privately placed by a Section 20 Subsidiary and issued by or for the benefit of the Borrower or any Affiliate of the Borrower.