Tax Covenants of the Borrower. The Borrower covenants and agrees that:
Tax Covenants of the Borrower. (i) The Borrower will be treated as a corporation for U.S. federal income tax purposes and will take no action inconsistent with such treatment unless required by law.
Tax Covenants of the Borrower. (a)The Borrower covenants and agrees that it has not taken and will not take or cause to be taken, and has not omitted and will not omit or cause to be omitted, any action which will result in interest paid on the Bonds being included in gross income of the Owners of the Bonds for the purposes of federal income taxation.
Tax Covenants of the Borrower. The Borrower covenants and agrees that: Project Loan Agreement – TEL (Forward) Fixed Rate Page 11
