Tax-Exempt Status of Bonds. The Issuer and the Company mutually covenant and agree that neither of them shall take or authorize or permit any action to be taken, and have not taken or authorized or permitted any action to be taken, which results in interest paid on the Bonds being included in gross income for purposes of federal income taxes. Without limiting the generality of the foregoing, the Company further covenants, represents and agrees as follows:
Appears in 6 contracts
Samples: Loan Agreement (Entergy Gulf States Louisiana, LLC), Loan Agreement (Entergy Louisiana, LLC), Loan Agreement (Entergy Gulf States Louisiana, LLC)
Tax-Exempt Status of Bonds. The Issuer Authority and the Company mutually covenant and agree that neither of them shall take or authorize or permit any action to be taken, and have not taken or authorized or permitted any action to be taken, which results in interest paid on the Bonds being included in gross income for purposes of federal income taxes. Without limiting the generality of the foregoing, the Company further covenants, represents and agrees as follows:
Appears in 2 contracts
Samples: Continuing Disclosure Agreement (Entergy Louisiana, LLC), Continuing Disclosure Agreement (Entergy Louisiana, LLC)
Tax-Exempt Status of Bonds. The Issuer and the Company mutually covenant and agree that neither of them shall take or authorize or permit any action to be taken, and have not taken or authorized or permitted any action to be taken, which results in adversely affects the exclusion of interest paid on the Bonds being included in from gross income for purposes of federal income taxestaxes pursuant to Section 103 of the Code. Without limiting the generality of the foregoing, the Company further covenants, represents covenants and agrees as follows:
Appears in 1 contract
Samples: Installment Sale Agreement (Louisiana Power & Light Co /La/)
Tax-Exempt Status of Bonds. The Issuer and the Company mutually covenant and agree that neither of them shall take or authorize or permit any action to be taken, and have not taken or authorized or permitted any action to be taken, which that results in interest paid on the Bonds being included in gross income for purposes of federal income taxes. Without limiting the generality of the foregoing, the Company further covenants, represents and agrees as follows:
Appears in 1 contract
