Examples of Tax-Exempt Bonds in a sentence
For purposes of this provision, Tax-Exempt Bonds shall include the obligations of the Long Island Power Authority, NYPA and Consolidated Edison Company of New York, Inc., the interest on which is not included in gross income under the Internal Revenue Code.
If LIPA determines that the provision of Transmission Service requested by an Eligible Customer would jeopardize the tax-exempt status of any Local Furnishing Bond(s) or LIPA Tax-Exempt Bonds, LIPA shall promptly advise the ISO.
This covenant shall survive defeasance or redemption of the Tax-Exempt Bonds.
For purposes of this provision, Tax-Exempt Bonds shall include the obligations of the Connecting Transmission Owner, the interest on which is not included in gross income under the Internal Revenue Code.
Notwithstanding any other provisions of this Agreement, Connecting Transmission Owner shall not be required to comply with any provisions of this Agreement that would result in the loss of tax-exempt status of any of their Tax-Exempt Bonds or impair its ability to issue future tax-exempt obligations.