Federal Guarantee. The District shall not make any use of the proceeds of the Certificates or any other funds of the District, or take or omit to take any other action, that would cause the Certificates to be “federally guaranteed” within the meaning of Section 149(b) of the Code.
Federal Guarantee. The City shall not make any use of the proceeds of the Authority Bonds or any other funds of the City, or take or omit to take any other action, that would cause the Authority Bonds to be “federally guaranteed” within the meaning of Section 149(b) of the Code.
Federal Guarantee. If a default under this Agreement results in a draw on the Guarantee, the Borrower shall repay such amount to the Secretary on demand and as provided in the Reimbursement Note executed and delivered by the Eligible CDFI to the United States of America, to evidence the Eligible CDFI’s obligation to reimburse the Guarantor for payment made by the Guarantor pursuant to the Guarantee. Any such payment by the Borrower to the Secretary shall constitute a credit against amounts due and unpaid under this Agreement and such credit shall be applied in the same priority set forth in Section 402 of the Bond Trust Indenture.
Federal Guarantee. The District will make no use of any proceeds of this Installment Purchase Agreement and will not take or omit to take any action that would cause the Series 2023 Installment Payments to be “federally guaranteed” within the meaning of Section 149(b) of the Code.
Federal Guarantee. The Governmental Lender Note is an obligation executed and delivered to provide qualified residential rental property. No proceeds of the Governmental Lender Note will be invested in any federally insured deposits or accounts. The preceding sentence shall not apply to: (a) investments in the Bona Fide Debt Service Fund: (b) investments in obligations issued by the United States Department of Treasury.
Federal Guarantee. The Purchaser will not directly or indirectly use or permit the use of any Facility Funds or take or omit to take any action that would cause the Proceeds Bonds to be obligations that are “federally guaranteed” within the meaning of section 149(b) of the Code. In furtherance of this covenant, the Purchaser will not allow the payment of principal or interest under this Agreement to be guaranteed (directly or indirectly) in whole or in part by the United States or any agency or instrumentality thereof. The Purchaser will not use five percent (5%) or more of the Facility Funds to make or finance loans the payment of principal or interest with respect to which is guaranteed in whole or in part by the United States or any agency or instrumentality thereof.
Federal Guarantee. Neither the Corporation nor the City will make use of the proceeds of the Certificates provided herein or take or omit to take any action that would cause the Certificates to be “federally guaranteed” within the meaning of Section 149(b) of the Code.
Federal Guarantee. The Agency and the Authority will make no use of the proceeds of the 2020A Bonds or take or omit to take any action that would cause the 2020A Bonds to be “federally guaranteed” within the meaning of Section 149(b) of the Code.
Federal Guarantee. Prohibition The County shall not take any action or permit or suffer any action to be taken if the result of the same would be to cause any of the Certificates or the Lease Agreement to be “federally guaranteed” within the meaning of Section 149(b) of the Tax Code.
Federal Guarantee. The Notes are not and shall not become directly or indirectly "federally guaranteed." Unless otherwise excepted under Section 149(b) of the Code, the Notes will be considered "federally guaranteed" if: (a) the payment of principal or interest with respect to the Notes is guaranteed (in whole or in part) by the United States (or any agency or instrumentality thereof), (b) 5% or more of the proceeds of the Notes is: (i) to be used in making loans, the payment of principal or interest with respect to which are to be guaranteed (in whole or in part) by the United States (or any agency instrumentality thereof), or (ii) to be invested (directly or indirectly) in federally insured deposits or accounts, or (c) the payment of principal or interest on the Notes is otherwise indirectly guaranteed (in whole or in part) by the United States (or any agency or instrumentality thereof). For purposes of determining whether the Notes are federally guaranteed, a guarantee by the Federal Housing Administration, the Veterans Administration, the Federal National Mortgage Association, the Federal Home Loan Mortgage Insurance Company, the Government National Mortgage Association or the Ordinance Funding City shall not be considered a "federal guarantee." This Section shall not apply to Proceeds of the Notes invested for an initial temporary period until such proceeds are needed for the purpose for which the Notes were issued, investments of a Bona Fide Debt Service Fund, investments of a reserve which meet the requirements of Section 148(d) of the Code, investments in bonds issued by the United States Treasury, or other investments permitted under the Regulations.
