Assurance of Tax Exemption. In order to assure that the interest on the Subordinate Bonds shall at all times be excluded from gross income for the purposes of federal income taxation, the Borrower represents and covenants with the Issuer, Trustee and all Holders of the Subordinate Bonds as follows:
Assurance of Tax Exemption. In order to assure that the interest on the Bonds shall at all times be excluded from gross income for federal income tax purposes, the Company covenants with the Issuer, the Trustee and all Bondowners that it will comply with and fulfill each of the requirements and conditions of the Tax Regulatory Agreement.
Assurance of Tax Exemption. The Borrower understands after consultation with such legal counsel as deemed appropriate, that the exclusion from gross income of interest on any Tax-Exempt Bonds (including the Series 2024A Bonds) for federal income tax purposes is dependent on the accuracy and truthfulness of representations made herein and in the Tax Certificate. The Borrower covenants and warrants that such representations are accurate and truthful, and the Borrower shall comply with the Tax Certificate.
Assurance of Tax Exemption. (a) In order to ensure that the interest on the Series 2006 Bonds shall, at all times, be excludable from gross income for purposes of federal income taxation (other than by operation of Section 147(a) of the Code), the Company represents, covenants and agrees with the Issuer, the Trustee and all Owners of the Series 2006 Bonds that:
Assurance of Tax Exemption. In order to assure that the interest on the Bonds shall at all times be free from Federal income taxation, the Borrowers covenant with the Issuer, the Trustee and all Bondowners that they will:
Assurance of Tax Exemption. The Company recognizes that the exclusion of the interest paid on the Series 1997 Bonds from the gross income of the owners thereof for Federal income tax purposes is dependent upon the qualification of the Series 1997 Bonds as "qualified small issue bonds" under Section 144 of the Code and the Regulations. For this purpose, the Company hereby further represents, covenants, and agrees as follows:
Assurance of Tax Exemption. The Company covenants for the benefit of the Holders of the Bonds and the City that it (a) has not taken, and will not take or permit to be taken on its behalf, any action which would adversely affect the tax-exempt status of the Bonds and (b) will take, or require to be taken, such actions as may, from time to time, be required under applicable law or regulation to continue to cause the Bonds to be tax-exempt. The Company acknowledges that in the event of an examination by the Internal Revenue Service of the exclusion of interest on the Bonds from the gross income of the owners thereof for federal income tax purposes, the City may be treated as the “taxpayer” in such examination and agrees that it will respond, and will direct the City to respond, in a commercially reasonable manner to any inquiries from the Internal Revenue Service in connection with such an examination. The City covenants that it will cooperate with the Company, at the Company’s expense and at its direction, in connection with such examination. In order to assure that the interest on the Bonds shall at all times be free from federal income taxation, the Company represents and covenants with the City, Trustee and all Holders of the Bonds that it will comply with the applicable provisions of Sections 103 and 141 through 150 of the Code as follows:
Assurance of Tax Exemption. (a) It is the intention of the Company and the Issuer that the interest on the Bonds be excludable from the gross income of the holders thereof for federal income tax purposes pursuant to Section 103 of the Code (including, where applicable, Section 103 of the 1954 Code), except for any Bond held by a Person referred to in Section 103(b)(13) of the 1954 Code. To that end, the Company represents, covenants and agrees with the Issuer, the Trustee and all Owners of the Bonds that (a) it will not permit the use of any proceeds of the Bonds or fail to use or cause to be used such proceeds or take any other action or omit to take any action, which use, failure, act or omission will cause the loss of such exclusion, and (b) it will file with the Internal Revenue Service, or any other authorized governmental agency, any and all statements or other instruments, if any, required under the Code with respect to obligations the interest on which is excludable from the gross income of the owners thereof for federal income tax purposes pursuant to Section 103 of the Code (including, where applicable, Section 103 of the 1954 Code). Furthermore, the Company represents, covenants and agrees as follows:
Assurance of Tax Exemption. The Company covenants for the benefit of the Holders of the Bonds and General Obligation Bonds and the County that it (a) has not taken, and will not take or permit to be taken on its behalf, any action which would adversely affect the tax-exempt status of the Bonds or General Obligation Bonds and (b) will take, or require to be taken, such actions as may, from time to time, be required under applicable law or regulation to continue to cause the Bonds and the General Obligation Bonds to be tax-exempt. The Company acknowledges that in the event of an examination by the Internal Revenue Service of the exclusion of interest on the Bonds or General Obligation Bonds from the gross income of the owners thereof for federal income tax purposes, the County may be treated as the “taxpayer” in such examination and agrees that it will respond, and will direct the County to respond, in a commercially reasonable manner to any inquiries from the Internal Revenue Service in connection with such an examination. The County covenants that it will cooperate with the Company, at the Company’s expense and at its direction, in connection with such examination. In order to assure that the interest on the Bonds and General Obligation Bonds shall at all times be free from federal income taxation, the Company represents and covenants with the County, Trustee and all Holders of the Bonds and General Obligation Bonds that it will comply with the applicable provisions of Sections 103 and 141 through 150 of the Code as follows:
Assurance of Tax Exemption. (a) It is the intention of the Borrower and the Issuer that the Bonds constitute “qualified Midwestern Disaster Area Bonds” in accordance with Section 1400N(a) of the Code, as applied with modifications pursuant to the Heartland Disaster Tax Relief Act of 2008, and
