Changes to the Project. Borrower shall make no changes to the Project or to the operation thereof which would affect the qualification of the Project under the Act or impair the exclusion from gross income for federal income tax purposes of the interest on the Bonds. Borrower intends to utilize the Project as required by the Regulatory Agreement.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
Changes to the Project. The Borrower shall not make no any changes to the Project or to the operation thereof which would affect the qualification of the Project under the Act or impair the exclusion exemption from gross income for federal income tax purposes taxation of the interest on the Bonds. Borrower intends to utilize the Project as required by the Regulatory Agreement.
Appears in 2 contracts
Samples: Loan Agreement (SJW Group), Loan Agreement (SJW Corp)
Changes to the Project. Borrower shall make no changes to the Project or to the operation thereof which would affect the qualification of the Project under the Law or the Act or impair the exclusion from gross income for federal income tax purposes of the interest on the BondsBond. Borrower intends to utilize the Project as required by the Regulatory Agreement.
Appears in 1 contract
Samples: Loan Agreement