Common use of Changes to the Project Clause in Contracts

Changes to the Project. The Borrower shall not make any changes to the Project or to the operation thereof which would affect the qualification of the Project under the Act or impair the exemption from federal income taxation of the interest on the Bonds.

Appears in 2 contracts

Samples: Loan Agreement (SJW Group), Loan Agreement (SJW Corp)

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Changes to the Project. The Borrower shall not make any no changes to the Project or to the operation thereof which would affect the qualification of the Project under the Act or impair the exemption exclusion from gross income for federal income taxation 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: Indenture of Trust, Indenture of Trust

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Changes to the Project. The Borrower shall not make any 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 exemption exclusion from gross income for federal income taxation 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

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