Common use of Covenants Regarding Tax Exemption Clause in Contracts

Covenants Regarding Tax Exemption. The Issuer covenants to refrain from any action which would adversely affect, or to take such action as is reasonable and available and within its control to assure, the treatment of the Bonds as obligations described in Section 103(a) of the Code, the interest on which is not included in the “gross income” of the holder (other than the income of a “substantial user” of the Project or a “related person” within the meaning of Section 147(a) of the Code) for purposes of federal income taxation.

Covenants Regarding Tax Exemption. The Issuer covenants to refrain from any action which would adversely affect, or to take such action as is reasonable and available and within its control to assure, the treatment of the Bonds as obligations described in Section 103(a) of the Code, the interest on which is not included in the “"gross income” " of the holder (other than the income of a “"substantial user” " of the Project or a “"related person” " within the meaning of Section 147(a) of the Code) for purposes of federal income taxation.

Covenants Regarding Tax Exemption. The Issuer covenants to refrain from any action which would adversely affect, or to take such action as is reasonable and available and within its control to assure, the treatment of the Bonds as obligations described in Section 103(a) of the Code, the interest on which is not included in the “"gross income” " of the holder (other than the income of a “"substantial user” " of the facilities refinanced by the Refunding Project or a “"related person” " within the meaning of Section 147(a) of the Code) for purposes of federal income taxation.

Covenants Regarding Tax Exemption. The Issuer covenants to refrain from any action which would adversely affect, or to take such action as is reasonable and available and within its control to assure, the treatment of the Bonds as obligations described in Section 103(a) of the Code, the interest on which is not included in the “gross income” of the holder (other than the income of a “substantial user” of the facilities refinanced by the Refunding Project or a “related person” within the meaning of Section 147(a) of the Code) for purposes of federal income taxation.

Covenants Regarding Tax Exemption. The Issuer covenants to refrain from any action which would adversely affect, or to take such action as is reasonable and available and within its control to assure, the treatment of the Bonds as obligations described in Section 103(a) of the Code, the interest on which is not included in the “"gross income” " of the holder (other than the income of a “"substantial user” " of the facilities refinanced by the Project or a “"related person” " within the meaning of Section 147(a) of the Code) for purposes of federal income taxation.