Common use of Covenants With Respect to Tax-Exempt Status of the Bonds Clause in Contracts

Covenants With Respect to Tax-Exempt Status of the Bonds. The Company covenants for the benefit of the Owners of the Bonds and the Issuer 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.

Appears in 7 contracts

Samples: Loan Agreement (Avista Corp), Loan Agreement (Avista Corp), Loan Agreement (Avista Corp)

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Covenants With Respect to Tax-Exempt Status of the Bonds. The Company covenants for the benefit of the Owners of the Bonds and the Issuer 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.

Appears in 2 contracts

Samples: Loan Agreement (Puget Sound Energy Inc), Loan Agreement (Idaho Power Co)

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