Exempt Status. The City will not take any action which would cause the interest on the Commercial Paper Notes to become includable in the gross income of the holders thereof for federal income tax purposes.
Appears in 4 contracts
Sources: Revolving Credit Agreement, Revolving Credit Agreement, Revolving Credit Agreement
Exempt Status. The City will not take any action which would cause the interest on the Commercial Paper Notes to become includable in the gross income of the holders thereof any Holder for federal income tax purposes.
Appears in 3 contracts
Sources: Note Purchase Agreement, Note Purchase Agreement, Note Purchase Agreement