Common use of Federal Guarantee Prohibition Clause in Contracts

Federal Guarantee Prohibition. The Borrower shall not take any action or permit or suffer any action to be taken if the result of the same would be to cause any portion of the Governmental Lender Note to be "federally guaranteed" within the meaning of section 149(b) of the Code.

Appears in 2 contracts

Samples: Borrower Loan Agreement, Borrower Loan Agreement

AutoNDA by SimpleDocs

Federal Guarantee Prohibition. The Borrower shall not take any action or no action, nor permit or nor suffer any action to be taken if the result of the same would be to cause any portion of the Governmental Lender Note Bonds to be "federally guaranteed" within the meaning of section Section 149(b) of the Code.

Appears in 2 contracts

Samples: Construction Loan Agreement, Indenture

Federal Guarantee Prohibition. The Borrower shall not take any action or no action, nor permit or nor suffer any action to be taken if the result of the same would be to cause any portion of the Governmental Lender Note to be "federally guaranteed" within the meaning of section Section 149(b) of the Code.

Appears in 2 contracts

Samples: Borrower Loan Agreement, Borrower Loan Agreement

Federal Guarantee Prohibition. The Borrower shall not take any action or no action, nor permit or nor suffer any action to be taken if the result of the same would be to cause any portion of the Governmental Lender Note Bonds or on any of the Senior Bonds to be "federally guaranteed" within the meaning of section Section 149(b) of the Code.

Appears in 1 contract

Samples: Loan Agreement

Federal Guarantee Prohibition. The Borrower shall not take any action or no action, nor permit or nor suffer any action to be taken if the result of the same would be to cause any portion of the Governmental Lender Tax-Exempt Note to be "federally guaranteed" within the meaning of section Section 149(b) of the Code.

Appears in 1 contract

Samples: Loan Agreement

Federal Guarantee Prohibition. The Borrower shall not take any action or no action, nor permit or nor suffer any action to be taken if the result of the same would be to cause any portion of the Governmental Lender Funding Loan Note to be "federally guaranteed" within the meaning of section Section 149(b) of the Code.

Appears in 1 contract

Samples: Construction and Permanent Loan Agreement

AutoNDA by SimpleDocs

Federal Guarantee Prohibition. The Borrower shall not take any action or no action, nor permit or nor suffer any action to be taken if the result of the same would be to cause any portion of the Governmental Lender Note Tax-Exempt Notes to be "federally guaranteed" within the meaning of section Section 149(b) of the Code.

Appears in 1 contract

Samples: Construction and Permanent Loan Agreement

Federal Guarantee Prohibition. The Borrower shall not take any action or no action, nor permit or nor suffer any action to be taken if the result of the same would be to cause any portion of the Governmental Lender Note or the Funding Loan Note to be "federally guaranteed" within the meaning of section Section 149(b) of the Code.

Appears in 1 contract

Samples: Loan Agreement

Federal Guarantee Prohibition. The Borrower shall not take any action or no action, nor permit or nor suffer any action to be taken if the result of the same would be to cause any portion of the Funding Loan Note or the Governmental Lender Note to be "federally guaranteed" within the meaning of section Section 149(b) of the Code.

Appears in 1 contract

Samples: Borrower Loan Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!