Common use of Federal Guarantee Prohibition Clause in Contracts

Federal Guarantee Prohibition. The Issuer shall take no action nor permit nor suffer any action to be taken if the result of the same would be to cause the Bonds to be “federally guaranteed” within the meaning of Section 149(b) of the Code.

Appears in 2 contracts

Samples: Construction and Convertible Term Loan Agreement, Loan Agreement

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

Appears in 1 contract

Samples: Loan Agreement (Sunpower Corp)

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Federal Guarantee Prohibition. The Issuer shall take no action nor nor, solely in reliance upon the covenants and representations of the Borrow er in the Loan Agreement, in the Regulatory Agreement and in the Tax Certificate, knowingly permit nor suffer any action to be taken if the result of the same would be to cause the Bonds to be federally guaranteed” within the meaning of Section 149(b) of the Code.

Appears in 1 contract

Samples: Construction Loan Agreement

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