Federal Taxation. The LEA will not take or permit any of its officers to take any action with respect to the Agreement or the Buses which would cause the interest component of any Installment Payment payable under any Appendix to become subject to federal income taxation under the Code and will take all actions legally and reasonably within its powers necessary to ensure that the interest will not become subject to federal income taxation under the Code.
Appears in 23 contracts
Samples: Master Replacement Bus Financing Agreement, Master Replacement Bus Financing Agreement, Master Replacement Bus Financing Agreement
