Limitation on Issuance Costs. The Governmental Lender covenants that, from the proceeds of the Governmental Lender Note and investment earnings thereon, an amount not in excess of exceed two percent (2%) of the proceeds of the Governmental Lender Note, will be used for costs of issuance of the Governmental Lender Note, all within the meaning of section 147(g)(1) of the Code. For this purpose, if the fees of the Funding Lender are retained as a discount on the purchase of the Governmental Lender Note, such retention shall be deemed to be an expenditure of proceeds of the Governmental Lender Note for said fees.
Limitation on Issuance Costs. The Issuer shall assure, solely in reliance upon the covenants and representations of the Borrower in the Loan Agreement, in the Regulatory Agreement and in the Tax Certificate, that, from the proceeds of the Bonds received from the original purchaser thereof and investment earnings thereon, an amount not in excess of two percent (2%) of the face amount of the Bonds will be used to pay for, or provide for the payment of, Issuance Costs. For this purpose, if the fees of such original purchaser are retained as a discount on the purchase of the Bonds, such retention shall be deemed to be an expenditure of proceeds of the Bonds for said fees.
Limitation on Issuance Costs. Issuer and Company covenant that, from the proceeds of the Bonds received from the Original Purchaser on June 22, 1995 an amount not in excess of 2% of the face amount of the Bonds shall be used to pay for, or provide for the payment of, Issuance Costs. For this purpose, if the fees of the Original Purchaser are retained as a discount on the purchase of the Bonds, such retention shall be deemed to be an expenditure of proceeds of the Bonds for said fees to the extent of the amount retained.
Limitation on Issuance Costs. The Issuer shall assure, solely by the execution and delivery of the Loan Agreement by the Issuer and the Borrower, that, from the proceeds of the Bonds received from the original purchaser thereof and investment earnings thereon, an amount not in excess of two percent (2%) of the face amount of the Bonds shall be used to pay for, or provide for the payment of, Issuance Costs. For this purpose, if the fees of such original purchaser are retained as a discount on the purchase of the Bonds, such retention shall be deemed to be an expenditure of proceeds of the Bonds for said fees.
Limitation on Issuance Costs. The Governmental Lender shall assure, solely in reliance upon the covenants and representations of the Borrower in the Borrower Loan Agreement, in the Regulatory Agreement and in the Tax Certificate, that, from the proceeds of the Funding Loan Note received from the Bank and investment earnings thereon, an amount not in excess of two percent (2%) of the amount of the Funding Loan advanced by the Bank shall be used to pay for, or provide for the payment of costs associated with the issuance, execution and delivery of the Funding Loan Note. For this purpose, if the fees of the Bank are retained as a discount on the purchase of the Funding Loan Note, such retention shall be deemed to be an expenditure of proceeds of the Funding Loan for said fees.
Limitation on Issuance Costs. The Governmental Lender shall assure, solely in reliance upon the covenants and representations of the Borrower in the Borrower Loan Agreement, in the Regulatory Agreement and the Tax Certificate, that, from the proceeds of the Governmental Lender Note received by the Governmental Lender and any investment earnings thereon, an amount not in excess of two percent (2%) of the aggregate amount of the Governmental Obligations shall be used to pay for, or provide for the payment of costs associated with the issuance, execution and delivery of the Governmental Obligations. For this purpose, if the fees of Pacific Western Bank are retained as a discount on the purchase of the Governmental Lender Note, such retention shall be deemed to be an expenditure of proceeds of the Governmental Obligations for said fees.
Limitation on Issuance Costs. The Governmental Lender shall assure, solely in reliance upon the covenants and representations of the Borrower in the Borrower Loan Agreement, in the Regulatory Agreements and in the Tax Certificate, that, from the proceeds of the Tax-Exempt Notes received from the Bank and investment earnings thereon, an amount not in excess of two percent (2%) of the amount of such amount advanced by the Bank shall be used to pay for, or provide for the payment of costs associated with the issuance, execution and delivery of the Tax-Exempt Notes. For this purpose, if the fees of the Bank are retained as a discount on the purchase of a Tax-Exempt Note, such retention shall be deemed to be an expenditure of proceeds of the Tax-Exempt Note for said fees.
Limitation on Issuance Costs. {tc "6.8. Limitation on Issuance Costs" \l 2
Limitation on Issuance Costs. From the proceeds of the Bonds received from the initial purchasers thereof on the date of issuance and delivery of the Bonds, and investment earnings thereon, an amount not in excess of two percent (2%) of the face amount of the Bonds shall be used to pay for, or provide for the payment of, Issuance Costs.
Limitation on Issuance Costs. The Borrower covenants that, no Proceeds of the Bonds and investment earnings thereon, in an amount in excess of two percent (2%) of the Proceeds of the sale of the Bonds, will be used to pay costs of issuing of the Bonds. If the fees of the original purchaser are retained as a discount on the purchase of the Bonds, such retention shall be deemed to be an expenditure of Proceeds of the Bonds for said fees.
