Common use of Limitation on Issuance Costs Clause in Contracts

Limitation on Issuance Costs. The Borrower 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 Borrower 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 Borrower 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 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 Borrower 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.