Common use of Limits on Special Tax Waivers and Bond Tenders Clause in Contracts

Limits on Special Tax Waivers and Bond Tenders. The City covenants not to exercise its rights under the Act to waive delinquency and redemption penalties related to or to declare an amnesty program with respect to such delinquency and redemption penalties related to the Special Taxes if to do so would materially and adversely affect the interests of the Owners of Outstanding Bonds. The City further covenants not to permit the tender of Bonds in payment of any Special Taxes except upon receipt of a certificate of an independent certified public accountant that to accept such tender will not result in the City’s having insufficient Special Tax revenues to pay the principal of and interest on the Bonds that will remain Outstanding following such tender.

Limits on Special Tax Waivers and Bond Tenders. The City covenants not to exercise its rights under the Act to waive delinquency and redemption penalties related to the Special Taxes or to declare an Special Tax penalties amnesty program with respect to such delinquency and redemption penalties related to the Special Taxes if to do so would materially and adversely affect the interests of the Owners owners of Outstanding the Bonds. The City further covenants not to permit the tender of Bonds in payment of any Special Taxes except upon receipt of a certificate of an independent certified public accountant Independent Financial Consultant that to accept such tender will not result in the City’s City having insufficient Special Tax revenues Revenues to pay the principal of and interest on the Bonds that will remain Outstanding following such tender.

Limits on Special Tax Waivers and Bond Tenders. The City covenants not to exercise its rights under the Act to waive delinquency and redemption penalties related to the Special Taxes or to declare an Special Tax penalties amnesty program with respect to such delinquency and redemption penalties related to the Special Taxes if to do so would materially and adversely affect the interests of the Owners owners of Outstanding Bonds. The City the Bonds and further covenants not to permit the tender of Bonds in payment of any Special Taxes except upon receipt of a certificate of an independent certified public accountant Independent Financial Consultant that to accept such tender will not result in the City’s City having insufficient Special Tax revenues to pay the principal of and interest on the Bonds that will remain remaining Outstanding following such tender.

Limits on Special Tax Waivers and Bond Tenders. The City covenants not to exercise its rights under the Act to waive delinquency and redemption penalties related to the Special Taxes or to declare an Special Tax penalties amnesty program with respect to such delinquency and redemption penalties related to the Special Taxes if to do so would materially and adversely affect the interests of the Owners of Outstanding Bonds. The City the Bonds and further covenants not to permit the tender of Bonds in payment of any Special Taxes except upon receipt of a certificate of an independent certified public accountant Independent Financial Consultant that to accept such tender will not result in the City’s City having insufficient Special Tax revenues Revenues to pay the principal of and interest on the Bonds that will remain and any Parity Bonds remaining Outstanding following such tender.