Common use of Maintenance of Tax-Exemption Clause in Contracts

Maintenance of Tax-Exemption. The Borrower shall take all actions necessary to assure the exclusion of interest on the Governmental Lender Note from the gross income of the owners of the Governmental Lender Note to the same extent as such interest is permitted to be excluded from gross income under the Code as in effect on the date of issuance of the Governmental Lender Note.

Maintenance of Tax-Exemption. The Borrower Governmental Lender shall take all actions necessary to assure the exclusion of interest on the Governmental Lender Note from the gross income of the owners of the Governmental Lender Note to the same extent as such interest is permitted to be excluded from gross income under the Code as in effect on the date of issuance of the Governmental Lender Note.