Common use of Municipal Tax Exempt Bonds Clause in Contracts

Municipal Tax Exempt Bonds. Notwithstanding any other provision of this Agreement, LADWP shall not be required to provide BWP service under this Agreement if the provision of such service would result in “private business use” as defined in Section 141(b)(6) of the Internal Revenue Code and the Treasury Regulations promulgated thereunder, as such laws and regulations may be amended, updated, modified or replaced.

Municipal Tax Exempt Bonds. Notwithstanding any other provision of this Agreement, LADWP shall not be required to provide BWP GWP service under this Agreement if the provision of such service would result in “private business use” " as defined in Section 141(b)(6) of the Internal Revenue Code and the Treasury Regulations promulgated thereunder, as such laws and regulations may be amended, updated, modified or replaced.

Municipal Tax Exempt Bonds. Notwithstanding any other provision of this Agreement, LADWP shall not be required to provide BWP service under this Agreement if the provision of such service would result in “private business use” " as defined in Section 141(b)(6) of the Internal Revenue Code and the Treasury Regulations promulgated thereunder, as such laws and regulations may be amended, updated, modified or replaced.

Municipal Tax Exempt Bonds. Notwithstanding any other provision of this Agreement, LADWP shall not be required to provide BWP Burbank service under this Agreement if the provision of such service would result in “private business use” as defined in Section 141(b)(6) of the Internal Revenue Code and the Treasury Regulations promulgated thereunder, as such laws and regulations may be amended, updated, modified or replaced.