No Abusive Arbitrage Device. The Bonds are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the County or the Corporation to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.
No Abusive Arbitrage Device. The Certificates are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.
No Abusive Arbitrage Device. The Lease is not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.
No Abusive Arbitrage Device. The Governmental Lender Note is not and will not be part of a transaction or series oftransactions that has the effect of(a) enabling the Governmental Lender, the Borrower or any Related Person to exploit the ditTerencc between tax- exempt and taxable interest rates to obtain a material tinancial advantage, and (b) over-burdening the tax-exempt bond market in any manner. including (without limitation) by selling bonds that would not otherwise be sold or selling more bonds, or issuing them sooner. or allowing them to remain outstanding longer, than otherwise would be necessary.
No Abusive Arbitrage Device. The Certificates are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the Issuer to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.
No Abusive Arbitrage Device. 1. In connection with the issuance of the Obligation, the Issuer has not employed any action which has the effect of overburdening the market for tax-exempt obligations by issuing more bonds, issuing bonds earlier, or allowing bonds to remain outstanding longer than is reasonably necessary to accomplish the governmental purposes of the Obligation.
No Abusive Arbitrage Device. The Note is not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City or the Corporation to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.
No Abusive Arbitrage Device. Neither the Issuer nor the Borrower has engaged or will engage in a transaction or series of transactions enabling them to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage and which increases the burden on the market for tax-exempt obligations, including selling obligations that would not otherwise be necessary or issuing obligations sooner or allowing them to remain outstanding longer than would otherwise be necessary. No device has been or will be employed in connection with the issuance of the Series 2016B Bond in order to obtain a material financial advantage (based on arbitrage) apart from savings attributable to lower interest rates.
No Abusive Arbitrage Device. The Lease is not and will not be part of a transaction or series of transactions that (a) enable the Lessee or any Related Party to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, or
No Abusive Arbitrage Device. The City Lease Agreement and Certificates are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.
