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.
Appears in 2 contracts
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.advantage and
Appears in 1 contract
Samples: Tax Compliance Agreement
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.and
Appears in 1 contract
Samples: Tax Compliance Agreement
No Abusive Arbitrage Device. The Lease 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.advantage and
Appears in 1 contract
Samples: Tax Compliance Agreement
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-tax- exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-tax- exempt bond market.
Appears in 1 contract
Samples: Tax Compliance Agreement
