Common use of No Arbitrage Clause in Contracts

No Arbitrage. The Authority shall not take, or knowingly permit or suffer to be taken by the Trustee or otherwise, any action with respect to the proceeds of the Bonds which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the date of issuance of the Bonds would have caused the Bonds to be “arbitrage bonds” within the meaning of section 148 of the Code.

No Arbitrage. The Authority Agency shall not take, or knowingly permit or suffer to be taken by the Trustee or otherwise, any action with respect to the Authority Bond proceeds of the Bonds which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, taken on the date of issuance of the Bonds Closing Date would have caused the Bonds to be “arbitrage bonds” within the meaning of section 148 Section 148(a) of the Tax Code.

No Arbitrage. The Authority Agency shall not take, or knowingly permit or suffer to be taken by the Trustee Fiscal Agent or otherwise, any action with respect to the proceeds of the Bonds which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the date of issuance of the Bonds would have caused the Bonds to be “arbitrage bonds” within the meaning of section 148 of the Code.

No Arbitrage. The Authority Successor Agency shall not take, or knowingly permit or suffer to be taken by the Trustee or otherwise, any action with respect to the proceeds of the Bonds which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the date of issuance of the Bonds would have caused the Bonds to be “arbitrage bonds” within the meaning of section 148 of the Code.