Common use of No Arbitrage Clause in Contracts

No Arbitrage. The District will not take, or permit or suffer to be taken, any action with respect to the proceeds of the Lease Payments which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the Closing Date would have caused the Lease Payments to be “arbitrage bonds” within the meaning of Section 148(a) of the Tax Code.

No Arbitrage. The District will shall not take, or permit or suffer to be takentaken by the Trustee or otherwise, any action with respect to the proceeds of the this Lease Payments which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the Closing Date of the Lease would have caused the Lease Payments to be “"arbitrage bonds” " within the meaning of section 148 of the Tax Code as modified by Section 148(a54A(d)(4) of the Tax Code, including the Treasury Regulations with respect thereto.

No Arbitrage. The District will shall not take, or permit or suffer to be takentaken by the Trustee or otherwise, any action with respect to the proceeds of the Lease Payments Certificates or of any other obligations which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the Closing Date Date, would have caused the obligations of the District under the Lease Payments to be “arbitrage bonds” within the meaning of Section 148(a) of the Tax Code.

No Arbitrage. The District will shall not take, or permit or suffer to be taken, any action with respect to the proceeds of the Lease Payments which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the Closing Date would have caused the Lease Payments to be “arbitrage bonds” within the meaning of Section 148(a) of the Tax Code.

No Arbitrage. The District will shall not take, or permit or suffer to be takentaken by the Trustee or otherwise, any action with respect to the proceeds of the Lease Payments Certificates or of any other obligations which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the Closing Date Date, would have caused the obligations of the District under the Lease Payments Agreement to be “arbitrage bonds” within the meaning of Section 148(a) of the Tax Code.

No Arbitrage. The District will may not take, or permit or suffer to be taken, any action with respect to the proceeds of the Lease Payments Loan Repayments which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the Closing Date would have caused the Lease Payments Loan Repayments to be “arbitrage bonds” within the meaning of Section 148(a) of the Tax Code.