No Arbitrage. The Company will not use or invest the Proceeds of the Bonds such that the Bonds become "arbitrage bonds" within the meaning of section 148 of the Code, and as evidence of this intent, a representative of the Company has reviewed the No-Arbitrage Certificate of the Issuer prepared in connection and delivered concurrently with the Bonds and the Company understands, and will take (or request the Trustee or the Issuer to take), the actions described therein.
Appears in 5 contracts
Samples: Loan Agreement (Cleco Corp), Loan Agreement (Cleco Corp), Loan Agreement (Cleco Power LLC)
