Common use of No Arbitrage Clause in Contracts

No Arbitrage. The County shall not take, or permit or suffer to be taken by the 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 County District shall not take, or permit or suffer to be taken by the Fiscal Paying 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 County District shall not take, or permit or suffer to be taken by the Fiscal Agent or otherwise, any action with respect to the proceeds of the Prior Bonds and 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 County District shall not taketake any action or fail to take any action, or permit or suffer to be taken by the Fiscal Agent or otherwise, any action or omission with regard to which the District may exercise control, 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 Section 148 of the Code, including the Treasury Regulations with respect thereto. In addition, the District has complied with all the requirements of the Code with respect to the Bonds.

No Arbitrage. The County District shall not taketake any action or fail to take any action, or permit or suffer to be taken by the Fiscal Agent or otherwise, any action or omission with regard to which the District may exercise control, 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 Section 148 of the Internal Revenue Code of 1986, as amended (the “Code”), including the Treasury Regulations with respect thereto.

No Arbitrage. The County District shall not take, or permit or suffer to be taken by the Fiscal Paying Agent or the County or otherwise, any action with respect to the proceeds of the Bonds applicable series of bonds which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the applicable original delivery date of issuance of the Bonds would have caused the Bonds said applicable series of bonds to be “arbitrage bonds” within the meaning of section Section 148 of the Tax Code.