Common use of No Arbitrage Clause in Contracts

No Arbitrage. The District and the Authority shall not take, or permit or suffer to be taken by the Trust Administrator or otherwise, any action with respect to the proceeds of the Certificates 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 Certificates or the Installment Sale Agreement to be “arbitrage bonds” within the meaning of section 148 of the Tax Code.

No Arbitrage. The District and the Authority shall not take, or permit or suffer to be taken by the Trust Administrator Trustee or otherwise, any action with respect to the proceeds of the 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 either Series of the Certificates or the Installment Sale Agreement to be “arbitrage bonds” within the meaning of section 148 Section 148(a) of the Tax Code.

No Arbitrage. The District and the Authority shall not take, or permit or suffer to be taken by the Trust Administrator Trustee or otherwise, any action with respect to the proceeds of the Certificates 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 Certificates or the Installment Sale Agreement to be “arbitrage bonds” within the meaning of section 148 of the Tax Code.

No Arbitrage. The District and the Authority County shall not take, or permit or suffer to be taken by the Trust Administrator or otherwise, any action with respect to the proceeds of the Certificates Certificate 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 Certificates Certificate or the Installment Sale Agreement to be “arbitrage bonds” within the meaning of section 148 of the Tax Code.