No Arbitrage. The District shall not take, or permit or suffer to be taken by the 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.
Appears in 2 contracts
Samples: Paying Agent Agreement, Paying Agent Agreement
No Arbitrage. The District County shall not take, or permit or suffer to be taken by the Paying 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.
Appears in 2 contracts
Samples: Fiscal Agent Agreement, Fiscal Agent Agreement
No Arbitrage. The District County shall not take, or permit or suffer to be taken by the Paying Fiscal Agent or otherwise, any action with respect to the proceeds of the 2013 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 2013 Bonds would have caused the 2013 Bonds to be “arbitrage bonds” within the meaning of section 148 of the Code.
Appears in 1 contract
Samples: Fiscal Agent Agreement
