Common use of No Federal Guarantee Clause in Contracts

No Federal Guarantee. Except to the extent permitted by Section 149(b) of the Code and the Regulations and rulings thereunder, the Borrower shall not take or omit to take any action which would cause the Governmental Lender Note to be “federally guaranteed” within the meaning of Section 149(b) of the Code and the Regulations and rulings thereunder.

No Federal Guarantee. Except to the extent permitted by Section 149(b) of the Code and the Regulations and rulings thereunder, the Borrower shall not take or omit to take any action which would cause the Tax-Exempt Governmental Lender Note to be “federally guaranteed” within the meaning of Section 149(b) of the Code and the Regulations and rulings thereunder.

No Federal Guarantee. Except to the extent permitted by Section 149(b) of the Code and the Regulations and rulings thereunder, the Borrower shall not take or omit to take any action which would cause the Governmental Lender Note Notes to be “federally guaranteed” within the meaning of Section 149(b) of the Code and the Regulations and rulings thereunder.

No Federal Guarantee. Except to the extent permitted by Section 149(b) of the Code and the Regulations and rulings thereunder, the Borrower shall not take or omit to take any action which would cause the Governmental Lender Note Funding Loan to be “federally guaranteed” within the meaning of Section 149(b) of the Code and the Regulations and rulings thereunder.

No Federal Guarantee. Except to the extent permitted by Section 149(b) of the Code and the Regulations and rulings thereunder, the Borrower shall not take or omit to take any action which would cause the Tax-Exempt Governmental Lender Note Notes to be “"federally guaranteed” " within the meaning of Section 149(b) of the Code and the Regulations and rulings thereunder.. T-27388.001/1127884.doc Council Agenda: 9-9-2014

No Federal Guarantee. Except to the extent permitted by Section 149(b) of the Code and the Treasury Regulations and rulings thereunder, the Borrower shall not take or omit to take any action which would cause the Governmental Lender Note Notes to be “"federally guaranteed” " within the meaning of Section 149(b) of the Code and the Treasury Regulations and rulings thereunder.

No Federal Guarantee. Except to the extent permitted by Section 149(b) of the Code and the Regulations and rulings thereunder, the Borrower shall not take or omit to take any action which would cause the Tax Exempt Governmental Lender Note to be “federally guaranteed” within the meaning of Section 149(b) of the Code and the Regulations and rulings thereunder.