Private Activity Bond Limitation. The District shall assure that the proceeds of the Bonds are not so used as to cause the Bonds to satisfy the private business tests of section 141(b) of the Code or the private loan financing test of section 141(c) of the Code.
Private Activity Bond Limitation. Except as otherwise permitted by the Code, the City shall assure that proceeds of the Bonds are not so used as to cause the Tax- Exempt Bonds to satisfy the private business tests of section 141(b) of the Code.
Private Activity Bond Limitation. The District and the Authority shall assure that proceeds of the Certificates are not so used as to cause the Certificates or the Installment Sale Agreement to satisfy the private business tests of section 141(b) of the Tax Code or the private loan financing test of section 141(c) of the Tax Code.
Private Activity Bond Limitation. The District shall assure that monies deposited pursuant to this Loan Agreement are not so used as to cause this Loan Agreement to satisfy the private business tests of Section 141(b) of the Code or the private loan financing test of Section 141(d) of the Code.
Private Activity Bond Limitation. The Lessee will assure that the proceeds of each Lease are not so used as to cause the obligations of the Lessee under that Lease to satisfy the private business tests of Section 141(b) of the Code or the private loan financing test of section 141(c) of the Code.
Private Activity Bond Limitation. The City shall assure that the proceeds of the Prior Bonds and of the 2016 Bonds are not so used as to cause the Prior Bonds or the 2016 Bonds to satisfy the private business tests of section 141(b) of the Code or the private loan financing test of section 141(c) of the Code.
Private Activity Bond Limitation. The Authority shall assure that the proceeds of the Bonds are not used in a manner which would cause the Bonds to become “private activity bonds” within the meaning of section 141(a) of the Code or to meet the private loan financing test of Section 141(c) of the Code.
Private Activity Bond Limitation. The City shall assure that the proceeds of the Advance are not used as to cause the Bonds to satisfy the private business tests of Section 141(b) of the Tax Code or the private loan financing test of Section 141(c) of the Internal Revenue Code of 1986, as amended (the “Tax Code”).
Private Activity Bond Limitation. The District shall assure that the proceeds of this Lease are not so used as to cause this Lease to satisfy the private business tests of section 141(b) of the Code or the private loan financing test of section 141(c) of the Code (including in connection with any substitution of the Site and Facilities pursuant to Section 3.4).
Private Activity Bond Limitation. The School District shall assure that the proceeds of the 2005 Bonds and of the 2014 Bonds are not so used as to cause the 2005 Bonds or the 2014 Bonds to satisfy the private business tests of section 141(b) of the Code or the private loan financing test of section 141(c) of the Code.
