Common use of Private Activity Bond Limitation Clause in Contracts

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. The District shall assure will ensure that the proceeds of the Bonds Lease Payments are not so used as to cause the Bonds District’s obligations hereunder to satisfy the private business tests of section Section 141(b) of the Tax Code or the private loan financing test of section Section 141(c) of the Tax Code.

Private Activity Bond Limitation. The District shall assure that the proceeds of the Bonds Lease Payments are not so used as to cause the Bonds District’s obligations hereunder 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 the proceeds of the Bonds this Lease are not so used as to cause the Bonds 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 CodeCode (including in connection with any substitution of the Site and Facilities pursuant to Section 3.4).

Private Activity Bond Limitation. The District shall assure that the proceeds of the Bonds applicable series of bonds are not so used as to cause the Bonds said bonds to satisfy the private business tests of section Section 141(b) of the Tax Code or the private loan financing test of section Section 141(c) of the Tax Code.