Common use of Recycling Transactions Clause in Contracts

Recycling Transactions. Notwithstanding any provision of this Governmental Lender Note or the Funding Loan Agreement to the contrary, the Governmental Lender shall be permitted to direct Project Note prepayments to be transferred to a custodian or trustee selected by the Governmental Lender, in lieu of application to prepay a like portion of this Governmental Lender Note, so long as the Governmental Lender simultaneously causes other funds to be applied to prepay such portion of this Governmental Lender Note. The preceding provisions shall apply only for purposes of preserving or “recycling” private activity bond volume cap in accordance with Section 146(i)(6) of the Code.

Recycling Transactions. Notwithstanding any provision of this Funding Loan Agreement or the Governmental Lender Note or the Funding Loan Agreement to the contrary, the Governmental Lender shall be permitted to direct any Project Note prepayments to be transferred to a custodian or trustee selected by the Governmental Lender, in lieu of application to prepay a like portion of this the Governmental Lender Note, so long as the Governmental Lender simultaneously causes other funds to be applied to prepay such portion of this the Governmental Lender Note. The preceding provisions shall apply only for purposes of preserving or “recycling” private activity bond volume cap in accordance with Section 146(i)(6) of the Code.

Recycling Transactions. Notwithstanding any provision of this Governmental Lender Note or the Funding Loan Agreement or the Governmental Note to the contrary, the Governmental Lender shall be permitted to direct payments of the Project Note prepayments to be transferred to a custodian or trustee selected by the Governmental Lender, in lieu of application to prepay a like portion of this the Governmental Lender Note, so long as the Governmental Lender simultaneously causes other funds to be applied to prepay such portion of this the Governmental Lender Note. The preceding provisions shall apply only for purposes of preserving or “recycling” private activity bond volume cap in accordance with Section 146(i)(6) of the Code.. 4837-1660-0800.3

Recycling Transactions. Notwithstanding any provision of this Governmental Lender Note or the Funding Loan Agreement to the contrary, the Governmental Lender shall be permitted to direct Project Note prepayments to be transferred to a custodian or trustee selected by the Governmental Lender, in lieu of application to prepay a like portion of this Governmental Lender Note, so long as the Governmental Lender simultaneously causes other funds to be applied to prepay such portion of this Governmental Lender Note. The preceding provisions shall apply only for purposes of preserving or “recycling” private activity bond volume cap in accordance with Section 146(i)(6) of the Code.. This Note may not be changed orally. 4837-1660-0800.3

Recycling Transactions. Notwithstanding any provision of this Governmental Lender Note or the Funding Loan Agreement or the Governmental Lender Notes to the contrary, the Governmental Lender shall be permitted to direct any Project Note prepayments to be transferred to a custodian or trustee selected by the Governmental Lender, in lieu of application to prepay a like portion of this the Governmental Lender NoteNotes, so long as the Governmental Lender simultaneously causes other funds to be applied to prepay such portion of this the Governmental Lender NoteNotes. The preceding provisions shall apply only for purposes of preserving or “recycling” private activity bond volume cap in accordance with Section 146(i)(6) of the Code.