Tax Covenant. The Recipient agrees that it will not take or authorize any action or permit any action within its reasonable control to be taken, or fail to take any action within its reasonable control, with respect to the Project which would result in the loss of the exclusion of interest on the Bonds from gross income for federal income tax purposes under Section 103 of the Code.
Appears in 4 contracts
Samples: waterboards.ca.gov, pub-lamesa.escribemeetings.com, Community Services District And
Tax Covenant. β The Recipient agrees that it will not take or authorize any action or permit any action within its reasonable control to be taken, or fail to take any action within its reasonable control, with respect to the Project which would result in the loss of the exclusion of interest on the Bonds from gross income for federal income tax purposes under Section 103 of the Code.
Appears in 4 contracts
Samples: Construction Installment Sale Agreement, sccsd.diligent.community, sfgov.legistar.com
