Examples of Leveraging Bonds in a sentence
In the event any tax-exempt debt obligations are issued by or on behalf of the Department, the proceeds of which (or any portion of the proceeds of which) are loaned to the City for the purpose of funding the Loan (the "Leveraging Bonds"), then the City will not take any action or fail to take any action that could cause the Leveraging Bonds to be "arbitrage bonds" or "private activity bonds" under the Code.
In the event any tax- exempt debt obligations are issued by or on behalf of the Department, the proceeds of which (or any portion of the proceeds of which) are loaned to the City for the purpose of funding the Loan (the "Leveraging Bonds"), then the City will not take any action or fail to take any action that could cause the Leveraging Bonds to be "arbitrage bonds" or "private activity bonds" under the Code.