Common use of Applicable Spending Exceptions Clause in Contracts

Applicable Spending Exceptions. The following optional rebate spending exceptions can apply to the Bonds: 6-month spending exception (Code § 148(f)(4)(B) and Regulations § 1.148-7(c)).

Applicable Spending Exceptions. The following optional rebate spending exceptions can exception may apply to the Bonds: 6-month spending exception (Code § 148(f)(4)(B) and Regulations § 1.148-7(c)).