Common use of Interpretation of this Section Clause in Contracts

Interpretation of this Section. The purpose of this Section 408 is to satisfy the requirements of the Rebate Provision. Accordingly, this section shall be construed so as to meet such requirements. The Company covenants that all action taken under this section shall be taken in a manner that complies with the Rebate Provision and that it shall neither take any action nor omit to take any action that would cause the Bonds to be arbitrage bonds by reason of the failure to comply with the Rebate Provision. To the extent any payment of rebatable arbitrage or penalty in lieu of rebate is not timely made to the United States, the Company shall pay to the United States on behalf of the Authority any correction amount, interest, penalty, or other amount necessary to prevent any series of Bonds from becoming arbitrage bonds within the meaning of IRC Section 148. The Company covenants that to the extent necessary it shall obtain the advice and assistance of experts to aid it in complying with the Rebate Provision.