Common use of No Abusive Arbitrage Device Clause in Contracts

No Abusive Arbitrage Device. The Certificates are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.

Appears in 2 contracts

Sources: Lease Purchase Agreement, Site Lease

No Abusive Arbitrage Device. The Certificates are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.advantage and

Appears in 1 contract

Sources: Tax Compliance Agreement

No Abusive Arbitrage Device. The Lease and Certificates are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.advantage and

Appears in 1 contract

Sources: Tax Compliance Agreement

No Abusive Arbitrage Device. The Certificates are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City to exploit the difference between tax-tax- exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-tax- exempt bond market.

Appears in 1 contract

Sources: Tax Compliance Agreement

No Abusive Arbitrage Device. The Certificates are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.and

Appears in 1 contract

Sources: Tax Compliance Agreement

No Abusive Arbitrage Device. The City Lease Agreement and Certificates are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.

Appears in 1 contract

Sources: Tax Compliance Agreement

No Abusive Arbitrage Device. The Certificates and the Lease are not and will not be part of a transaction or series of transactions that has the effect of (1) enabling the City to exploit the difference between tax-exempt and taxable interest rates to gain a material financial advantage, and (2) overburdening the tax-exempt bond market.

Appears in 1 contract

Sources: Tax Compliance Agreement