No Arbitrage. The County shall not take, or permit or suffer to be taken by the Fiscal Agent or otherwise, any action with respect to the proceeds of the Bonds which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the date of issuance of the Bonds would have caused the Bonds to be “arbitrage bonds” within the meaning of section 148 of the Code.
Appears in 2 contracts
Sources: Fiscal Agent Agreement, Fiscal Agent Agreement
No Arbitrage. The County District shall not take, or permit or suffer to be taken by the Fiscal Paying Agent or otherwise, any action with respect to the proceeds of the Bonds which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the date of issuance of the Bonds would have caused the Bonds to be “arbitrage bonds” within the meaning of section 148 of the Code.
Appears in 2 contracts
Sources: Paying Agent Agreement, Paying Agent Agreement
No Arbitrage. The County shall not take, or permit or suffer to be taken by the Fiscal Agent or otherwise, any action with respect to the proceeds of the 2013 Bonds which, if such action had been reasonably expected to have been taken, or had been deliberately and intentionally taken, on the date of issuance of the 2013 Bonds would have caused the 2013 Bonds to be “arbitrage bonds” within the meaning of section 148 of the Code.
Appears in 1 contract
Sources: Fiscal Agent Agreement