Common use of Private Activity Clause in Contracts

Private Activity. The Agency will take no action or refrain from taking any action or make any use of the proceeds of the 2009A Bonds or of any other monies or property which would cause the 2009A Bonds to be “private activity bonds” within the meaning of Section 141 of the Tax Code;

Private Activity. The Agency and the Authority will not take no action or refrain from taking omit to take any action or make any use of the proceeds of the 2009A 2020A Bonds or of any other monies moneys or property which would cause the 2009A 2020A Bonds to be “private activity bonds” within the meaning of Section 141 of the Tax Code;.