Date of Taxability definition

Date of Taxability means the earliest date as of which interest on this Bond shall have been determined to be includable in the gross income of the Bondholder pursuant to a Determination of Taxability.

Date of Taxability means the first date on which Interest is included in the gross income of the Bank for federal income tax purposes as a result of an Event of Taxability or a Determination of Taxability.

Date of Taxability means the earliest date as of which interest on the Series 2022 Bond shall have been determined to be includable in the gross income of the Bondholder pursuant to a Determination of Taxability.

Examples of Date of Taxability in a sentence

• The Date of Taxability shall mean the first date upon which Interest is included in the gross income of the Bank for federal income tax purposes as a result of a Determination of Taxability.

• Date of Taxability - The date as of which all or any part of the interest on the Bonds is first required to be included in the gross income of any holder or former holder thereof for Federal income tax purposes by reason of the occurrence of an Event of Taxability which results in a Determination of Taxability.

• In the event that the interest on the Note becomes includable in gross income for purposes of federal income taxation pursuant to a Determination of Taxability, the rate of interest then payable under the Note shall automatically be increased from and after the Date of Taxability, to an annual rate equal to the Taxable Rate specified in the Note (the “Taxable Rate”).

• Date of Taxability - The date as of which all or any part of the interest on the Bonds is first required to be included in the gross income of any holder or former holder thereof for Federal income tax purposes by reason of the occurrence of an "Event of Taxability" (defined in the Indenture) which results in a "Determination of Taxability" (defined in the Indenture).

• Payment shall be made to the current holders of this Bond and any former holders from the Date of Taxability until this Bond is redeemed as required herein.

More Definitions of Date of Taxability

Date of Taxability means the earliest date as of which interest on this bond shall have been determined to be includable in the gross income of any owner or prior owner of this bond as a result of a Determination of Taxability.

Date of Taxability means the earliest date as of which interest on the Note shall have been determined to be includable in the gross income of any owner or prior owner of the Note as a result of the occurrence of a Determination of Taxability.

Date of Taxability means the earliest date as of which interest on the Note shall have been determined to be includable in the gross income of the Lender as a result of a Determination of Taxability.

Date of Taxability means that point in time, as specified in the Determination of Taxability, ruling or decision, that the interest payable on the Note becomes includable in the gross income of the Lender for federal income tax purposes.

Date of Taxability means the date as of which all or any part of the interest on the Bonds is first required to be included in the gross income of any holder or former holder thereof for Federal income tax purposes by reason of the occurrence of an "Event of Taxability" (defined in the Indenture) which results in a "Determination of Taxability" (defined in the Indenture).

Date of Taxability means the date from and for which interest on the Bond is subject to federal income taxation as a result of a Determination of Taxability.

Date of Taxability means the date from and for which interest on the Bonds is subject to federal or State income taxation as a result of a Determination of Taxability.