Federally Taxable Bonds definition

Federally Taxable Bonds means Bonds so designated by the Supplemental Indenture pursuant to which they are issued.
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Federally Taxable Bonds means for purposes of this resolution, any emission of Bonds, the interest on which is includable in gross income of the holders thereof for federal income tax purposes and that, when issued, qualify to receive Direct Payment Credits;
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Federally Taxable Bonds means the General Obligation Bonds, Series 2021B (Federally Taxable) of the Municipality, to be dated their date of delivery, or such other series designation and dated date as the Mayor shall determine pursuant to Section 8 hereof.
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Examples of Federally Taxable Bonds in a sentence

  • On October 23, 2013, the Authority issued $356,085,000 of fixed-rate Senior Revenue Bonds, Series 2013A (Tax-Exempt Bonds) (the “2013 Series A Bonds”) and $6,700,000 of fixed-rate Senior Revenue Bonds, Series 2013B Federally Taxable Bonds) (the “2013 Series B Bonds”).

  • Series A were issued as Qualified School Construction Bonds and Series B were issued as Federally Taxable Bonds.

  • The proceeds of the 2018 Bonds, together with certain other funds were used primarily to (i) current refund the Senior Lien Dedicated Tax Revenue and Refunding Bonds Series 2007A (the “2007A Bonds”); (ii) advance refund the Senior Lien Dedicated Tax Revenue and Refunding Bonds (Convention Center Hotel Project) Series 2010C (Federally Taxable Bonds) (the “2010C Bonds”); and (iii) fund the Debt Service Reserve Account Requirement for each series of the 2018 Bonds.

  • On December 4, 2019, AMP issued, pursuant to the PSEC MTI, its Prairie State Energy Campus Project Revenue Bonds, consisting of three series: the Refunding Series 2019B Bonds (“PSEC 2019B Bonds”), the Refunding Series 2019C Bonds (“PSEC 2019C Bonds”), and the Refunding Series 2019D (Federally Taxable) Bonds (“PSEC 2019D Bonds” and, together with the PSEC 2020B Bonds and the PSEC 2019C Bonds, the “PSEC 2019BCD Bonds”) (see Note 9).

  • The variable rate 2009 Series 1 (Federally Taxable) Bonds were issued in the amount of $415,000,000 and the 2009 Series 2 (Federally Taxable) Bonds were issued in the amount of $85,000,000 on December 23, 2009.

  • Interest on the Bonds is payable semiannually on each February 1 and August 1, commencing February 1, 2021 (each, an “Interest Payment Date”); provided, however, that principal of and interest on the Federally Taxable Bonds is payable on October 1, 2020.

  • The form of the Series 2020 Bond set forth Exhibit A shall be conformed to reflect any changes made pursuant to Section 6, and also to reflect such changes as necessary to issue any series of the Series 2020 Bonds as Tax-Exempt Bonds or Federally Taxable Bonds.

  • The bonds consist of $4.06 million of Federally Taxable Bonds, Series 2014 A with in- terest rates ranging from 2.0% to 2.8% and $65.1 million of Tax Exempt Bonds, Series 2014 B with interest rates ranging from 3.25% to 5%.

  • The fixed rate 2011 Series D Bonds were issued in the amount of $23,645,000, the 2011 Series E Bonds were issued in the amount of $72,030,000, the 2011 Series F-1 (Federally Taxable) Bonds were issued in the amount of $31,000,000, the index floating rate 2011 Series F-2 (Federally Taxable) Bonds were issued in the amount of $56,460,000 and the 2011 Series F-3 (Federally Taxable) Bonds were issued in the amount of $12,540,000.

  • On August 6, 2019, the Authority also issued $3,570,000 aggregate principal amount of Senior Revenue Bonds, Series 2019C (Federally Taxable Bonds) (the “Series 2019C Bonds”).


More Definitions of Federally Taxable Bonds

Federally Taxable Bonds means not to exceed $67,500 in aggregate principal amount of General Obligation Improvement Bonds Federally Taxable, Series 2017 of the Municipality, to be dated their date of delivery, or such other series designation and dated date as the Mayor shall determine pursuant to Section 7 hereof;
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Federally Taxable Bonds means, for purposes of this resolution, any series of Series 2020 Bonds, the interest on which is includable in gross income of the holders thereof for federal income tax purposes;
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Federally Taxable Bonds means not to exceed $2,670,000 in aggregate principal amount of General Obligation Improvement and Refunding Bonds Federally Taxable, Series 2016 of the Municipality, to be dated their date of delivery, or such other series designation and dated date as the Mayor shall determine pursuant to Section 7 hereof;
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Federally Taxable Bonds means that portion of the Bonds, if any, as determined by Bond Counsel, based upon an analysis of existing laws, regulations, rulings and court decisions, the interest on which is excluded from gross income for Federal income tax purposes.
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Related to Federally Taxable Bonds

  • Taxable Bonds means Bonds of a Series which are not Tax Exempt Bonds.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Bank Bonds shall have the meaning ascribed thereto in Section 4.06(b)(i) hereof.

  • State premium tax liability means any liability

  • Corporate Bonds means debt securities issued by private and public corporations.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.

  • the Macfarlane (Special Payments) (No. 2) Trust means the trust of that name, established on 3rd May 1991 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia and other beneficiaries;

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Sinking Fund Account means the sinking fund account established and held by the Treasurer of Charleston County designed to provide for the payment of the principal of, premium, if any, and interest on the Bonds, as the same respectively fall due.

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by

  • Bond and Interest Fund means the Bond and Interest Fund of the Issuer for its general obligation bonds.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Sinking Fund means each Sinking Fund Subaccount under the Indenture. To the extent necessary for compliance with the Authority’s tax covenants and other provisions of the Indenture and the Act, the Authorized Officers of the Authority may subdivide each such subaccount in respect of separate categories or issues of Sinking Fund Bonds.

  • 2026 Notes means the 7.75% Senior Notes due 2026, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • REO Imputed Interest As to any REO Property, for any calendar month during which such REO Property was at any time part of REMIC I, one month's interest at the applicable Net Mortgage Rate on the Stated Principal Balance of such REO Property (or, in the case of the first such calendar month, of the related Mortgage Loan, if appropriate) as of the close of business on the Distribution Date in such calendar month.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Revenue bonds means revenue bonds authorized to be issued pursuant to this Act.