Private Activity definition

Private Activity means an event sponsored by private individuals, businesses or organizations that is not a commercial or community service activity.

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Private Activity means an activity sponsored by a private individual, business or organization that is not open to the general public. Private activities include, but are not lim- ited to, banquets, receptions, award ceremonies, weddings, concerts, dances, and seminars.

Private Activity means an activity carried on in circumstances that may reasonably be taken to indicate that the parties to it desire it to be observed only by themselves, but does not include (a) an activity carried on outside a building; or (b) an activity carried on in any circumstances in which the parties to it ought reasonably to expect that it may be observed by someone else.

Examples of Private Activity in a sentence

For private activity bonds, use Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues.
Section 5.1. Maintenance, Utilities, Taxes and Assessments 23 Section 5.2. Operation of Enterprise 24 Section 5.3. Public Liability and Property Damage Insurance 24 Section 5.4. Casualty Insurance 24 Section 5.5. Insurance Premiums; Self-Insurance 24 Section 5.6. Eminent Domain 25 Section 5.7. Records and Accounts 25 Section 5.8. Private Activity Bond Limitation 25 Section 5.9. Maintenance of Tax-Exemption 25 Section 5.10.
The Executive Director recommends that the CMFA Board of Directors approve new accounts for the Preservation of Private Activity Bond Volume Cap at RBC.
Interest on certain Qualified Private Activity Bonds is excludable from gross income for federal income tax purposes if certain tests are met.
Each Request for Advance shall be signed by a Designated Representative and shall specify: (A) whether the requested Advance shall be a Tax-Exempt Loan or a Taxable Loan and (B) the LIBOR Period applicable to such Revolving Loan; provided, further that with respect to a Tax-Exempt Loan, the Department shall also specify whether such loan will be a Governmental Loan or Private Activity Loan.
The information furnished by the Company and used by the issuer in preparing I.R.S. Form 8038, "Information Return for Private Activity Bond Issues", which has been filed by or on behalf of the Issuer with the Internal Revenue Service Center in Philadelphia, Pennsylvania, pursuant to Section 103(l) of the Code, was true and complete as of the date of filing thereof.
The Department shall have the option to convert (a) the unpaid principal amount of any Taxable Loan to a Taxable Term Loan, (b) the unpaid principal amount of any Governmental Loan to a Tax-Exempt (Governmental) Term Loan, and (c) the unpaid principal amount of any Private Activity Loan to a Tax-Exempt (Private Activity) Term Loan, in each case on the Revolving Loan Maturity Date, if the conditions set forth in Section 3.07 hereof are satisfied on the Revolving Loan Maturity Date.
The Corporation will instruct and assist the County in filing all appropriate returns, reports and attachments to income tax returns required by the Code, including without limitation the Information Return for Tax-Exempt Private Activity Bond Issues (Form 8038).
The Department shall not take any action or omit to take any action with respect to the use of proceeds of any Governmental Loan or Private Activity Loan, or the projects financed or refinanced with such proceeds, upon the advice or approval of Bond Counsel other than ▇▇▇▇▇ ▇▇▇▇ LLP, unless the Department delivers to the Bank a new opinion of Bond Counsel in form and substance satisfactory to the Bank in its sole discretion.
Each such payment to the United States shall be made to the Internal Revenue Service, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or to such other address as shall be specified by the Department of Treasury and shall be accompanied by (i) a copy of the Information Return for Private Activity Bond Issues (Internal Revenue Service Form 8038) filed by the Issuer upon the issuance of the Bonds and (ii) a statement summarizing the determination of the Rebate Amount required to be paid to the United States.

More Definitions of Private Activity

Private Activity means an activity carried on in circumstances that may reasonably be taken to indicate the parties to the activity desire it to be observed only by themselves, but does not include an activity carried on in circumstances in which the parties to the activity ought reasonably to expect the activity may be observed by someone else;

Private Activity means any activity, function, meeting or other use of the Facility other than Official Activities that is authorized by this Policy.

Private Activity means any activity carried on in circumstance that may reasonably be taken to indicate that any of the parties to the activity desires it to be observed only by themselves . . .

Private Activity means an activity carried on in circumstances that may reasonably be taken to indicate that the parties to it desire it to be observed only by themselves, but does not include —

Private Activity means more than 10% of bond issue finances privately owned or used facilities (e.g. individuals’ homes, apartment buildings with a for-profit owner or even simply tax credit investor)

Private Activity means an [e]Event sponsored by private individuals, businesses or organizations that [is]are not [a c]Commercial Activities or [c]Community [s]Service [activity]Activities.