Qualified bond definition

Qualified bond means a bond that is qualified under this act for state loans as provided in section 16 of article IX of the state constitution of 1963. A qualified bond includes the interest amount required for payment of a school district's net interest obligation under an interest rate exchange or swap, hedge, or other agreement entered into pursuant to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821, but does not include a termination payment or similar payment related to the termination or cancellation of an interest rate exchange or swap, hedge, or other similar agreement. A qualified bond may include a bond issued to refund loans owed to the state under this act.
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Qualified bond. Election with respect to the Agreement. Lessee hereby irrevocably elects to have Section 6431(f) of the Code apply to the Agreement. Lessee hereby acknowledges that as a consequence of this election, Lessor (including its successors and assigns) will not be entitled to a tax credit as a result of ownership of the Agreement.
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Qualified bond means a revenue bond that is a "qualified bond" within the meaning of Section 141(e) of the Code, the interest or distributions in respect of which are excluded from gross income for federal income tax purposes, and which is secured by, among other collateral, a mortgage on a multifamily housing property constituting a "qualified residential rental property" under Section 142(d) of the Code (or a predecessor provision) which secures a Qualified Bond.
Sample 1

Examples of Qualified bond in a sentence

  • These generally include electronic fil- ing, as well as magnetic tape, tape car- tridge, diskette, and other media spe- cifically permitted under the applica- ble regulations, procedures, publica- tions, forms, instructions, or other guidance.(2) Qualified bond.

  • Qualified bond means a qualified bond as defined in section 141(e).

  • If youof the proceeds or $5 million (whichever isGovernment Obligationsmust file a tax return, you are required to showless).any tax-exempt interest you received on your Qualified bond.

  • Mr. Kulp responded that a refinancing does not count against the amount of new Bank Qualified bond deals the EDA is permitted to issue each calendar year.

Related to Qualified bond

  • Related Bond means, in respect of an Inflation Index, the bond specified as such in the applicable Final Terms. If the Related Bond specified in the applicable Final Terms is "Fallback Bond", then, for any Related Bond determination, the Calculation Agent shall use the Fallback Bond. If no bond is specified in the applicable Final Terms as the Related Bond and "Fallback Bond: Not Applicable" is specified in the applicable Final Terms, there will be no Related Bond. If a bond is specified as the Related Bond in the applicable Final Terms and that bond redeems or matures before the End Date (i) unless "Fallback Bond: Not Applicable" is specified in the applicable Final Terms, the Calculation Agent shall use the Fallback Bond for any Related Bond determination and (ii) if "Fallback Bond: Not Applicable" is specified in the applicable Final Terms, there will be no Related Bond.

  • Reference Bond means for any Reset Period a government security or securities issued by the state responsible for issuing the Specified Currency (which, if the Specified Currency is euro, shall be Germany) selected by the Issuer on the advice of an investment bank of international repute as having an actual or interpolated maturity comparable with the relevant Reset Period that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities denominated in the same currency as the Notes and of a comparable maturity to the relevant Reset Period.