Recovery Zone Facility Bonds definition

Recovery Zone Facility Bonds means bonds, notes or other obligations issued to finance "recovery zone property" as provided in the Code and Notice.
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Recovery Zone Facility Bonds means bonds issued in accordance with Code and the Notice for Recovery Zone property as further provided in the Code and Notice.
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Recovery Zone Facility Bonds means bonds that are treated as such for purposes of 26 USC 1400U-3.
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Examples of Recovery Zone Facility Bonds in a sentence

  • In addition, local governments could issue up to $15 billion in tax exempt Recovery Zone Facility Bonds.

  • In connection therewith, the City has issued industrial revenue bonds (IRB's) and Recovery Zone Facility Bonds (RZFB’s), which require the businesses to make lease payments to trust accounts sufficient to pay debt service on the IRB's and RZFB’s.

  • The Committee may extend the expiration date for the issuance of Recovery Zone Facility Bonds or Recovery Zone Economic Development Bonds by an additional thirty (30) days.

  • Excluding Recovery Zone Facility Bonds, Recovery Zone Economic Development Bonds, and Mortgage Credit Certificates, forFor Allocations awarded during an Open Application Process, the Executive Director may grant extensions of up to ninety (90) days.

  • AMOUNT OF ALLOCATION NAME OF ISSUER NAME OF PROJECT $1,218,000 Louisiana Local Tower Storage of Government Environmental Monroe, LLC Facilities and CommunityDevelopment Authority The LCDA is hereby designated to receive such portion of the Parish’s volume cap allocation and issue its Recovery Zone Facility Bonds for the benefit and purposes of the Project.

  • Parastatals report their expenditures and revenues in their respective annual financial report.

  • In addition, they would be allowed to allocate up to $15 billion in tax exempt Recovery Zone Facility Bonds.

  • Also for the Treasurer, State of Ohio, CWPT&G acted as Bond Counsel on a number of Ohio Enterprise Bond Fund offerings over the course of the past several years involving Tax Exempt and Taxable Bond Transactions, including Recovery Zone Facility Bonds under the Stimulus Act.

  • Motion to Create an Ad Hoc CommitteeMoved by Richardson, seconded by Wheelock to create an Ad Hoc committee to conduct interviews for two additional directors for the EDC Recovery Zone Facility Bonds for Hagerty Insurance.

  • In 2010, over $7.5 million was provided in incentives to support the growth of local businesses.6 Other key investments in economic development have included:  Implementation of the Economic Development Ad Valorem Tax Exemption. Support for a Spring Training Facility and Aquatic Nature Center. Funding of Phase I and II for a Rowing Facility. Investment of over $17 million in Recovery Zone Facility Bonds for local companies. Focus of Neighborhood Services offices on business relations.


More Definitions of Recovery Zone Facility Bonds

Recovery Zone Facility Bonds means a American Recovery and Reinvestment Act of 2009 (ARRA) created category of bonds that will be treated as exempt facility bonds for the purpose of code section 142, these bonds are limited to issuance in 2009 and 2010.
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Recovery Zone Facility Bonds means Recovery Zone Facility Bonds issued pursuant to Code Section 1400U-3, which in general are a type of private activity, exempt facility bond that permit financing of any trade or business other than certain prohibited businesses enumerated in Section 1400U-3(c)(2).
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Recovery Zone Facility Bonds means (i) The County of Xxxx, Illinois Recovery Zone Facility Revenue Bonds (Navistar International Corporation Project) Series 2010, in the aggregate principal amount of $90,000,000, which were issued under and secured by the Indenture of Trust, dated as of October 1, 2010, between the County of Xxxx, Illinois, and Citibank N.A., as trustee, as amended, restated, amended and restated, supplemented or otherwise modified from time to time, and the related Loan Agreement, dated as of October 1, 2010, between the County of Xxxx, Illinois and the Company, as amended, restated, amended and restated, supplemented or otherwise modified from time to time, and (ii) the Illinois Finance Authority Recovery Zone Facility Revenue Bonds (Navistar International Corporation Project) Series 2010, in the aggregate principal amount of $135,000,000, which were issued under and secured by the Indenture of Trust, dated as of October 1, 2010, between the Illinois Finance Authority and Citibank N.A., as trustee, as amended, restated, amended and restated, supplemented or otherwise modified from time to time, and the related Loan Agreement, dated as of October 1, 2010 between the Illinois Finance Authority and the Company, as amended, restated, amended and restated, supplemented or otherwise modified from time to time; and (h) “Term Loan Credit Agreement” means that certain Credit Agreement, dated as of November 6, 2017, by and among the Company, the Guarantor, the other borrowers party thereto, the guarantors from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and each lender from time to time party thereto, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.
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Recovery Zone Facility Bonds collectively means (i) The County of Xxxx, Illinois Recovery Zone Facility Revenue Bonds (Navistar International Corporation Project) Series 2010, in the aggregate principal amount of $90,000,000, which were issued under and secured by the Indenture of Trust dated as of October 1, 2010, between the County of Xxxx, Illinois, and Citibank N.A., as trustee (the “County of Xxxx Indenture”), and the related Loan Agreement dated as of October 1, 2010, between the County of Xxxx, Illinois and the Company (the “County of Xxxx Loan Agreement”), and (ii) the Illinois Finance Authority Recovery Zone Facility Revenue Bonds (Navistar International Corporation Project) Series 2010, in the aggregate principal amount of $135,000,000, which were issued under and secured by the Indenture of Trust dated as of October 1, 2010, between the Illinois Finance Authority and Citibank N.A., as trustee (the “Illinois Finance Authority Indenture”), and the related Loan Agreement dated as of October 1, 2010, between the Illinois Finance Authority and the Company (the “Illinois Finance Authority Loan Agreement”); (h) “Term Loan Credit Agreement” means that certain agreement that will govern the new term loan facility to be entered into on November 6, 2017 by and among the Company, Navistar, Inc., the other borrowers party thereto, the guarantors from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and each lender from time to time party thereto; and (i) The term “Recovery Zone Facility Bonds Amendment” collectively means (x) the Second Supplemental Indenture of Trust to the County of Xxxx Indenture, between the County of Xxxx, Illinois, and Citibank N.A., as trustee, and the First Amendment to the County of Xxxx Loan Agreement, between the County of Xxxx, Illinois and the Company, each dated as of November 6, 2017 and (y) the Second Supplemental Indenture of Trust to the Illinois Finance Authority Indenture, between the Illinois Finance Authority and Citibank N.A., as trustee, and the First Amendment to the Illinois Finance Authority Loan Agreement, between the Illinois Finance Authority and the Company, each dated as of November 6, 2017.
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Recovery Zone Facility Bonds. “ means Recovery Zone Facility Bonds within the meaning of Section 1400U-3(b) o the Code.
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Related to Recovery Zone Facility Bonds

  • nuclear facility means, except as otherwise agreed to by the Underwriter, any of the following, provided that Nuclear Material is contained therein or being used therewith or Nuclear Material is present at the site where the same is located:

  • Available Facility means the aggregate for the time being of each Lender’s Available Commitment.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Eligible facility means any hospital, skilled nursing facility, intermediate care facility, or basic care facility licensed by the state department of health, or any assisted living facility licensed by the department of human services; and

  • Securitization Facility means any of one or more securitization, financing, factoring or sales transactions, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, pursuant to which the Company or any of the Restricted Subsidiaries sells, transfers, pledges or otherwise conveys any Securitization Assets (whether now existing or arising in the future) to a Securitization Subsidiary or any other Person.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Energy facility means an energy plant or transmission

  • Resource recovery facility means a solid waste facility

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

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Materials recovery facility means a solid waste management facility that provides for the extraction from solid waste of recyclable materials, materials suitable for use as a fuel or soil amendment, or any combination of such materials.

  • Triage facility means a short-term facility or a portion

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Outstanding Parity Bonds means the Outstanding Series 2010B Bonds, Series 2011A Bonds, Series 2012A Bonds, Series 2014 Bonds, Series 2015 Bonds, Series 2016 Bonds, Series 2017 Bonds, and Series 2019A Bonds.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

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

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

  • Utility facility means any pipe, pipeline, duct, wire line, conduit, pole, tower, equipment or other structure used for one of the following:

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Replacement Liquidity Facility Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.