Recovery Zone Facility Bonds definition

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, 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 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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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.

  • A legal memo from bond counsel which states that based on a preliminary review, the proposed Project qualifies for Recovery Zone Facility Bonds under the American Recovery and Reinvestment Act of 2009 and federal tax law.

  • 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.

  • Ninety (90) One-Hundred Eighty (180) days for the issuance of Beginning Farmer Bonds, Mortgage Revenue Bonds, Small-Issue Industrial Development Bonds, Exempt Facility Bonds, Recovery Zone Facility Bonds, Recovery Zone Economic Development Bonds, Qualified Public Educational Facility Bonds and the conversion of Bonds to Mortgage Credit Certificate authority.

  • Subsequent Allocations for Recovery Zone Economic Development Bonds may be made only from Volume Cap related to Initial Allocations for Recovery Zone Economic Development Bonds returned to the State by waiver or deemed waiver and Subsequent Allocations for Recovery Zone Facility Bonds may be made only from Volume Cap related to Initial Allocations for Recovery Zone Facility Bonds returned to the State by waiver or deemed waiver.

  • All other Projects requesting Recovery Zone Facility Bonds are funded as Tier 3 Projects.

  • Pursuant to Resolution No. A-85768, adopted March 8, 2010, the City has declared the entire area within the boundaries of the City as a “Recovery Zone” to provide for the issuance of Recovery Zone Facility Bonds pursuant to Section 1400U-3 of the Internal Revenue Code of 1986, as amended (the “Code”), and has received an allocation of the national Recovery Zone Facility Bonds limitation in the amount of $26,256,000 pursuant to the American Recovery and Reinvestment Tax Act of 2009.

  • 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.

  • A county or large municipality that is only requesting all or a portion of reallocation that was voluntarily waived need only provide a written request and documentation that the Project is ready to issue the Recovery Zone Facility Bonds prior to the expiration date of December 31, 2010.


More Definitions of Recovery Zone Facility Bonds

Recovery Zone Facility Bonds. “ means Recovery Zone Facility Bonds within the meaning of Section 1400U-3(b) o the Code.
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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 means bonds that are treated as such for purposes of 26 USC 1400U-3.
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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 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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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, in relation to a Facility, the aggregate for the time being of each Lender’s Available Commitment in respect of that Facility.

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

  • Eligible facility means a gas-fired electric generation facility with a nominal capacity of 1,000 MW or less.

  • Securitization Facility means any of one or more receivables or securitization financing facilities as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, the Obligations of which are non-recourse (except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to the Issuer or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) pursuant to which the Issuer or any of its Restricted Subsidiaries sells or grants a security interest in its accounts receivable or Securitization Assets or assets related thereto to either (a) a Person that is not a Restricted Subsidiary or (b) a Securitization Subsidiary that in turn sells its accounts receivable to a Person that is not a Restricted Subsidiary.

  • 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

  • On-site facility means a structural BMP located within the subject property boundary described in the permit application for land development activity.

  • 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.

  • Aquaculture facility means the same as that term is defined in Section 4-37-103.

  • 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

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

  • 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 has the meaning set forth in the Intercreditor Agreement.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • 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.

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

  • Test Facility means any WRAS suitably accredited test laboratory;