Tax Exempt Debt definition

Tax Exempt Debt means the existing tax exempt financing encumbering the Property which is to be refunded as a part of the Conversion.
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Tax Exempt Debt. Municipal Tax Exempt Debt or Local Furnishing Bonds.
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Tax Exempt Debt means the existing tax exempt financing encumbering the Property, namely the outstanding principal balance of the City of Escondido, California, Variable Rate Demand Multifamily Housing Revenue Bonds, Series 1985B (Morning View Terrace Project), and any successor or refunding debt with respect thereto.
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Examples of Tax Exempt Debt in a sentence

  • Nothing in this Agreement shall compel any Participating TO or Municipal Tax Exempt TO which has issued Tax Exempt Debt to violate restrictions applicable to transmission facilities financed with Tax Exempt Debt or contractual restrictions and covenants regarding use of transmission facilities.

  • To assist Tax Exempt Participating TOs in identifying at the earliest opportunity Impending Adverse Tax Actions or Actual Adverse Tax Actions, the CAISO promptly shall provide to Participating TOs any non-confidential information regarding any CAISO plans, actions, or operating protocols that the CAISO believes might adversely affect the tax-exempt status of any Tax Exempt Debt issued by, or for the benefit of, a Tax Exempt Participating TO.

  • Municipal Tax Exempt Debt does not include Local Furnishing Bonds.

  • The Tax Exempt Debt Service Reserve Account shall have $12,501,000 on deposit therein on the Closing Date and the Agent shall have received satisfactory evidence thereof.

  • The California General Partnership has complied with all covenants contained in any and all documents and laws required to be complied with to ensure that such interest payable with respect to the Tax Exempt Debt is and continues to be excluded from gross income for federal income tax purposes.

  • For the specific modeling techniques used in this paper, see (Yuret, 2008).

  • Tax-exempt obligations also have significant restrictions, as described in Section IX, Private Activity Use Limitations on Tax Exempt Debt.

  • Withdraw for Tax Reasons or Withdrawal for Tax Reasons In accordance with Section 3.4 of this Agreement, withdrawal from this Agreement, or withdrawal from the ISO's Operational Control of all or any portion of the transmission lines, associated facilities or Entitlements that were financed in whole or in part with proceeds of the Tax Exempt Debt that is the subject of an Impending Adverse Tax Action or an Actual Adverse Tax Action.

  • Except for certain regulatory restrictions pertaining to the Tax Exempt Debt, the Property is not subject to any applicable rent control ordinance or law and, to the knowledge of the Existing Partners, no such ordinance or law is pending or threatened by any governmental authority, agency or quasi-governmental entity with jurisdiction over the Property.

  • Tax Exempt Debt Reserves have been assigned by the California General Partnership to the Existing Partners.


More Definitions of Tax Exempt Debt

Tax Exempt Debt means those obligations to be paid by Seller at Closing set forth in Schedule 9.13.
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Tax Exempt Debt means (a) all indebtedness, liabilities and obligations of every kind or nature, absolute or contingent, now existing or hereafter arising, of the Tribe, its successors and assigns, under the Indenture, the Bonds, Additional Bonds, any Financing Documents or any other documents, instruments or agreements executed in connection with any of the foregoing (the foregoing, collectively, the "TRANSACTION DOCUMENTS"), owing to the Trustee or any holder of Bonds or Additional Bonds and their successors and assigns and any Person who extends credit to the Tribe for the purpose of refunding any such indebtedness, liabilities or obligations, including without limitation the principal of, and interest on (including any interest accruing after the commencement of any bankruptcy, insolvency or similar proceeding with respect to the Tribe and any interest which would have accrued but for the commencement of any such proceeding whether or not allowed as a claim in that proceeding), and all premiums, fees, charges and expenses arising under or in connection with the Indenture, the Bonds, Additional Bonds or any other Transaction Document; and (b) any modifications, amendments, refundings, renewals or extensions of any indebtedness or obligation described in clause (a) above. Except as and to the extent provided herein, the Consultant will not ask, demand, sue xxx, take or receive from the Tribe, by set-off or in any other manner, direct or indirect payment (whether in cash or property), of the whole or any part of the Subordinated Obligations, or any transfer of any property in payment of or as security therefor, so long as there exists an Event of Default under the Indenture.
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Tax Exempt Debt shall have the meaning assigned to such term in SECTION 2.2(c).
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Tax Exempt Debt means Holding’s tax exempt corporate bonds identified on Schedule 6.1, any exchange notes issued in exchange therefor, in each case pursuant to their respective Indentures, also identified on Schedule 6.1, and any other tax exempt corporate bonds or similar debt securities issued by Holding after the Amendment and Restatement Effective Date. “Tax Exempt Debt Documents” means the Tax Exempt Debt, the Indentures identified on Schedule 6.1 and all other documents executed and delivered with respect to the Tax Exempt Debt or the Indentures identified on Schedule 6.1. “Term Lender” means a Lender having a Term Loan Commitment or holding a Term Loan. “Term Loan” means (i) a Term Loan made by a Term Lender to Company on the Amendment and Restatement Effective Date pursuant to Section 2.1(a) or (ii) an Additional Term Loan. The amount of each Lender’s Term Loan on the Amendment and Restatement Effective Date is set forth on Appendix A-1 or in the applicable Joinder Agreement pursuant to -60- 105376510
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Related to Tax Exempt Debt

  • Tax Exempt Obligations means any bond, note or other obligation issued by any person, the interest on which is excludable from gross income for federal income tax purposes.

  • Tax-Exempt Bond means any of a series of the Schwarz Paper Building Redevelopment Project Tax Allocation Bonds of the City, the interest on which is determined by the City to be excludable from gross income for federal income tax purposes.

  • Tax-Exempt means with respect to interest on any obligations of a state or local government, including the Bonds, that such interest is excluded from gross income for federal income tax purposes; provided, however, that such interest may be includable as an item of tax preference or otherwise includable directly or indirectly for purposes of calculating other tax liabilities, including any alternative minimum tax or environmental tax, under the Code.

  • Tax Exempt Person means a person who is exempt from tax under Part I of the Tax Act.

  • Tax-Exempt Bonds means Bonds of a Series the interest on which, in the opinion of Bond Counsel on the date of original issuance thereof, is excludable from gross income for federal income tax purposes.

  • Tax-Exempt Organization means a "governmental unit," as such term is used in Sections 141 and 148 of the Code.

  • Nonrecourse Indebtedness means, with respect to a Person, Indebtedness for borrowed money in respect of which recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, voluntary bankruptcy, collusive involuntary bankruptcy and other similar customary exceptions to nonrecourse liability) is contractually limited to specific assets of such Person encumbered by a Lien securing such Indebtedness.

  • Tax Exempt Bond-Financed Development means a Development which has been financed by the issuance of tax-exempt bonds subject to applicable volume cap pursuant to Section 42(h)(4) of the IRC.

  • Delinquent debt means (1) any debt owed to FCIC that has not been paid by the termination date specified in the applicable contract of insurance, or other due date for payment contained in any other agreement, or notification of indebtedness, and (2) any overdue amount owed to FCIC by a debtor which is the subject of an installment payment agreement which the debtor has failed to satisfy under the terms of such agreement.

  • Nonexempt property means property that is not a principal residence, qualified agricultural property, qualified forest property, supportive housing property, industrial personal property, commercial personal property, or property occupied by a public school academy.

  • Tax Exemption means any financial assistance granted to a project which is based upon all or a portion of the taxes which would otherwise be levied and assessed against a project but for the involvement of the Agency in such project.

  • Permitted Tax Restructuring means any reorganizations and other activities related to tax planning and tax reorganization (as determined by the Company in good faith) so long as such Permitted Tax Restructuring is not materially adverse to the Holders of the Notes.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Permitted Purchase Money Debt Purchase Money Debt of Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $5,000,000 at any time.

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

  • Payment in lieu of taxes means those estimated tax revenues from real property in a redevelopment project area derived from real property that has been acquired by a municipality which according to the redevelopment project or plan is to be used for a private use which taxing districts would have received had a municipality not acquired the real property and adopted tax increment allocation financing and which would result from levies made after the time of the adoption of tax increment allocation financing to the time the current equalized value of real property in the redevelopment project area exceeds the total initial equalized value of real property in said area.

  • Current Debt of any Person shall mean as of the date of any determination thereof (i) all Indebtedness of such Person for borrowed money other than Funded Debt of such Person and (ii) Guaranties by such Person of Current Debt of others.

  • Estimated Indebtedness has the meaning set forth in Section 2.4(a).

  • Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before the occurrence of the Effective Date.

  • Permitted Unsecured Indebtedness Indebtedness of any Loan Party (a) that is not (and any Guarantees thereof by any Loan Party are not) secured by any collateral (including the Collateral), (b) that does not mature earlier than the date that is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof and has a weighted average life to maturity no shorter than the Facility of Term Loans with the Latest Maturity Date in effect at the time of incurrence of such Indebtedness, (c) that does not provide for any amortization, mandatory prepayment, redemption or repurchase (other than upon a change of control, fundamental change, customary asset sale or event of loss mandatory offers to purchase and customary acceleration rights after an event of default and, for the avoidance of doubt, rights to convert or exchange into Capital Stock of the Borrower in the case of convertible or exchangeable Indebtedness) prior to the date that is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof, (d) that contains covenants, events of default, guarantees and other terms that are customary for similar Indebtedness in light of then-prevailing market conditions (it being understood and agreed that such Indebtedness shall not include any financial maintenance covenants and that applicable negative covenants shall be incurrence-based to the extent customary for similar Indebtedness) and, when taken as a whole (other than interest rates, rate floors, fees and optional prepayment or redemption terms), are not more favorable to the lenders or investors providing such Permitted Unsecured Indebtedness, as the case may be, than those set forth in the Loan Documents are with respect to the Lenders (other than covenants or other provisions applicable only to periods after the Latest Maturity Date then in effect at the time of incurrence thereof); provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness or the modification, refinancing, refunding, renewal or extension thereof (or such shorter period of time as may reasonably be agreed by the Administrative Agent), together with a reasonably detailed description of the material terms and conditions of such resulting Indebtedness or drafts of the material definitive documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirements shall be conclusive, and (e) that is not guaranteed by any Person other than on an unsecured basis by the Borrower and/or Restricted Subsidiaries that are Loan Parties.

  • Consolidated Unsecured Indebtedness means, at any time, the portion of Consolidated Total Indebtedness that is Unsecured Debt.

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Qualifying Debt means amount due, which includes interest or any other sum due in respect of the amounts owed under any contract, by the debtor for a liquidated sum either immediately or at certain future time and does not include—

  • Consolidated Funded Indebtedness means, as of any date of determination with respect to the MLP and its Subsidiaries on a consolidated basis, without duplication, the sum of: (a) all obligations for borrowed money (including the Obligations) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) the maximum amount available to be drawn under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (c) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business); (d) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by the MLP or a Subsidiary (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by the MLP or such Subsidiary or is limited in recourse; (e) all Attributable Indebtedness; (f) all obligations to purchase, redeem, retire, defease or otherwise make any payment prior to the Maturity Date in respect of any Equity Interests or any warrant, right or option to acquire such Equity Interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; (g) all Guarantees with respect to Indebtedness of the types specified in clauses (a) through (f) above of another Person; and (h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which any Loan Party or any Subsidiary is a general partner or joint venturer, except to the extent that Indebtedness is expressly made non-recourse to such Person.

  • Purchase Money Debt means Debt:

  • Related Indebtedness means any and all indebtedness paid or payable by Borrower to Administrative Agent or any Lender pursuant to any Loan Document other than any Note.