Tax Exempt Debt definition

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 which is to be refunded as a part of the Conversion.
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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

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


More Definitions of Tax Exempt Debt

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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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 means those obligations to be paid by Seller at Closing set forth in Schedule 9.13.
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Tax Exempt Debt shall have the meaning assigned to such term in SECTION 2.2(c).
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Related to Tax Exempt Debt

  • 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.

  • Nonrecourse Indebtedness means, with respect to a Person, an Extension of Credit or other Indebtedness in respect of which recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, and other similar customary exceptions to recourse liability) is contractually limited to specific assets of such Person encumbered by a Lien securing such Extension of Credit or other 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.

  • 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.

  • Permitted Tax Restructuring means any reorganizations and other activities related to Tax planning and reorganization entered into prior to, on or after the date hereof (including the Transactions) so long as such Permitted Tax Restructuring is not adverse to the Lenders in any material respect (as reasonably determined by the Borrower in good faith); provided that the Transactions shall not be considered adverse to the Lenders, in any material respect.

  • 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:

  • Consolidated Funded Indebtedness means, as of any date of determination, for the Borrower and its Subsidiaries on a Consolidated basis, the sum of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all purchase money Indebtedness; (c) the maximum amount available to be drawn under issued and outstanding letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (d) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business); (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) without duplication, all Guarantees with respect to outstanding Indebtedness of the types specified in clauses (a) through (f) above of Persons other than the Borrower or any Subsidiary; 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 the Borrower or a Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or such Subsidiary.

  • Purchase Money Debt means Debt: