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 1985X (Xxxxxxx Xxxxxxx Xxxject), 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 Organization means a "governmental unit," as such term is used in Sections 141 and 148 of the Code.

  • 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.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness, determined as of and immediately prior to the Closing.

  • 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.

  • Permitted Unsecured Indebtedness means Indebtedness of the Borrower or any Restricted Subsidiary (a) that is not (and any Guarantees thereof by the Borrower or Restricted Subsidiaries 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 under this Agreement then in effect, and has a weighted average life to maturity no shorter than the Class of Term Loans with the latest maturity date in effect at the time of incurrence of such Indebtedness, (c) that, in the case of such Indebtedness in the form of bonds, debentures, notes or similar instrument, 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 in the case of convertible or exchangeable Indebtedness) prior to the date that is the latest maturity date in effect at the time of incurrence of such Indebtedness, (d) that contains covenants, events of default, guarantees and other terms that are customary for similar Indebtedness in light of then-prevailing market conditions and, when taken as a whole (other than interest rates, rate floors, fees and optional prepayment or optional 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 under this Agreement then in effect); provided that a certificate of a Financial Officer of the Borrower 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 Loan Parties.

  • 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 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.