Tax Incidence Date definition

Tax Incidence Date means the date as of which interest on the Bonds becomes or became includable in the gross income of the recipient thereof (other than the Borrower or another Substantial User or Related Person) for federal income tax purposes for any cause, as determined by a Determination of Taxability.
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Tax Incidence Date means the date as of which interest on the Bonds becomes or became includable in the gross income of the recipient thereof (other than the Borrower or another substantial user or related person) for federal income tax purposes for any cause, as determined by a Determination of Taxability.
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Tax Incidence Date means, with respect to any recipient of interest paid or payable on the Bonds, the first such date of the period for which any interest paid or payable on the Bonds was or is includable in the gross income of such recipient thereof for purposes of income taxation under the laws of the United States, without regard to whether or not any such recipient exercised any or all of the rights or remedies granted such recipient by the Financing Documents or by law.
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Examples of Tax Incidence Date in a sentence

  • In the case of any redemption pursuant to this subsection, the Authority or the Borrower or any Bondholder shall deliver to the Trustee a certificate of an Authorized Representative specifying the event giving rise to such inclusion in the gross income of the recipient thereof and the dates which are the Tax Incidence Date and the date of the Determination of Taxability.

  • In the case of any redemption pursuant to this subsection, the Authority or the Borrower shall deliver to the Trustee a certificate of an Authorized Representative specifying the event giving rise to such inclusion in the gross income of the recipient thereof and the dates which are the Tax Incidence Date and the date of the Determination of Taxability.

  • In the case of any redemption pursuant to this subsection, the Issuer or the Borrower Representative shall deliver to the Trustee a certificate of an Authorized Representative specifying the event giving rise to such inclusion in the gross income of the recipient thereof and the dates which are the Tax Incidence Date and the date of the Determination of Taxability.


More Definitions of Tax Incidence Date

Tax Incidence Date means the first date as of which interest on the Bonds is determined to be taxable as a result of the occurrence of a Determination of Taxability .
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Tax Incidence Date means the first date on which, as a result of an Event of Taxability, interest on this Bond is includable in the gross income of the recipient thereof for Federal income tax purposes. PURCHASE ON DEMAND Notwithstanding anything to the contrary in this Bond or the Bond Purchase Agreement, this Bond shall be subject to mandatory purchase by the Institution as follows: In whole on September 1, 2041 (the “Initial Call Date”), as such date may be extended to any future date prior to the Maturity Date, (each a “Subsequent Call Date” and together with the Initial Call Date, the “Call Date”) provided that the Purchaser has not waived the mandatory purchase of the Series 2021A Bonds by the Institution. The Institution may, at least ninety (90) but not more than one hundred eighty (180) days prior to any Call Date, request the Purchaser in writing to waive the mandatory purchase of the Series 2021A Bonds by the Institution and commit the Purchaser to continue to hold the Series 2021A Bonds until a Subsequent Call Date or until the Maturity Date, at a mutually agreed upon rate, subject to an approving opinion of Bond Counsel. As a condition to a decision by the Purchaser of such extension request, the Institution shall execute and deliver to the Purchaser such documents and information as the Purchaser may reasonably request. Any such extension of any Call Date must comply with the requirements set forth in this Bond and the Bond Purchase Agreement relating to such an extension. The determination by the Purchaser to extend or not to extend the then applicable Call Date, as so extended pursuant to this Bond and the Bond Purchase Agreement, shall be in the sole and absolute discretion of the Purchaser and on terms satisfactory to the Purchaser. In the event the Institution shall have paid to the Purchaser an amount equal to 100% of the principal amount of the Series 2021A Bonds plus accrued and unpaid interest to the Call Date or such amount is deemed paid by the Purchaser, the Purchaser shall deliver the Series 2021A Bonds that it is holding to the Issuer for cancellation; or in the event of a successful remarketing of the Series 2021A Bonds, for transfer by the Issuer to a subsequent Holder subject to an approving opinion of Bond Counsel. TERM RATE REMARKETING Upon a mandatory tender of the Series 2021A Bonds, if at the election of the Issuer upon written request by the Institution not less than 90 days preceding a Call Date and subject to an approving opinion of Bon...
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Tax Incidence Date means, for any day, a rate of interest per annum equal to the sum of the interest rate applicable to this Bond on such day plus four percent (4.00%), but in no event higher than the maximum lawful prevailing rate.
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Tax Incidence Date means the date as of which interest on the Bonds becomes or became includable in the gross income of the recipient thereof (other than the Borrower or another Substantial User or Related Person) for federal income tax purposes for any cause, as determined by a Determination of Taxability. "Tax Regulatory Agreement" means the Tax Regulatory Agreement, dated as of the date of initial issuance and delivery of the Bonds, among the Authority, the Borrower and the Trustee, and any amendments and supplements thereto. "Tender Agent" means U.S. Bank Trust National Association, acting as tender agent for the Bonds, and any successor tender agent appointed from time to time pursuant to Section 9.17 of the Indenture. "Term", when used with reference to this Agreement, means the term of this Agreement determined as provided in Article III hereof. "Trustee" means State Street Bank and Trust Company, and its successor or successors hereafter appointed in the manner provided in the Indenture. Section 1.2
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Tax Incidence Date means the date, if any, as of which interest on the Tax-Exempt Bonds first becomes taxable as a result of any occurrence described in paragraphs (a), (b) or (c)(i) of a Determination of Taxability.
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Related to Tax Incidence Date

  • True-Up Date means the date which is forty-five (45) days after the latest to occur of the Termination Date of this Agreement, the Termination Date of the Single Family Agreement, if applicable, or disposition of all Assets pursuant to this Agreement or the Single Family Agreement, if applicable. EXHIBIT 2.5

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Return Date means the date on which the Insured is scheduled to return to the point where the Trip started or to a different specified Return Destination. This date is specified in the travel documents.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Rental Return Date means the return date listed on the car rental agreement.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Gross-Up Payment shall have the meaning set forth in Section 6.2 hereof.

  • Reduced leave schedule means a leave schedule that reduces the usual number of hours per workweek, or hours per workday, of an employee.

  • Severance Date means the date on which an Eligible Employee incurs a Severance.

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the liability for Taxes of the Corporation (or the Partnerships, but only with respect to Taxes imposed on the Partnerships and allocable to the Corporation) using the same methods, elections, conventions and similar practices used on the relevant Corporation Return but using the Non-Stepped Up Tax Basis instead of the tax basis reflecting the Basis Adjustments of the Adjusted Assets and excluding any deduction attributable to Imputed Interest.

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Service Date or "SD" means the date service is made available to the End User Customer. This also is referred to as the "Due Date."

  • Defined Contribution Fraction means a fraction the numerator of which is the sum of the Annual Additions to the Participant's account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation years (including the Annual Additions attributable to the Participant's nondeductible voluntary contributions to this and all the defined benefit plans (whether or not terminated) maintained by the Employer and the Annual Additions attributable to all welfare benefit funds, as defined in section 419(e) of the Code or individual medical accounts, as defined in section 415(1)(2) of the Code, or a simplified employee pension, as defined in section 408(k) of the Code, maintained by the Employer), and the denominator of which is the sum of the Maximum Aggregate Amounts for the current and all prior Limitation Years of Service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The Maximum Aggregate Amount in any Limitation Year is the lesser of one hundred twenty-five percent (125%) of the dollar limitation determined under Sections 415(b) and (d) of the Code in effect under section 415(c)(1)(A) of the Code or thirty-five percent (35%) of the Participant's Compensation for such year. If the Employee was a Participant as of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction will be adjusted if the sum of this fraction and the Defined Benefit Fraction would otherwise exceed one (1.0) times under the terms of this Plan. Under the adjustment, an amount equal to the product of (a) the excess of the sum of the fractions over 1.0 times (b) the denominator of this fraction will be permanently subtracted from the numerator of this fraction. The adjustment is calculated using the fractions as they would be computed as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and condition of the Plans made after May 5, 1986, but using the limitation of section 415 of the Code applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Additions for any Limitation Year beginning before January 1, 1987 shall not be recomputed to treat all Employee contributions as Annual Additions.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Billing Commencement Date means the earlier of: