Taxable Fixed Rate definition

Taxable Fixed Rate means the Default Rate.
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Taxable Fixed Rate means a per annum rate of interest established by the Calculation Agent on each Date of Delivery.
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Taxable Fixed Rate has the meaning set forth in the Supplemental Trust Agreement.
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Examples of Taxable Fixed Rate in a sentence

  • A Taxable Revolving Loan will bear interest at the Taxable Fixed Rate or Taxable Floating Rate.

  • If the City shall be unable to do so, the applicable rate shall convert to a Taxable Fixed Rate or Taxable Floating Rate, as applicable, as of the effective date of such alternate rate index.

  • If the Series B Notes are to bear interest at the Taxable LIBOR Index Rate or the Taxable Fixed Rate, the County shall also state in such written direction that the interest on such Series B Notes shall be included in gross income for federal income taxes.

  • Bernalillo County also agreed to issue up to $25,000 of Series 2005B Taxable Fixed Rate Industrial Revenue Bonds (the Series B Bonds, and collectively with the Series A Bonds, the Bonds).

  • STRUCTURE OF FINANCING Amount: Tax‐Exempt: Up to $13,500,000Taxable: Up to $16,500,000 Closing Date: Expected August 3, 2020Rate: Tax‐Exempt: Non‐Bank Qualified, Tax‐Exempt Fixed Ratefor term of loanTaxable: Taxable Fixed Rate for term of loan Prepayment: The CRA requests the ability to prepay the Loan withoutpenalty.

  • The applicable Interest Period for a Draw accruing interest at a Taxable Fixed Rate may also be changed on the last day of an Interest Period to a different permitted Interest Period, upon notice to the Bank given at least three business days prior to the last day of the Interest Period.

  • Project) Taxable Fixed Rate Unsecured Series 2005B” for the purpose of financing all or a portion of the Project and paying expenses related thereto.

  • A Taxable Revolving Loan may bear interest at the Taxable Fixed Rate or Taxable Floating Rate.

  • In the absence of an Event of Default and prior to the first Reset Date, (a) Tax-Exempt Draws on the Loan shall bear interest at the Initial Tax-Exempt Fixed Rate from the date drawn and (b) Taxable Draws on the Loan shall bear interest at the Initial Taxable Fixed Rate from the Date drawn (collectively, the “Note Rate”).

  • Anything herein to the contrary notwithstanding, in the event of a failure for any reason of the County to satisfy the conditions of Section 4.07 hereof in connection with the proposed purchase of a Taxable Fixed Rate Note or a Tax-Exempt Fixed Rate Note on the proposed Date of Purchase as established in the related Request for Purchase, the County shall pay to the Purchaser the applicable Breakage Fee as set forth in the Fixed Rate Addendum to the related Request for Purchase.


More Definitions of Taxable Fixed Rate

Taxable Fixed Rate means an annualized fixed rate, for the applicable Interest Period, (rounded upward to the fifth-decimal place) that is equal to the sum of (a) the product of (i) the [LIBOR Index], for the applicable Interest Period, multiplied by (ii) the Applicable Factor plus
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Taxable Fixed Rate means an annualized fixed rate, for the applicable Interest Period, (rounded upward to the fourth decimal place) that is equal to the sum of the Eurodollar Rate for the applicable Interest Period, plus the Taxable Applicable Spread; provided, however, that immediately and upon the occurrence of an Event of Default (and without any notice given with respect thereto) and during the continuation of such Event of Default, “Taxable Fixed Rate” shall mean the Default Rate.
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Taxable Fixed Rate means a taxable fixed rate of interest per annum, as determined not more than five (5) Business Days prior to the beginning of the Fixed Rate Period in accordance with the proposal of the Bank to the Agency dated December 1, 2014.
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Taxable Fixed Rate means the rate per annum equal to LIBOR for the applicable Interest Period, plus 1.75%.
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Related to Taxable Fixed Rate

  • Taxable Rate means, with respect to a Taxable Period, the product of (i) the average interest rate on the Bonds during such period and (ii) 1.54.

  • Backup Annual Special Tax means the Special Tax of that name described in Section E.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Marginal Tax Rate means the maximum marginal regular Federal individual income tax rate applicable to ordinary income or the maximum marginal regular Federal corporate income tax rate, whichever is greater.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • REMIC I Remittance Rate The per annum rate at which interest accrues in respect of any REMIC I Regular Interest during any Interest Accrual Period, as set forth in or otherwise calculated in accordance with Section 2.11(f).

  • REMIC Remittance Rate The REMIC I Remittance Rate or the REMIC II Remittance Rate.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Monthly Excess Interest Amount With respect to each Distribution Date, the amount, if any, by which the Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount for such Distribution Date exceed the aggregate amount distributed on such Distribution Date pursuant to paragraphs (a) through (c) under Section 4.02(d) hereof, plus interest on the Overcollateralization Amount accrued during the Interest Accrual Period related to that Distribution Date.

  • REMIC II Principal Loss Allocation Amount With respect to any Distribution Date, an amount equal to the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate Uncertificated Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and the denominator of which is the aggregate Uncertificated Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTZZ.

  • Cumulative Net Realized Tax Benefit for a Taxable Year means the cumulative amount of Realized Tax Benefits for all Taxable Years of the Corporate Taxpayer, up to and including such Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same period. The Realized Tax Benefit and Realized Tax Detriment for each Taxable Year shall be determined based on the most recent Tax Benefit Schedule or Amended Schedule, if any, in existence at the time of such determination.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Corresponding REMIC I Regular Interest means with respect to each Mortgage Loan, the REMIC I Regular Interest having an initial Certificate Balance equal to the Principal Balance of such Mortgage Loan outstanding as of the Cut-Off Date, after taking into account all principal and interest payments made or due prior to the Cut-Off Date.

  • REMIC II Remittance Rate The per annum rate at which interest accrues in respect of any REMIC II Regular Interest during any Interest Accrual Period, as set forth in or otherwise calculated in accordance with Section 2.13(f).

  • REMIC I Principal Loss Allocation Amount With respect to any Distribution Date, an amount equal to the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate Uncertificated Balance of REMIC I Regular Interest LTA1, REMIC I Regular Interest LTA2, REMIC I Regular Interest LTA3, REMIC I Regular Interest LTA4, REMIC I Regular Interest LTM1, REMIC I Regular Interest LTM2, REMIC I Regular Interest LTM3, REMIC I Regular Interest LTM4, REMIC I Regular Interest LTM5, REMIC I Regular Interest LTM6, REMIC I Regular Interest LTM7, REMIC I Regular Interest LTM8, REMIC I Regular Interest LTM9, REMIC I Regular Interest LTM10, REMIC I Regular Interest LTM11 and the denominator of which is the aggregate Uncertificated Balance of REMIC I Regular Interest LTA1, REMIC I Regular Interest LTA2, REMIC I Regular Interest LTA3, REMIC I Regular Interest LTA4, REMIC I Regular Interest LTM1, REMIC I Regular Interest LTM2, REMIC I Regular Interest LTM3, REMIC I Regular Interest LTM4, REMIC I Regular Interest LTM5, REMIC I Regular Interest LTM6, REMIC I Regular Interest LTM7, REMIC I Regular Interest LTM8, REMIC I Regular Interest LTM9, REMIC I Regular Interest LTM10, REMIC I Regular Interest LTM11 and REMIC I Regular Interest LTZZ.

  • REMIC 2 Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.