Taxable Interest definition

Taxable Interest means an interest in real property subject to assessment and taxation.

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Taxable Interest means the interest borne by the Bonds prior to the Tax-Exempt Reissuance Date, which interest shall be included in gross income for federal income tax purposes. “Tax-Exempt Interest” means the interest to be borne by the Bonds on and after the

Taxable Interest means the Taxable interest rate which shall apply upon the occurrence of an Event of Taxability, all as provided in Section 2.04 of the Bond Agreement.

Examples of Taxable Interest in a sentence

Taxable Interest payable on the Bonds for purposes of this Section shall be at a floating rate equal to the Prime Rate plus 1.0%, adjusted on the first day of each month.
Anything herein to the contrary notwithstanding, in the event that the Village is unable to provide a legal opinion that the Developer Note is tax exempt, the sole remedy for Developer shall be earning the higher, Taxable Interest Rate specified in the Developer Note.
Taxable Interest payable on the Bonds for purposes of this Section shall be at the Prime Rate.
On and after a Determination of Taxability (as defined in the Continuing Covenant Agreement), this Borrower Note shall bear interest at the Taxable Interest Rate (as defined in the Continuing Covenant Agreement).
In the case of a Taxable Event the interest rate shall be adjusted to a per annum interest rate not to exceed 8.40% (“Taxable Interest Rate”) and an amended Exhibit B shall be prepared by GCC applying the new Taxable Interest Rate to the then outstanding principal balance of the Finance Contract, together with any additional interest due on prior payments received after the Taxable event, and any other fees, fines, or penalties related to the Taxable Event.
Taxable Interest to be paid pursuant to this Section for the period between the Event of Taxability and the Payment Date immediately succeeding the Determination of Taxability shall be paid immediately following the Determination of Taxability in the same manner as interest is paid to Bondowners in accordance with this Bond Agreement.
Taxable Interest payable on the Bonds of all Series shall be equal to the higher of (i) the Prime Rate or (ii) the sum of the then-applicable tax-exempt interest rate or rates applicable to each Series of Bonds as determined pursuant to Section 2.03, plus 3.0% per annum.
The projected revenue will be increased by a 2% bi-annual appreciation, and the Present Value will be calculated at the greater of 5.00% or the current Taxable Interest Rate plus 25 basis points.
The Taxable Interest Rate is effective for each series of Bonds (or the taxable portion thereof) upon the occurrence and continuance of a Determination of Taxability under this Bond Indenture.
Except for Taxable Interest allocable to the period between the Event of Taxability and the Payment Date immediately succeeding the Determination of Taxability, Taxable Interest payable under this Section shall be payable with respect to the same period, at the same time and in the same manner as interest payments regularly paid pursuant to this Bond Agreement.

More Definitions of Taxable Interest

Taxable Interest means, in relation to a property,

Taxable Interest means interest which is included in gross income of the Registered Owner for federal income tax purposes, including, without limitation, the Taxable Interest Rate borne by the Bonds prior to the Tax- Exempt Reissuance Date.

Related to Taxable Interest

Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:
Net Taxable Income has the meaning set forth in Section 4.01(b)(i).
Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.
Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:
Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.