Taxable Loan definition

Taxable Loan and “Taxable Loans” means individually and collectively, Taxable Revolving Loans and Taxable Term Loans.

Taxable Loan means any Revolving Loan bearing interest at the Taxable Rate.

Taxable Loan means the loan from Lender to Borrower pursuant to the Taxable Loan Agreement.

Examples of Taxable Loan in a sentence

• Ordinarily, it is difficult to keep abreast of ongoing work that may impact your own, and organizations struggle to make sure that the work of different individuals and groups does not conflict.

• Additionally, financing costs totaling $67,560, related to obtaining the Taxable Loan, were capitalized and are being amortized over the life of the Taxable Loan.

• Any Request for Loan shall be signed by an Authorized University Representative and shall specify whether the requested Loan shall be a Tax-Exempt Loan or a Taxable Loan.

• The Department shall have the option to convert (a) the unpaid principal amount of any Taxable Loan to a Taxable Term Loan, (b) the unpaid principal amount of any Governmental Loan to a Tax-Exempt (Governmental) Term Loan, and (c) the unpaid principal amount of any Private Activity Loan to a Tax-Exempt (Private Activity) Term Loan, in each case on the Revolving Loan Maturity Date, if the conditions set forth in Section 3.07 hereof are satisfied on the Revolving Loan Maturity Date.

• For each Taxable Loan, Freddie Mac instructed us to recalculate the characteristics listed in i.

More Definitions of Taxable Loan

Taxable Loan means, individually and collectively, any Loan identified by the University in a Request for Loan as a “Taxable Loan.”

Taxable Loan means a Loan made by the Bank to the City hereunder the interest on which is intended to be included in gross income for federal income tax purposes.

Taxable Loan means the taxable loan from Issuer to Borrower pursuant to this Agreement. "TAXABLE NOTE" means Issuer's taxable promissory note issued to finance a portion of the cost of the Equipment for Borrower pursuant to this Agreement, in substantially the form set forth as EXHIBIT B-2, the interest on which Lender expects to be included in Lender's gross income for federal income tax purposes. "TAXABLE NOTE PROCEEDS" means the proceeds of the sale of the Taxable Note to the Lender. "TAX COMPLIANCE AGREEMENT" means the Tax Compliance Agreement dated as of the date hereof among Borrower, Escrow Agent and Issuer with respect to the Tax-Exempt Note, as the same may be amended from time to time in accordance with its terms. "TAX-EXEMPT LOAN" means the tax-exempt loan from Issuer to Borrower pursuant to this Agreement. "TAX-EXEMPT NOTE" means Issuer's tax-exempt promissory note issued to finance a portion of the cost of the Equipment for Borrower pursuant to this Agreement, in substantially the form set forth as EXHIBIT B-1, the interest on which Lender expects to be excluded from Lender's gross income for federal income tax purposes. "TAX-EXEMPT NOTE PROCEEDS" means the tax-exempt proceeds of the sale of the Tax-Exempt Note to the Lender. "UCC" means the Uniform Commercial Code as adopted and in effect in the State. "VENDOR" means the manufacturer or vendor of an item of Equipment, as well as the agents or dealers of the manufacturer, from whom Borrower has purchased or is purchasing items of Equipment.

Taxable Loan means the loan of the proceeds of the Series 2020 B Bonds from the Authority to the Borrower as described in Section 3.1 hereof.

Taxable Loan means a Loan bearing interest at the Taxable Fixed Rate – One Year, the Taxable Fixed Rate – Two Year, the Taxable Fixed Rate – Three Year, the Taxable Floating Rate – One Year, the Taxable Floating Rate – Two Year or the Taxable Floating Rate – Three Year, or the Taxable Fixed Index Rate, as applicable.

Taxable Loan means a Loan the interest on which is included in gross income for federal income tax purposes.

Taxable Loan has the meaning given to such term in the Credit Agreement.