Examples of Taxable Loan in a sentence
The Taxable Loan is unsecured, and is structured as a “draw down facility” and payments are interest only through maturity.
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.
Cook indicated that this demonstrates the importance of siting to reduce collision risk.
In connection with any Advance, the Department shall designate whether such Advance so requested is (a)(i) under the Tax-Exempt Loan Commitment as a Tax-Exempt Loan, or (ii) under the Taxable Loan Commitment as a Taxable Loan.
Each Request for Advance shall be signed by a Designated Representative and shall specify: (A) whether the requested Advance shall be a Tax-Exempt Loan or a Taxable Loan and (B) the LIBOR Period applicable to such Revolving Loan; provided, further that with respect to a Tax-Exempt Loan, the Department shall also specify whether such loan will be a Governmental Loan or Private Activity Loan.