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

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.


More Definitions of Taxable Loan

Taxable Loan means the loan made to the Tenant pursuant to the Taxable Loan Documents and evidenced by the Taxable Note.
Taxable Loan means a Loan bearing interest at the Taxable Fixed RateOne 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 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 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 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, individually and collectively, a Loan identified by the Authority in the Notice of Loan as a “Taxable Loan.”