Taxable Note definition

Taxable Note means any Note delivered in connection with a written direction of the County delivered pursuant to Section 3.01(b) of the Supplemental Trust Agreement stating that the interest on the Series B Notes shall be included in the gross income of the holder thereof for federal income tax purposes.

Taxable Note has the meaning set forth in Section 3.02(b) hereof.

Taxable Note means the Note dated , 2022, of the City in favor of the Bank evidencing the outstanding Taxable Revolving Loans and the Taxable Term Loan made by the Bank and substantially in the form of Exhibit B-2 hereto.

Examples of Taxable Note in a sentence

• The term “Note” shall mean collectively, the Tax-Exempt Note and the Taxable Note, evidencing the obligation of the Borrower to repay the Loan, as amended or supplemented from time to time.

• The Taxable Bond shall be subject to mandatory redemption in whole on the date of the payment of the Taxable Note.

• The provisions of this Section 11 shall not apply to a Taxable Note.

• All Taxable Loans made by the Bank and all payments and prepayments made on account of principal thereof shall be recorded by the Bank on the schedule attached to the Taxable Note, it being understood, however, that failure by the Bank to make any such endorsement shall not affect the obligations of the University hereunder or under the Taxable Note in respect of unpaid principal and interest on any Taxable Loan.

• Each entry on the Taxable Note with respect to a Taxable Loan schedule shall reflect the applicable principal amount and the applicable interest rate.

More Definitions of Taxable Note

Taxable Note means the Orange County Water District 2022-23 Taxable Tax and Revenue Anticipation Note to be issued hereunder.

Taxable Note means the Note dated , 2021, of the Authority in favor of the Taxable Lender evidencing the outstanding Taxable Revolving Loans and the Taxable Term Loan made by the Taxable Lender and substantially in the form of Exhibit B-2 hereto.

Taxable Note means any Note of a series or draw on a Note determined to be issued or drawn, as applicable, on a taxable basis pursuant to this resolution.

Taxable Note means the Orange County Water District 2021-22 Taxable Tax and Revenue Anticipation Note to be issued hereunder.

Taxable Note means the Note dated October 9, 2019, of the Borrower in favor of the Lender evidencing the outstanding Taxable Revolving Loans made by the Lender and substantially in the form of Exhibit B-1 hereto.

Taxable Note has the meaning set forth in Section 3.2(b) hereof.

Taxable Note means the Note of the Authority substantially in the form set forth in Exhibit C hereto, evidencing the obligation of the Authority to repay the Loans which are Taxable Loans and interest thereon, issued pursuant to the Authority Resolution and in accordance with the terms of this Agreement.