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

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 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 any of a series of the City’s Community Redevelopment Revenue Notes (10th & Military Creekside Village Project), the interest on which is determined by the City to be includable in gross income for federal income tax purposes.

Taxable Note means the $[60,815,000] Promissory Note from the Tenant and payable to Taxable Lender.