Taxable Obligations definition
Taxable Obligations means all investment property, obligations or securities other than Tax Exempt Obligations.
Taxable Obligations means Non-Ad Valorem Revenue Obligations (other than Subsidy Obligations) the interest on which is not intended at the time of the issuance thereof to be excluded from the gross income of the holders thereof for federal income tax purposes.
Taxable Obligations means any Refunding Bonds the interest on which is intended to be included in gross income for federal income tax purposes.
Examples of Taxable Obligations in a sentence
Bonds or Subordinate Obligations may be issued as Federally Taxable Obligations only if so provided in the Supplemental Indenture authorizing such Bonds or Subordinate Obligations.
Payment of Debt Service on Taxable Obligations shall be paid to any holder of both Taxable Obligations and Obligations which are not Taxable Obligations prior to the payment of Debt Service on the Obligations held by that holder which are not Taxable Obligations.
More Definitions of Taxable Obligations
Taxable Obligations means the Bonds of any Series determined to be issued on
Taxable Obligations means any Series 2016_ Bonds not designated as Tax-Exempt Obligations in the Certificate of Award.
Taxable Obligations means Obligations issued hereunder the interest on which is not excludable from the gross income of the Owners thereof for federal income tax purposes.
Taxable Obligations means obligations the interest on which is included as gross income for federal income tax purposes.
Taxable Obligations. (or “Taxable Bonds”) means Bonds that are issued and sold as obligations the interest on which is not excluded from gross income for federal income tax purposes.
Taxable Obligations means Obligations the interest on which is not excluded from gross income for federal income tax purposes under Section 103 of the Code.
Taxable Obligations means any Series 2016B Bonds not designated as Tax-Exempt Obligations in the Certificate of Award.