Taxable Project Note definition

Taxable Project Note means the Promissory Note (Taxable) dated the Delivery Date from the Borrower, including all riders and addenda thereto, evidencing the Borrower’s obligation to repay the Taxable Project Loan, which Taxable Project Note will be delivered to the Governmental Lender and endorsed by the Governmental Lender to the Fiscal Agent as security for the Taxable Funding Loan, as the same may be further amended, restated, supplemented or otherwise modified from time to time, or any note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time.
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Taxable Project Note means the Multifamily Note (Series B), dated the Delivery Date, from the Borrower, including all riders and addenda thereto, evidencing the Borrower's obligation to repay the portion of the Project Loan corresponding to the Taxable Governmental Note, which Taxable Project Note will be delivered to the Governmental Lender and endorsed by the Governmental Lender to the Fiscal Agent as security for the Taxable Funding Loan, as the same may be further amended, restated, supplemented, or otherwise modified from time to time, or any note executed in substitution therefor, as such substitute note may be amended, restated, supplemented, or otherwise modified from time to time.
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Taxable Project Note means the Series A-2 Project Note, evidencing the obligation to repay the Taxable Project Loan.
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Examples of Taxable Project Note in a sentence

  • The Taxable Project Note shall be signed by the Chairperson and attested by the County Auditor and delivered to the Purchaser, shall mature on June 30, 2020, and shall bear interest at the rate of 2.25% per annum payable as set out in the Taxable Project Note, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable.Section 2.

  • The Taxable Project Note shall be in substantially the following form:Section 4.

  • The Taxable Project Note is hereby authorized to be issued to Danville State SavingsBank (the “Purchaser”), in anticipation of the receipt of and being payable from sources to be received and expended in connection with the Programs.

  • The date and amount of each such payment shall be entered by the Purchaser on the Schedule of Advances and Payments on the Taxable Project Note.

Related to Taxable Project Note

  • Tax credit certificate means a certificate issued by the office that:

  • Excess Interest Amount means, on any date, the amount by which (i) the amount of all interest which would have accrued prior to such date on the principal of this Note, had the applicable Contract Rate at all times been in effect without limitation by the Maximum Rate, exceeds (ii) the aggregate amount of interest accrued on this Note on or prior to such date as limited by the Maximum Rate.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Tax Certificate means the Federal Tax Certificate executed and delivered by the City on the Date of Original Issue of any Bond issued as a Tax-Exempt Bond, as the same may be amended or supplemented in accordance with its provisions.