Taxable Revolving Loan definition

Taxable Revolving Loan means any Revolving Loan bearing interest at the Taxable LIBOR Rate.

Taxable Revolving Loan means any Revolving Loan bearing interest at the Taxable Floating Rate.

Taxable Revolving Loan means any Loan bearing interest at the Taxable LIBOR Rate. “Taxable Revolving Loan Commitment” means, on any date, an initial amount equal to $15,000,000 and thereafter such initial amount adjusted from time to time as follows:

Examples of Taxable Revolving Loan in a sentence

• The City may elect that any Revolving Loan be either a Tax-Exempt Revolving Loan pursuant to the Tax-Exempt Revolving Loan Commitment or a Taxable Revolving Loan pursuant to the Taxable Revolving Loan Commitment.

• A Taxable Revolving Loan will bear interest at the Taxable Fixed Rate or Taxable Floating Rate.

• On the Commitment Expiration Date, (a) the unpaid principal amount of any Taxable Revolving Loan shall automatically be converted into a Taxable Term Loan and (b) the unpaid principal amount of any Tax-Exempt Revolving Loan shall automatically be converted into a Tax-Exempt Term Loan, unless the Authority elects, in its sole discretion, to pay such Taxable Revolving Loan and/or Tax-Exempt Revolving Loan in full on the Commitment Expiration Date.

• In Closed (Private) Session, Members must withdraw from and not be Present in the meeting room or participate via electronic means when a matter about which they have declared a conflict is being discussed.

• As provided in Section 2.03(c) hereof, the Authority may elect that any such Revolving Loan be either a Tax-Exempt LIBOR Revolving Loan pursuant to the Tax-Exempt Loan Commitment or a Taxable Revolving Loan pursuant to the Taxable Loan Commitment.

• A Taxable Revolving Loan will bear interest at the Taxable Rate or the Taxable Base Rate.

• The Proposed Advance is hereby identified as [an AMT Revolving Loan] [a Non-AMT Revolving Loan] [a Taxable Revolving Loan].

• Any Request for Advance shall be signed by a Designated Representative and shall specify whether the requested Advance shall be a Tax-Exempt LIBOR Revolving Loan or a Taxable Revolving Loan.

• The Authority promises to pay interest on the unpaid principal amount of each such Taxable Revolving Loan on the dates and at the rate or rates provided for in the Revolving Credit Agreement and the fee on the Letters of Credit on the dates and at the rate provided for in the Revolving Credit Agreement.

• It tailors the definition to a narrower range of businesses while still effectuating the strong policy objectives.

More Definitions of Taxable Revolving Loan

Taxable Revolving Loan means any Loan bearing interest at the [Taxable LIBOR Rate]. “Taxable Revolving Loan Commitment” means, on any date, an initial amount equal to $200,000,000 and thereafter such initial amount adjusted from time to time as follows:

Taxable Revolving Loan means any Revolving Loan identified by the Airports Authority in a Request for Advance as a “Taxable Revolving Loan.”

Taxable Revolving Loan means any Loan bearing interest at the [Taxable LIBOR Rate].