Examples of Taxable Term Loan in a sentence
A Taxable Term Loan shall bear interest from the Conversion Date to the date such Taxable Term Loan is paid in full therefor at a rate per annum equal to the Taxable Bank Rate.
Each Taxable Term Loan made by the Lender and all payments and prepayments on the account of the principal and interest of each Taxable Term Loan shall be recorded by the Lender on the schedule attached to the Taxable Note; provided, however, that the failure of the Lender to make any such endorsement or any error therein shall not affect the obligations of the Authority hereunder or under the Taxable Note in respect of unpaid principal and interest on each Taxable Term Loan.
The Department shall have the option to convert (a) the unpaid principal amount of any Taxable Loan to a Taxable Term Loan, (b) the unpaid principal amount of any Governmental Loan to a Tax-Exempt (Governmental) Term Loan, and (c) the unpaid principal amount of any Private Activity Loan to a Tax-Exempt (Private Activity) Term Loan, in each case on the Revolving Loan Maturity Date, if the conditions set forth in Section 3.07 hereof are satisfied on the Revolving Loan Maturity Date.
Any Revolving Loan not converted to the Tax-Exempt Term Loan or Taxable Term Loan, as applicable, shall be due and payable on the Commitment Termination Date and shall bear interest at the Default Rate.
Each Taxable Term Loan made by the Bank and all payments and prepayments on the account of the principal and interest of each Taxable Term Loan shall be shall be recorded by the Bank, in accordance with its usual practices, pursuant to entries in an account or accounts evidencing the indebtedness resulting from the Taxable Term Loan made from time to time hereunder and the amounts of principal and interest payable and paid from time to time hereunder.
The Series 2006 Bonds have a fixedrate of 3.775% and the 2011 Taxable Term Loan had a fixed rate of 5.125%.
The Taxable Term Loan and the Tax-Exempt Term Loan shall bear interest from the Commitment Expiration Date to the date such Taxable Term Loan or Tax-Exempt Term Loan, as applicable, is paid in full at a rate per annum equal to the Lender Rate as determined by the Lender pursuant to Section 2.5 hereof.
The Series 2006 Bonds have a fixed rate of 3.775 percent and the 2011 Taxable Term Loan had a fixed rate of 5.125 percent.
The Tax-Exempt Revolving Loans and the Tax-Exempt Term Loan shall be evidenced by the Tax-Exempt Note to be issued on the Closing Date, initially registered in the name of, and payable to, the Bank and otherwise duly completed and the Taxable Revolving Loans and the Taxable Term Loan shall be evidenced the Taxable Note to be issued on the Closing Date, initially registered in the name of, and payable to, the Bank and otherwise duly completed.
The bonds are collateralized by the Hospital's gross receipts under the Master Trust Indenture.$50,000 Bank of America Taxable Term Loan maturing on 50,000 50,000 December 1, 2023.