Tax Exempt Obligations definition

Tax Exempt Obligations means any bond, note or other obligation issued by any person, the interest on which is excludable from gross income for federal income tax purposes.

Tax Exempt Obligations means bonds or other obligations the interest on which is excludable from the gross income of the owners thereof under Section 103 of the Code and include certain regulated investment companies, stock in tax-exempt mutual funds and demand deposit SLGS.

Tax Exempt Obligations means obligations to which Section 103 of the Code applies, the interest on which is excluded from gross income for federal income tax purposes.

Examples of Tax Exempt Obligations in a sentence

• The Tax-Exempt Obligations shall be issued to reimburse such expenditures not later than 18 months after the later of the date of the expenditure or the substantial completion of the Project, or such later date the Regulations may authorize.

• The aggregate principal amount of all Tax-Exempt Obligations, including the Issue, issued or to be issued by the Issuer, its subordinate entities and entities that issue any such obligations on behalf of the Issuer, or on behalf of which the Issuer issues any such obligations, during the current calendar year does not, and is not reasonably expected to, exceed $5,000,000.

• The Tax-Exempt Obligations taken into account for this purpose exclude any Private Activity Bonds and any Current Refunding Portion and Current Refunding Issue to the extent that the amount of such Current Refunding Portion or Current Refunding Issue does not exceed the outstanding amount of the obligations refunded by such Current Refunding Portion or Current Refunding Issue.

• Loans Made or Purchased with Funds from the Issuance of Tax-Exempt Obligations The special allowance rate payable on loans made or purchased from funds derived from tax-exempt obligations depends on the specific source of funds used to acquire the loan, whether specified events occurred after its acquisition, the date the loan was acquired, the rate payable on the loan when it was acquired, and the characteristics of the lender that acquired the loan (Section 438 of the HEA (20 USC 1087-1)).

• Tax-Exempt Obligations means the Obligations issued on a federally tax-exempt basis.

More Definitions of Tax Exempt Obligations

Tax Exempt Obligations means any Refunding Bonds the interest on which is intended to be excluded from gross income for federal income tax purposes.

Tax Exempt Obligations means bonds, notes, certificates or other obligations, the interest on which is excluded from gross income under the United States Internal Revenue Code.

Tax Exempt Obligations means any Series of Bonds issued pursuant to the terms of this Resolution together with an opinion of Bond Counsel to the effect that the interest on such Bonds is excludable from gross income pursuant to the provisions of the Code (notwithstanding the application of the provisions of the Code relating to alternative minimum taxation).

Tax Exempt Obligations means tax-exempt bonds, notes, certificates, or other obligations included in the meaning of “bonds” under Code Section 150.

Tax Exempt Obligations means, collectively, (i) District Debt and (ii) obligations issued by a Municipal Customer to finance District-Operated Facilities, the interest on which is not includible in gross income of the owners thereof for federal income tax purposes.

Tax Exempt Obligations means any Series 2016_ Bonds designated as Tax-Exempt Obligations in the Certificate of Award.

Tax Exempt Obligations means all bonds, notes, lease-purchase contracts and other evidences of indebtedness, the income on which is excludable from the gross income of the holders thereof under Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”); and