Taxable Sample Clauses
Taxable. If any of the Outstanding Bonds or Bonds of the Series then to be issued constitute Variable Rate Bonds the interest on which is or will be included in gross income for federal income tax purposes, then the interest rate used in the above-described computations shall be assumed to equal such rate as shall be specified in a Related Series Supplement or in an Officer's Certificate in connection with the issuance of any additional Series of Bonds or any calculation of the Reserve Requirement.
Taxable. “Taxable” when applied to the interest income on the Bonds, means that, under federal tax laws and regulations issued thereunder, as such laws and regulations exist on the issue date or as they may thereafter be amended, the interest income on the Bonds is includable in gross income of the recipient thereof for federal income tax purposes for any reason other than the fact (and for the period) that the Bonds are held by a person who is a “substantial user” of the Improvements or a “related person” within the meaning of Section 147(a) of the Code or any successor provision.
Taxable. Year The 12-consecutive-month period beginning each January 1 and ending each December 31.
Taxable. The objective is to construct a high-quality portfolio of municipal obligations with an attractive total return and yield and which generates reasonably predictable interest income across a maturity range selected by the client, generally targeting approximate equal weight by market value for each year in the maturity range.