Examples of Debt Funding in a sentence
With respect to the qualification and taxation of Concord Debt Funding Trust as a REIT under the Code, for the period prior to and including December 31, 2006, we have also assumed to be true and are expressly relying upon the opinion, dated December 21, 2006, delivered to Concord Debt Funding Trust, among others, by Katten Muchin Rosenman LLP.
We have assumed that the Company, Concord Debt Holdings LLC, Concord Debt Funding Trust, and CDH CDO LLC have operated and will continue to be operated in the manner described in the Officer’s Certificates, the Registration Statement and the applicable organizational documents and that all terms and provisions of such documents have been and will continue to be complied with.
With respect to the qualification and taxation of Concord Debt Funding Trust as a real estate investment trust under the Code, for the period prior to and including December 31, 2006, we have also assumed to be true and are expressly relying upon the opinion, dated December 21, 2006, delivered to Concord Debt Funding Trust, among others, by Katten Muchin Rosenman LLP.
We have assumed that the Company, Concord Debt Holdings LLC and Concord Debt Funding Trust have operated and will continue to be operated in the manner described in the Officer’s Certificates, the Registration Statement, and the applicable organizational documents and that all terms and provisions of such documents have been and will continue to be complied with.
In particular, the last has four components including: 1) introduction of Financial Institutions Tax (FIT) on banks and nonbanks, 2) introduction of Thin Capitalization Rule (TCR) or Maximum Debt Funding Percentage Rule, 3) rationalization of taxation of foreign currency deposit units (FCDUs) and 4) rationalization of the documentary stamp taxes (DST).