Direct Payment BABs definition

Direct Payment BABs means Current Interest Bonds that are “Build America Bonds” within the meaning of Section 54AA(d) of the Code and that are qualified bonds within the meaning of Section 54AA(g) of the Code, the interest on which is includible in gross income for federal income tax pur- poses and with respect to which the School District shall have made an irrevocable election to receive one or more Direct Payments.
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Related to Direct Payment BABs

  • Direct Payment means a payment granted directly to farmers under an income support scheme listed in Annex I,

  • Payment Amount has the meaning specified in Section 6.1.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Direct Patient Care means the provision of health care services provided directly to individuals being treated for or suspected of having physical or mental illnesses. Direct patient care includes both, face-to-face and telehealth-based preventative care and first-line supervision.