New Exemption means the exemption from real property taxation provided hereunder with respect to the Exemption Area.
QPAM Exemption is defined in Section 6.2(d).
Tax-Exempt means with respect to interest on any obligations of a state or local government, including the Bonds, that such interest is excluded from gross income for federal income tax purposes; provided, however, that such interest may be includable as an item of tax preference or otherwise includable directly or indirectly for purposes of calculating other tax liabilities, including any alternative minimum tax or environmental tax, under the Code.
Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.
INHAM Exemption is defined in Section 6.2(e).