Non-AMT Bonds definition

Non-AMT Bonds means obligations the interest on which is excludable from gross income for federal income tax purposes under Section 103(a) of the Code and not treated as an item of tax preference under Section 57(a)(5)(C) of the Code, that are legal investments pursuant to Section 53601 of the Government Code of the State of California.
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Non-AMT Bonds means obligations the interest on which is excludable from gross income for federal income tax purposes under Section 103(a) of the Code and not treated as
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Non-AMT Bonds means obligations the interest on which is excludable from gross income for federal income tax purposes under Section 103(a) of the Code
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Examples of Non-AMT Bonds in a sentence

  • The Pollution Control Series W Bonds shall mature on November 1, 2028, shall accrue interest from the date of issuance of the Bonds and shall bear interest at the same rate or rates of interest as the IDFA Non-AMT Bonds, which, in turn, shall be determined by the methods as set forth in the IDFA Indenture, which provides for Auction Rates, Variable Rates, Flexible Rates and Fixed Rates (each as defined in the IDFA Indenture).

  • W Bonds shall, subject to the provisions of the Indenture, be redeemable during the same period or periods within which, the same price or prices at which, and the same terms and conditions upon which, the IDFA Non-AMT Bonds are redeemable, in whole or in part, by the Company.

  • The Pollution Control Series W Bonds shall be issued only to the IDFA Indenture Trustee as security for the Company's obligations under the Loan Agreement relating to the IDFA Non-AMT Bonds.

  • Interest on the Pollution Control Series W Bonds is payable on the same dates as interest on the IDFA Non-AMT Bonds is paid, until the principal sum is paid in full.

  • The 2002 Series A-2 Bonds, the 2002 Series A-4 Bonds and the 2002 Series A-5 Bonds are authorized in part to redeem and refund the 1992A AMT Bonds in accordance with the Escrow Agreement, and the 2002 Series A-3 Bonds are authorized in part to redeem and refund the 1992A Non-AMT Bonds in accordance with the Escrow Agreement.

  • Interest on this Bond is payable on the same date or dates as interest on the IDFA Non-AMT Bonds is paid, until the principal sum of this Bond is paid in full.


More Definitions of Non-AMT Bonds

Non-AMT Bonds means Tax-Exempt Bonds the interest on which is not an item of tax preference for purposes of the alternative minimum tax under the Code.
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Non-AMT Bonds means bonds the interest on which is excludable from gross income for federal income tax purposes and is not an item of tax preference for purposes of the alternative minimum tax under the Code.
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