Prior Interest Payment definition
Prior Interest Payment means a payment of interest on the Borrower Loan made on or prior to the date of any Determination of Taxability that becomes subject to taxation.
Prior Interest Payment means a payment of interest on the Borrower Loan made on or prior to the date of any Determination ofTaxability that becomes subject to taxation.
Prior Interest Payment means a payment of interest on the Borrower Loan made on or prior to the date of any Determination of Taxability that becomes includible in the gross income of the Holder of the Issuer Loan for purposes of federal income taxation as a result of the Determination of Taxability.