Short-Term Notes definition
Examples of Short-Term Notes in a sentence
The Fund will issue and sell to the Underwriters, and the Underwriters will purchase from the Fund, $[●] in aggregate principal amount of the Fund’s Short-Term Notes, and $[●] in aggregate principal amount of the Fund’s Medium-Term Notes.
Notwithstanding anything in this Agreement or any other Transaction Document to the contrary, no Conduit Lender shall have any obligation to pay any amount required to be paid by it hereunder or thereunder in excess of any amount received pursuant to this Agreement and available to such Conduit Lender after paying or making provision for the payment of its Short-Term Notes.
In the case of a U.S. Holder that is not required, and does not elect, to include discount in income currently, any gain realized on the sale, exchange or retirement of Short-Term Notes will generally be ordinary income to the extent of the discount accrued through the date of sale, exchange or retirement.
In general, individuals and certain other cash method U.S. Holders of Short-Term Notes are not required to include accrued discount in their income currently unless they elect to do so (but may be required to include any stated interest in income as it is received).
This Series PPM Supplement is furnished through the Platform, to which Ginkgo Residential LLC, an Affiliate of the Company, subscribes and provides for use by prospective investors considering purchasing the Short-Term Notes issued by the Company as described in the Memorandum (the “Notes”).