Examples of Substantial User in a sentence
The Company shall at all times do and perform all acts and things permitted by law and necessary or desirable in order to assure that interest paid on the Bonds shall for the purposes of federal income taxation be excludable from the gross income of the holders of the Bonds, except in the event that any such holder is a Substantial User or Related Person thereto.
The Borrower shall not effect such transfer or change if the result thereof would be to violate any sale restrictions set forth in Section 5.2 hereof, or to subject the interest payable on the Subordinate Bonds (in the hands of any Person who is not a Substantial User of the Project or a Related Person) to federal income taxes under Section 103 of the Code.
If such Governmental Unit has no experience with the type of financing or project, it shall instead provide historical evidence of similar projects or financings by other issuers; such information may be supplied by a Substantial User, underwriter, financial adviser or other sponsor of the proposed financing.
Wirral Council and Wirral Chamber of Commerce are proposing the development of Business Improvement District (BID) in central Birkenhead and surrounding commercial areas.
The Substantial User of such Project or the Governmental Unit shall notify MIFA of any intention not to utilize all or a portion of the alloca- tion reserved to it.