Tax Credit Bonds definition

Tax Credit Bonds means the interest subsidy bonds issuable by the Authority under Sections 54AA and 6431 of the Code and a “qualified bond” under Section 54AA(g)(2) of the Code or such other tax credit bonds of substantially similar nature which may be hereafter authorized.
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Tax Credit Bonds means the one or more series of governmental purpose tax credit bonds or other form of obligations that the Issuer has previously issued or may in the future issue that entitle the Issuer, the owners of the Tax Credit Bonds, or any other permitted party to either a credit against federal income tax liability or a refundable credit from the United States Treasury.
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Tax Credit Bonds means bonds, the interest on which is includable in the income of the owner of the bonds for federal income tax purposes, but for which the owner is entitled to a federal tax credit.
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Examples of Tax Credit Bonds in a sentence

  • A letter from the Chief, Regulations Unit, Internal Revenue Service, transmitting the Service’s final rule — Voluntary Closing Agreement Program For Tax-Exempt Bonds and Tax Credit Bonds [Notice 2008-31] re- ceived February 27, 2008, pursuant to 5 U.S.C. 801(a)(1)(A); to the Committee on Ways and Means.


More Definitions of Tax Credit Bonds

Tax Credit Bonds means any Bonds with respect to which the Metropolitan Government has received a Counsel’s Opinion to the effect that the Metropolitan Government is entitled to receive payments by the United States Department of the Treasury or other agency of the United States government in offset of the debt service on such Bonds.
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Tax Credit Bonds means bonds issued by the Authority under laws which permit the Authority to be reimbursed for the payment of principal or interest by the federal or state government.
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Tax Credit Bonds mean the Series D-1 Bonds, and any general obligation bonds authorized under the Authorization and issued as Qualified School Construction Bonds hereunder.
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Tax Credit Bonds means Bonds or Parity Obligations so designated by the Agency the interest on which is not intended at the time of issuance thereafter to be excluded from gross income of the owner thereof for federal income tax purposes, with respect to which the owner or a third party purchaser or transferee is entitled to receive a federal tax credit.
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Related to Tax Credit Bonds

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Debt bondage means the status or condition of a debtor arising from a pledge by the debtor of his or her personal services or of those of a person under his or her control as a security for debt, if the value of those services as reasonably assessed is not applied

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Term Bonds means Bonds that mature on one date and that are subject to mandatory redemption from Amortization Installments or are subject to extraordinary mandatory or mandatory redemption upon receipt of unscheduled Pledged Revenues.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Outstanding Parity Bonds means the Outstanding Series 2010B Bonds, Series 2011A Bonds, Series 2012A Bonds, Series 2014 Bonds, Series 2015 Bonds, Series 2016 Bonds, Series 2017 Bonds, and Series 2019A Bonds.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.