Definition of Taxable Bonds

  1. Taxable Bonds means Bonds of a Series which are not Tax Exempt Bonds.

Examples of Taxable Bonds in a sentence

  1. "Market Value of Assets" shall also include Taxable Bonds and Property Loans Net of Loan Loss Reserve, provided that the total value of the "Property Loans Net of Loan Loss Reserve" included in the calculation of the "Market Value of Assets" shall not in the aggregate exceed the lesser of: i) $25,000,000; or, ii) 5% of the total Market Value of Assets less "Property Loans Net of Loan Loss Reserve."

Definition of Taxable Bonds in Indenture

Taxable Bonds means Bonds of a Series which are not Tax Exempt Bonds.