Examples of Taxable Loan in a sentence
Ordinarily, it is difficult to keep abreast of ongoing work that may impact your own, and organizations struggle to make sure that the work of different individuals and groups does not conflict.
All Taxable Loans made by the Bank and all payments and prepayments made on account of principal thereof shall be recorded by the Bank on the schedule attached to the Taxable Note, it being understood, however, that failure by the Bank to make any such endorsement shall not affect the obligations of the University hereunder or under the Taxable Note in respect of unpaid principal and interest on any Taxable Loan.
Each entry on the Taxable Note with respect to a Taxable Loan schedule shall reflect the applicable principal amount and the applicable interest rate.
Any Request for Loan shall be signed by an Authorized University Representative and shall specify whether the requested Loan shall be a Tax-Exempt Loan or a Taxable Loan.
Additionally, financing costs totaling $67,560, related to obtaining the Taxable Loan, were capitalized and are being amortized over the life of the Taxable Loan.