Taxable Loans definition

Taxable Loans means individually and collectively, Taxable Revolving Loans and Taxable Term Loans.
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Taxable Loans means, for any month during the Buyer Monthly Payment Period, the amount shown as the outstanding principal amount of loans under Seller's Credit Agreement on the monthly statement from Seller's Lenders. The amount of Taxable Loans as of the Effective Date is $120,572,335. The amount of Taxable Loans may be reduced from time to time by payments, credits or other reductions, but, except as otherwise set forth in this definition, the amount of the Taxable Loans, for purposes of calculating the Subsequent Monthly Periodic Fees, cannot be increased by any loans, advances, fees, interest or other charges; provided, that after November 1, 2013, for purposes of calculating the Subsequent Monthly Periodic Fees, Taxable Loans may be increased to account for loans made to Seller by Seller's Lenders to replace the proceeds of Tax-Exempt Bonds, other than Undisbursed Bond Proceeds, being redeemed because bond counsel has determined that such Tax-Exempt Bonds have lost their tax-exempt status solely due to the action or inaction of Buyer or Bxxx Gaming Corporation.
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Examples of Taxable Loans in a sentence

  • Therefore, this is a valid upper lower bound for y [Bessiere et al., 2006a].

  • 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.

  • The sum of the aggregate principal amount of Tax-Exempt Loans and Taxable Loans at any time outstanding shall not exceed the Commitment in effect at such time.

  • The sum of the aggregate principal amount of Tax-Exempt Loans, Taxable Loans and Term Loans at any time outstanding shall not exceed the Commitment in effect at such time.

  • The Taxable Loans shall be evidenced by a promissory note of the University to the Bank in substantially the form set forth in Exhibit B hereto (as amended or supplemented from time to time, the “Taxable Note”) to be issued on the Effective Date, payable to the Bank in a principal amount up to the Available Commitment on the Effective Date and otherwise duly completed.

  • From and after the Effective Date, the Taxable Loans shall be evidenced by an amended and restated promissory note of the University to the Bank in substantially the form set forth in Exhibit B hereto (as amended or supplemented from time totime, the “Taxable Note”) to be issued on the Effective Date, payable to the Bank in a principal amount up to the Available Commitment on the Effective Date and otherwise duly completed.

  • At all times prior to the Effective Date, the Taxable Loans shall be evidenced by the Taxable Note issued on the Original Effective Date.

  • Because BB&T, as sole holder of the Corporation’s debt, including without limitation, the Series 2010A Bonds and the Series 2010B Bonds, is providing the Taxable Loans and thus allowing the Corporation to incur Indebtedness under the Corporation’s Master Trust Indenture, the Commission waives compliance by the Corporation of an incurrence parameters in the Corporations Master Trust Indenture in connection with the Taxable Loans.

  • Designation of Tax-Exempt Loans or Taxable Loans .........................24 Section 2.08.

  • Designation of Tax-Exempt Loans or Taxable Loans 24 Section 2.08.

Related to Taxable Loans

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • non-taxable supply means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act;

  • REO Tax As defined in Section 3.17(a).

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Distribution Taxes means any Taxes incurred as a result of the failure of the Intended Tax-Free Treatment of the Internal Restructuring, the Controlled Transfer or the Distribution.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Taxable Supply ’ means a supply of goods or services or both which is leviable to tax under this Act;

  • Consolidation Loan means a Loan made pursuant to and in full compliance with Section 428C of the Higher Education Act.

  • Mortgage Loan Group Either Group I or Group II.

  • Precomputed Loan means any Loan under which the portion of a payment allocable to earned interest (which may be referred to in the related Loan as an add-on finance charge) and the portion allocable to principal are determined according to the sum of periodic balances, the sum of monthly payments or any equivalent method or are monthly actuarial loans.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Forgivable loan means a loan made to an eligible resident pursuant to the requirements of this chapter.

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • Loan Group Any of Loan Group 1 or Loan Group 2, as applicable.

  • Whole Loan As defined in the Introductory Statement.

  • Agreement combined tax rate means the sum of the tax rates:

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).