Taxable Obligation definition
Taxable Obligation means any Series 2019 Bonds authorized hereby the interest on which is not excludable from gross income of the holder thereof for federal income tax purposes, which, with respect to the Series 2019 Bonds authorized hereby, shall be determined by the Board Representative, in accordance with the Article VII hereof titled “FEDERAL TAX LAW MATTERS” and set forth in the Pricing Certificate.
Taxable Obligation means any Sales Tax Parity Obligations (as defined in the Bond Resolution) the interest on which is not excludable from gross income of the holder thereof for federal income tax purposes.
Taxable Obligation means any Bond or any Subordinate Obligation, the interest on which is included in gross income for federal income tax purposes.
More Definitions of Taxable Obligation
Taxable Obligation means any Bond, the interest on which is included in gross income for federal income tax purposes.