Taxable Project definition

Taxable Project means any particular capital project or improvements that is not a Tax Exempt Governmental Project.
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Taxable Project means the financing, through the issuance of the Taxable Bonds, of the costs of a project consisting of: (a) the refunding of [all] [a portion] of the Authority's Revenue Refunding Bonds, Seton Hall University Issue, 2011 Series A, and the Authority's Revenue Bonds, Seton Hall University Issue, 2013 Series D; [(b) the construction and equipping of a multi-story student housing facility; (c) funding capitalized interest for the Taxable Bonds through [DATE], 202_;] and [(b)] [(d)] paying certain costs of issuing the Taxable Bonds.
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Taxable Project means a Project described in a Certificate provided by the Authority with respect to the applicable Taxable Subordinate Obligation prior to or at the time of incurrence of such Taxable Subordinate Obligation and which the Authority is lawfully permitted to undertake with the proceeds of such Taxable Subordinate Obligation and which is acquired, constructed, improved, expanded or otherwise financed with the proceeds of such Subordinate Obligation, or any other purpose allowed by the Act, the Ordinance and the Agreement (including, but not limited to, the refunding and restructuring of existing and future indebtedness of the Authority).
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Examples of Taxable Project in a sentence

  • On September 30, 2003, the County, through the Improvement Authority, issued $17,915,000 Taxable Project Revenue Bonds, Series 2003B.

  • The proceeds of Subordinate Lien Taxable Obligations (other than Refunding Obligations) that are required to be deposited therein pursuant to the Supplemental Indenture authorizing the issuance thereof, shall be deposited to the Subordinate Lien Taxable Project Cost Subaccount.

  • Each such subaccount shall bear such additional designation as may be necessary or appropriate to distinguish it from every other subaccount associated with each issuance of Tax Exempt Governmental Commercial Paper Notes issued in connection with any Tax Exempt Governmental Project (each a “Tax Exempt Governmental Project Subaccount”) and each issuance of Taxable Commercial Paper Notes issued in connection with any Taxable Project (each, a “Taxable Project Subaccount”).

  • Investment Securities held in the Tax-Exempt Project Cost Subaccount shall be deposited to the Senior Lien Tax-Exempt Debt Service Subaccount and Subordinate Lien Tax-Exempt Debt Service Subaccount, on a pro rata basis, and earnings on Investment Securities held in the Taxable Project Cost Subaccount shall be deposited to the Senior Lien Taxable Debt Service Subaccount and Subordinate Lien Taxable Debt Service Subaccount, on a pro rata basis.

  • The Trustee shall disburse funds from the Senior Lien Taxable Project Cost Subaccount, Subordinate Lien Taxable Project Cost Subaccount, Senior Lien Tax-Exempt Project Cost Subaccount or Tax-Exempt Project Cost Subaccount to the Disbursement Account, pursuant to a completed Payment Certificate.

  • General Obligation Bonds, Taxable Project and Refunding Series 2012B, CUSIP 167486PG8.revenues and additionally drained its parking meter asset lease reserves.

  • Amounts on deposit in the Taxable Project Cost Subaccount shall be transferred to the applicable subaccount of the Taxable Debt Service Subaccount or Taxable Surplus Debt Redemption Subaccount, as directed in the Letter of Instructions.

  • The moneys in the 2017 Series A Taxable Project Fund shall be maintained separate and apart from other moneys of the Successor Agency.

  • The Successor Agency covenants that no funds on deposit in the 2017 Series A Taxable Project Fund shall be applied for any purpose not authorized by the Law.

  • The proceeds of Senior Lien Taxable Obligations (other than Refunding Obligations) that are required to be deposited therein pursuant to the Supplemental Indenture authorizing the issuance thereof, shall be deposited to the Senior Lien Taxable Project Cost Subaccount.


More Definitions of Taxable Project

Taxable Project means a Project described in a Certificate provided by the Authority at or prior to the time of the applicable Advance resulting in a Taxable Loan and which the Authority is lawfully permitted to undertake with the proceeds of such Advance, and which is acquired, constructed, improved, expanded or otherwise financed with the proceeds of such Advance, or any other purpose allowed by the Act, the Ordinance and the Agreement (including, but not limited to, the refunding and restructuring of existing and future indebtedness of the Authority).
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Taxable Project means a Project described in a Certificate provided by the Authority at or prior to the time of the applicable Drawing and which the Authority is lawfully permitted to undertake, including, but not limited to, a Tax-Exempt Project, and which is acquired,
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Taxable Project means any Borrower project financed with the proceeds of a Taxable Draw.
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Taxable Project means any undertaking, facility or item which is described in a Certificate provided by the Department at the time of delivery of a Request for Advance and which the Department is lawfully permitted to undertake, including, but not limited to, a Governmental Project or a Private Activity Project, and which is acquired, constructed, reconstructed, improved, expanded or otherwise financed with proceeds of Taxable Revolving Obligations.
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Related to Taxable Project

  • Taxable Property means all Assessor’s Parcels which are not Exempt Property.

  • Taxable Public Property means all Assessor’s Parcels of Public Property that are not exempt pursuant to Section E below.

  • Taxable REIT Subsidiary means a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code.

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • Contributed Property means each property or other asset, in such form as may be permitted by the Delaware Act, but excluding cash, contributed to the Partnership. Once the Carrying Value of a Contributed Property is adjusted pursuant to Section 5.5(d), such property shall no longer constitute a Contributed Property, but shall be deemed an Adjusted Property.

  • newly rateable property means any rateable property on which property rates were not levied before the end of the financial year preceding the date on which this Act took effect, excluding –

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • 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.

  • Eligible Projects means projects as described in Schedule B.

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • Eligible Property means property beneficially owned by a person or entity other than the Fund and held in a bank account maintained by BNYM for or on behalf of the Fund, or property held in a Fund shareholder account, which is (x) subject to reporting or escheat under an Unclaimed Property Law, (y) of a nature or type or classification reasonably related to the services performed by BNYM under this Agreement (such as cash amounts representing non-negotiated dividend checks and shares in abandoned shareholder accounts), and (z) under the control of BNYM.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Eligible project means 1 or more of the following projects of a local unit that have been approved by the director and the state treasurer, including costs associated with a project necessary for issuance of evidences of indebtedness to finance the project:

  • Taxable Period means any taxable year or any other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Agreed Value of any Contributed Property means the fair market value of such property or other consideration at the time of contribution as determined by the General Partner. The General Partner shall use such method as it determines to be appropriate to allocate the aggregate Agreed Value of Contributed Properties contributed to the Partnership in a single or integrated transaction among each separate property on a basis proportional to the fair market value of each Contributed Property.

  • movable property means property of every description except immovable property;

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Tax Items shall have the meaning set forth in Section 6.4.A.