Examples of Interest Portion in a sentence
The City will receive credit against its obligation to pay the Interest Portion or Principal Portion of Basic Rent to the extent moneys are on deposit in the Lease Revenue Fund and are available to pay the Interest Portion or the Principal Portion of Basic Rent represented by the Certificates.
The City recognizes that the Interest Portion of the Basic Rent Payments represented by the Certificates will remain excludable from gross income only if the Post-Issuance Tax Requirements are followed after the Issue Date.
The City will comply with such future restrictions that are necessary to maintain the exclusion of the Interest Portion of the Basic Rent Payments from gross income for federal income tax purposes.
The City will, in addition, adopt such other ordinances or resolutions and take such other actions as may be necessary to comply with the Code and with all other applicable future laws, regulations, published rulings and judicial decisions, in order to ensure that the Interest Portion of the Basic Rent will remain excluded from gross income for federal income tax purposes, to the extent any such actions can be taken by the City.
EXHIBIT C-1 RENTAL PAYMENT SCHEDULE Rental Payment Date Rental Payment Amount Interest Portion Principal Portion Purchase Price LESSEE: New Jersey Educational Facilities Authority SUB-LESSEE: By:_ By:_ Name: Name: Title: Title: DRAFT After payment of the applicable Purchase Price, the Sub-Lessee will own the related Equipment free and clear of any obligations under the related Lease.