Taxable Date definition

Taxable Date means the date as of which interest on the Bonds is first includible in gross income of the Owner (including, without limitation, any previous Owner) thereof as a result of an Event of Taxability.
Taxable Date means the date on which interest on the Note is first includable in gross income of the Lender thereof as a result of an Event of Taxability as such date is established pursuant to a Determination of Taxability.
Taxable Date means the date on which interest on the Bonds is first includable in gross income of the Bondholder (including, without limitation, any previous Bondholder) thereof as a result of an Event of Taxability as such a date is established pursuant to a Determination of Taxability.

Examples of Taxable Date in a sentence

  • Upon the occurrence of a Determination of Taxability, the Series 2019A Bonds shall bear interest at the Taxable Rate from the Taxable Date and this adjustment shall survive payment of the Series 2019A Bonds until such time as the federal statute of limitations under which interest thereon could be declared taxable under the Code shall have expired.


More Definitions of Taxable Date

Taxable Date means the date on which interest on the Bonds is first includable in gross income of an Owner (including, without limitation, any previous Owner) thereof as a result of a Determination of Taxability.
Taxable Date means the date on which interest on any Tax-Exempt Loan is first includable in gross income of any holder thereof (including the Lender) as a result of an Event of Taxability as such a date is established pursuant to a Determination of Taxability.
Taxable Date means the date on which interest on any Tax-Exempt Revolving Loan or the Tax-Exempt Term Loan, as applicable, is first includable in gross income of any recipient thereof (including the Bank) as a result of an Event of Taxability as such a date is established pursuant to a Determination of Taxability.
Taxable Date means, with respect to a Loan, the date as of which interest on such Loan is first includible in gross income of the recipient thereof (or any assignee or Participant thereof) as a result of an Event of Taxability as such a date is established pursuant to a Tax Event.
Taxable Date means the date as of which interest on the Bonds is first includable in the gross income of the Owner (including, without limitation, any previous Owner) thereof as determined pursuant to (i) an Opinion of Bond Counsel, or (ii) a final decree or judgment of any federal court or a final action by the Internal Revenue Service that is delivered to the Authority, the Bond Trustee or the Corporation.
Taxable Date means the date on which the interest component of any Rental Payment is first includable in gross income of any holder thereof as a result of an Event of Taxability as such a date is established pursuant to a Determination of Taxability.
Taxable Date means the date on which the Interest Portion is first includable in gross income of the Owner (including, without limitation, any previous Owner) thereof as a result of an Event of Taxability as such date is established by the Commissioner, any District Director, other officer or representative of the Internal Revenue Service (or any other government official or agent exercising the same or a substantially similar function from time to time).