Common use of Allocate Gain to Accounting Income Clause in Contracts

Allocate Gain to Accounting Income. The Trustees may allocate any capital gain recognized by the Trust to accounting income, which allocation shall be evidenced by the execution by the Trustees of an instrument in writing and kept with the records of the Trust.

Allocate Gain to Accounting Income. The Trustees (excluding, however, any Interested Trustee) may allocate any capital gain recognized by the Trust any trust hereunder to accounting income, which allocation shall be evidenced by the execution by the Trustees of an instrument in writing and kept with the records of the Trusttrust.