Collect Income Sample Clauses

The "Collect Income" clause establishes the right and process for a party, typically a trustee or agent, to receive and manage income generated from certain assets or investments. In practice, this clause authorizes the designated party to collect dividends, interest, rents, or other forms of income on behalf of the beneficiary or principal, and may outline how such income should be handled or distributed. Its core function is to ensure that income from assets is properly gathered and managed, preventing loss or misallocation and providing clarity on the handling of such funds.
Collect Income. Collect income as set forth herein.
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Collect Income. 7.1 The Bank will collect all income, principal, and other distributions due and payable on Assets. 7.2 If the Grantor or an Investment Manager directs the Bank to search the DTC’s Legal Notice System for notice that a particular Asset is in default or has refused payment after due demand, then the Bank will conduct such a search and notify such directing party of any such notice the Bank finds therein. 7.3 The Bank will, without the consent of or notice to the Beneficiary, upon call or maturity of any Asset, surrender such Asset upon condition that the proceeds are paid into the Account. 7.4 All payments of interest, dividends, and other income in respect to Assets in the Account belong to the Grantor, subject to any deduction of the Bank’s compensation and expenses, and the Grantor may withdraw the same from the Account at any time. The Beneficiary may terminate the Grantor’s rights to such interest, dividends, and other income by providing written direction to the Bank stating that all interest, dividends and other income will (i) be maintained in the Account, and (ii) not be subject to any rights of the Grantor.
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Collect Income. Following the occurrence of an Event of Default, if Lender shall be entitled to collect and receive all income from the Collateral without the appointment of a receiver, which shall for all purposes constitute property of Lender, and after deducting the expenses of conducting the business thereof and of all maintenance, repairs, renewals, replacements, alterations, additions, betterment's and improvements and amounts necessary to pay for taxes, assessments, insurance and prior or other profit charges upon the Collateral or any part thereof: as well as just and reasonable compensation for the services of Lender and all attorneys, agents, clerks, servants and other employees properly engaged by Lender, Lender shall apply the money received, first to the payment of Costs, then to the outstanding Notes in such order as Lender may determine in its absolute discretion.
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Collect Income. Collect and receive all rents, income, revenue, earnings, issues, and profits of Borrower arising out of or in connection with the Collateral; and
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Collect Income. To collect all income, principal, and other distributions due and payable on Assets. If an Asset is in default, or if payment is refused after due demand, and Bank receives notice of such default or refusal from the Asset’s issuer or transfer agent, then Bank shall so advise Customer.
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Collect Income. Following the occurrence of an Event of Default, if the Associations shall be entitled to collect and receive all income from the Collateral which shall for all purposes constitute property of the Associations and after deducting the expenses of conducting the business thereof and of all maintenance, repairs, renewals, replacements, alterations, additions, betterment's and improvements and amounts necessary to pay for taxes, assessments, insurance and prior or other profit charges upon the Collateral or any part thereof, as well as just and reasonable compensation for the services of the Associations and all attorneys, agents, clerks, servants and other employees properly engaged by the Associations, the Associations shall apply the money received, first to the payment of the indebtedness secured by the First Mortgage, the Future Advance, and the Supplemental Mortgage, when and as the same shall become payable and then to the payment of any other sums required to be paid by Borrowers to the Associations under the Loan Documents.
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Collect Income. The Secured Party, either itself or through a receiver, may collect the payments, income and revenues from the Collateral. The Secured Party may at any time in its discretion transfer any Collateral into its own name or that of its nominee(s) and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as the Secured Party may determine. The Secured Party may demand, collect, receipt for, settle, compromise, adjust, ▇▇▇ for, foreclose, or realize on the Collateral as the Secured Party may determine.
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Related to Collect Income

  • Investment Income to pay to itself net income and gain realized on the investment of funds deposited in the Collection Account (including any A/B Whole Loan Custodial Accounts and Serviced Companion Loan Custodial Accounts);

  • Program Income Program income refers to gross income directly generated by a supporting activity during the period of performance. Unless otherwise required under the Grant Agreement, Grantee shall use Program Income, as provided in TxGMS, to further the Project, and Grantee shall spend the Program Income on the Project. Grantee shall identify and report Program Income in accordance with the Grant Agreement, applicable law, and any programmatic guidance. Grantee shall expend Program Income during the Grant Agreement term, when earned, and may not carry Program Income forward to any succeeding term. Grantee shall refund Program Income to the System Agency if the Program Income is not expended in the term in which it is earned. The System Agency may base future funding levels, in part, upon ▇▇▇▇▇▇▇’s proficiency in identifying, billing, collecting, and reporting Program Income, and in using Program Income for the purposes and under the conditions specified in this Grant Agreement.

  • Interest Income Prior to the Company’s consummation of a Business Combination or the Company’s liquidation, interest earned on the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company and up to $100,000 for liquidation expenses, all as more fully described in the Prospectus (as defined below).

  • GOVERNMENT DATA PRACTICES Supplier and Sourcewell must comply with the Minnesota Government Data Practices Act, Minnesota Statutes Chapter 13, as it applies to all data provided by or provided to Sourcewell under this Contract and as it applies to all data created, collected, received, maintained, or disseminated by the Supplier under this Contract.

  • Taxes on Income Each Party shall be solely responsible for the payment of all taxes imposed on its share of income arising directly or indirectly from the efforts of the Parties under this Agreement.