DISPOSITION OF INCOME AND PRINCIPAL Sample Clauses

DISPOSITION OF INCOME AND PRINCIPAL. (1) AT THE DIRECTION OF THE TRUSTOR The Trustee shall manage the property of the Trust estate, collect the income, and shall pay from the income of the Trust such amounts and to such persons as the Trustor may from time to time direct. In the absence of direction, the Trustee may accumulate the net income or may disburse any portion of the net income to or for the benefit of the Trustor, . In addition, the Trustee shall pay from the principal of the Trust such amounts and to such persons as said Trustor may direct. In the absence of direction, the Trustee may pay from the principal of this Trust such amounts as may be necessary for the health or maintenance of the standard of living of .
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DISPOSITION OF INCOME AND PRINCIPAL. A. During the lifetime of the Beneficiary, the income must be distributed in the month received, as provided in Iowa Code 633C.3, for the necessary administrative expenses of the trust up to $10 per month; a personal needs allowance for the Beneficiary kept in a separate account; a minimum monthly maintenance needs allowance for a spouse, if applicable; and the medical needs of the beneficiary as determined by HHS. If any funds remain after the monthly distributions, such funds shall be retained and will accumulate in the trust.
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DISPOSITION OF INCOME AND PRINCIPAL. DURING THE LIFETIME OF TRUSTOR During the lifetime of the Trustor, such part or all of the net income or the principal of the trust estate shall be paid to Trustor at such times and in such amounts as Trustor shall in writing direct and in the absence of such direction, the net income shall be paid to Trustor in monthly or other convenient installments, no less frequently than annually; or, shall be delivered to such persons and in such amounts from time to time as the Trustor shall direct in writing signed by Trustor and delivered to Trustee. In the event Trustor shall be incompetent or unable to manage Trustor’s affairs, the Trustee shall pay or apply for the benefit of Trustor such amounts to such persons as in its sole and absolute discretion it deems necessary and proper for the health, support, maintenance, and welfare of Trustor and Trustor’s spouse and children.
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DISPOSITION OF INCOME AND PRINCIPAL. UPON DEATH OF TRUSTOR
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Related to DISPOSITION OF INCOME AND PRINCIPAL

  • TAXATION OF INCOME Article 6

  • Disposition of Insurance Documents One original certificate of insurance with all endorsements attached must be deposited with Owner for each insurance policy required.

  • Protection of Investments 1. All investments, whether direct or indirect, made by investors of one Contracting Party shall enjoy a fair and equitable treatment in the territory of the other Contracting Party.

  • Repatriation of Investments and Returns (1) Each Contracting Party shall guarantee to the investors of the other Contracting Party the transfer out of its territory without delay in any freely convertible currency of:

  • Promotion of Investments 1. Each Contracting Party shall promote investments in its territory by investors of the other Contracting Party and shall accept such investments in accordance with its legislation.

  • Repatriation of Investment 1. Each Contracting Party shall, subject to its laws, regulations and national policies in respect to investments by investors of the other Contracting Party allow without unreasonable delay the transfer of: (a) The net profits, dividends, royalties, technical assistance and technical assistance and technical fees, interest and other current income, accruing from any investment of the investors of the other Contracting Party;

  • Promotion and Protection of Investments 1. Each Contracting Party shall encourage and create favourable conditions for investors of the other Contracting Party to make investments in its territory and shall admit such investments in accordance with its laws and regulations.

  • Funds Available and Authorized; Payments Consultant shall not be compensated for Services performed under the WOC by any other agency or department of the State of Oregon. Agency reasonably believes that, as of the effective date of the WOC, it has sufficient funds available and authorized for expenditure to finance the costs of the WOC within Agency's biennial appropriation or limitation. Consultant understands and agrees that Agency's payment of amounts under the WOC is contingent on Agency receiving from the Oregon Legislative Assembly appropriations, limitations, or other expenditure authority sufficient to allow Agency, in the exercise of its reasonable administrative discretion, to continue to make payments under the WOC. In the event Agency staff responsible for oversight of the WOC become aware that sufficient funds are not available and authorized for expenditure to finance the costs of the WOC within Agency’s biennial appropriation or limitation, Agency shall give prompt written notice to Consultant.

  • Promotion and Protection of Investment (1) Each Contracting Party shall encourage and create favourable conditions for investors of the other Contracting Party to make investments in its territory, and admit such investments in accordance with its laws and policy.

  • Repatriation of Investment and Returns (1) Each Contracting Party shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay and on a nondiscriminatory basis. Such funds may include:

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