Common use of Disposition of Income Clause in Contracts

Disposition of Income. 6.1 During the term of this Trust, all of the income received by the Trust, not of expenses and taxes, shall be accumulated and reinvested by the Trustee in accordance with the terms of the Trust Agreement. Such accumulated and reinvested income may be used by the Trustee in calculating the Company's required contributions to the Trust under the provisions of Sections 1.3 and 1.4 of the Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Union Planters Corp), Trust Agreement (Regions Financial Corp)

AutoNDA by SimpleDocs

Disposition of Income. 6.1 7.1 During the term of this Trust, all of the income received by the Trust, not net of expenses and taxesexpenses, shall be accumulated and reinvested by the Trustee in accordance with the terms of the Trust Agreement. Such accumulated and reinvested income may be used by the Trustee in calculating the Company's required contributions to the Trust under the provisions of Sections 1.3 and 1.4 of the Trust Agreementreinvested.

Appears in 2 contracts

Samples: Trust Agreement (Southern Power Co), Deferred Stock (Southern Power Co)

Disposition of Income. 6.1 During 7.1 Except as provided in Section 6.2 hereof, during the term of this Trust, all of the income received by the Trust, not net of expenses and taxes, shall be accumulated and reinvested by and the Trustee in accordance with the terms of Corporation and associated companies shall pay any Federal, state or local taxes on the Trust Agreement. Such accumulated or any part thereof and reinvested on the income may be used by the Trustee in calculating the Company's required contributions therefrom attributable to the Trust assets held on their behalf under the provisions of Sections 1.3 and 1.4 of the Trust AgreementTrust.

Appears in 1 contract

Samples: Agreement (International Flavors & Fragrances Inc)

AutoNDA by SimpleDocs

Disposition of Income. 6.1 During the term of this Trust, all of the income received by the Trust, not net of expenses and taxes, shall be accumulated and reinvested by the Trustee in accordance with the terms of the Trust Agreement. Such accumulated and reinvested income may be used by the Trustee in calculating the Company's required contributions to the Trust under the provisions of Sections 1.3 and 1.4 of the Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Union Planters Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!