Distributable Amount. (a) The Distributable Amount for a Distribution Period is the Distributable Income for that Distribution Period which the Trustee determines to distribute, together with any amount the Trustee determines to distribute to the Unit Holders as a capital amount or distribution of a Reserve Account in respect of that Distribution Period. (b) The Trustee must distribute to a Unit Holder that Unit Xxxxxx’s entitlement to the Distributable Amount (after any accumulations under clause 12.5 and any deductions under clause 12.7) on or before the date which is 14 Business Days after the end of the Distribution Period.
Appears in 4 contracts
Samples: Reference User Funding Agreement (Rufa), Trust Deed, Trust Deed
