Distribution at Year End Sample Clauses

Distribution at Year End. At the end of the last day in a taxation year (or, where the taxation year of a Fund ends on December 15, at the end of the last day in the calendar year that includes the end of the taxation year; or, where the taxation year of a Fund is deemed under the Tax Act to end on a day other than December 15 or December 31, at the end of the last day in that taxation year), an amount not less than the amount necessary to ensure that the Fund will not be liable for the tax under Part I of the Tax Act for the taxation year (other than alternative minimum tax), after taking into account any entitlement to a capital gains refund shall, without any further action, become automatically due and payable to Unitholders of Record on that day in respect of their Units of a particular series of the Fund. An amount that becomes payable to Unitholders of a particular series of Units of a Fund pursuant to this Section shall be allocated among the Unitholders pro rata based on the number of Units of that series held by each Unitholder. All amounts payable pursuant to this Section 16.9 in respect of a Deemed Taxation Year End will be automatically reinvested in additional Units of the same series of the Fund on which the amount was considered payable and immediately following this reinvestment the number of Units of the relevant series outstanding shall, notwithstanding Section 3.3, be automatically consolidated so that the net asset value of each unit of such series after the reinvestment is the same as it was immediately before the amount was considered to have been declared due and payable by the Fund.
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Distribution at Year End. On the last Distribution Date of a Fund in a taxation year (or, where the taxation year of a Fund ends on December 15, on the last Distribution Date of the Fund in the calendar year that includes the end of the taxation year; or, where the taxation year of a Fund is deemed under the Tax Act to end on a day other than December 15 or December 31, on the last Business Day in that taxation year), the following amounts shall, without any further action, become payable to Unitholders of Record for the distribution in respect of their Units of a particular series of the Fund:
Sample 1
Distribution at Year End. On the last Distribution Date of a Fund in a calendar year, the following amounts shall become payable to Unitholders of Record for the distribution in respect of their Units of a particular series of the Fund:
Sample 1

Related to Distribution at Year End

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Billing Period The calendar month shall be the standard period for all charges and payments under this Agreement. On or before the fifteenth (15th) day following the end of each month, Seller shall render to Buyer an invoice for the payment obligations incurred hereunder during the preceding month, based on the Energy Delivered in the preceding month, and any RECs deposited in Buyer’s GIS account or a GIS account designated by Buyer to Seller in writing in the preceding month. Such invoice shall contain supporting detail for all charges reflected on the invoice, and Seller shall provide Buyer with additional supporting documentation and information as Buyer may request.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

  • Monthly Statement The Contractor shall submit a statement to the Engineer at the end of each month, in a tabulated form approved by the Engineer, showing the amounts to which the Contractor considers himself to be entitled. The statement shall include the following items, as applicable; - the value of the Permanent Work executed up to the end of previous month - such an amount (not exceeding 75 percent of the value) as the Engineer may consider proper on account of materials for permanent work delivered by the Contractor in the site - such amount as the Engineer may consider fair and reasonable for any Temporary Works for which separate amounts are provided in the Bill of Quantities - adjustments under Clause 70 - any amount to be withheld under retention provisions of Sub-clause 60.3 - any other sum to which the Contractor may be entitled under the Contract If the Engineer disagrees with or cannot verify any part of the statement, the Contractor shall submit such further information as the Engineer may reasonably require and shall make such changes and corrections in the statement as may be directed by the Engineer. In cases where there is difference in opinion as to the value of any item, the Engineer’s view shall prevail.

  • Elimination Period Benefits commence after the employee has been totally and continuously disabled for fifty-two (52) weeks or has exhausted his weekly indemnity benefits whichever occurs last.

  • When Must Distributions from a Xxxxxxxxx Education Savings Account Begin? Distribution of a Xxxxxxxxx Education Savings Account must be made (or otherwise will be deemed made) no later than 30 days from the earlier of the beneficiary’s death or attainment of age 30. A distribution from a Xxxxxxxxx Education Savings Account may be rolled over to another beneficiary’s Xxxxxxxxx Education Savings Account according to the requirements of Section (4). Note that the Economic Growth and Tax Relief Reconciliation Act of 2001 waives the distribution age limitation if the beneficiary of the Xxxxxxxxx Education Savings Account is a “Special Needs” student.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

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