DISTRIBUTION OF INCOME AND PRINCIPAL Sample Clauses

DISTRIBUTION OF INCOME AND PRINCIPAL. In providing for the establishment of this trust for the benefit of [Name of Beneficiary], I am aware of the special circumstances and disabilities affecting [Name of Beneficiary] which may cause or will cause him/her to be eligible for various local, state and federal benefits and entitlements, as well as possible assistance provided by various private agencies and organizations. The primary purpose of this trust is to assure that [name of Beneficiary] achieves his/her maximum potential and leads as full, independent and normal a life as possible. To that end, it is my wish that the Trustee view themselves not only as trustee in the traditional sense, but also as protector, guardian and advocate for [Name of Beneficiary]. Correspondingly, the trustee shall expend the income and the principal of the trust in ways that best further these goals, and in accordance with the provisions set forth in the following Articles.
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DISTRIBUTION OF INCOME AND PRINCIPAL. By investing in the Fund, the Church acknowledges that income will be distributed to the Church in accordance with the policies of the Fund and subject to any additional instruction supplied to the Foundation by the Church in regard to the Church’s invested assets. Requests to change the method of income disbursement from the Fund shall be communicated to the Foundation in writing, in a form acceptable to the Foundation, along with two signatory authorizations as designated in Schedule “A”, attached hereto. The Church is responsible for ensuring that appropriate administrative body approvals are received for such a request in accordance with the Church’s own guidelines and the Book of Discipline. The Church may withdraw part or all of its pro rata share of the Fund, provided that this request is communicated in writing, in a form acceptable to the Foundation, along with two signatory authorizations. The Church is responsible for ensuring that appropriate administrative body approvals are received for such a request in accordance with the Church’s own guidelines and the Book of Discipline. The Church acknowledges that the authorized signatories designated in Schedule “A”, attached hereto, have the right to issue a directive on behalf of the church in regard to withdrawing any portion of the Church’s pro rata share of the Fund. Any and all assets received by the Church from the Church’s pro rata share of the Fund shall be used by the Church for such purposes as are consistent with any and all policies established by the Church in regard to these assets. It is the responsibility of the Church to ensure that any policies established for the aforementioned use of any and all assets from the Fund are consistent with any restrictions placed upon donations to the Fund by any and all donors. The Foundation shall have no obligation or liability whatsoever with regard to the use of distributed assets by the Church, and the Church hereby indemnifies, releases and holds the Foundation harmless from and against any and all such liability.
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DISTRIBUTION OF INCOME AND PRINCIPAL. By investing in the Fund, the Agency acknowledges that income will be distributed to the Agency in accordance with the policies of the Fund and subject to any additional instruction supplied to the Foundation by the Agency in regard to the Agency’s invested assets. Requests to change the method of income disbursement from the Fund shall be communicated to the Foundation in writing, in a form acceptable to the Foundation, along with two signatory authorizations as designated in Schedule “A”, attached hereto. The Agency is responsible for ensuring that appropriate administrative body approvals are received for such a request in accordance with the Agency’s own guidelines. The Agency may withdraw part or all of its pro rata share of the Fund, provided that this request is communicated in writing, in a form acceptable to the Foundation, along with two signatory authorizations. The Agency is responsible for ensuring that appropriate administrative body approvals are received for such a request in accordance with the Agency’s own guidelines. The Agency acknowledges that the authorized signatories designated in Schedule “A”, attached hereto, have the right to issue a directive on behalf of the Agency in regard to withdrawing any portion of the Agency’s pro rata share of the Fund. Any and all assets received by the Agency from the Agency’s pro rata share of the Fund shall be used by the Agency for such purposes as are consistent with any and all policies established by the Agency in regard to these assets. It is the responsibility of the Agency to ensure that any policies established for the aforementioned use of any and all assets from the Fund are consistent with any restrictions placed upon donations to the Fund by any and all donors. The Foundation shall have no obligation or liability whatsoever with regard to the use of distributed assets by the Agency, and the Agency hereby indemnifies, releases and holds Foundation harmless from and against any and all such liability.
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DISTRIBUTION OF INCOME AND PRINCIPAL. So long as Beneficiary is under the age of twenty-one (21), Trustee shall pay to or apply for the benefit of Beneficiary, as much of the net income and principal of the Trust as Trustee, in Trustee's discretion, deems necessary for the proper health, support, maintenance, and education of Beneficiary, after taking into consideration, to the extent Trustee deems advisable, any other income or resources of Beneficiary known to Trustee. Any net income not distributed shall be accumulated and added to the principal.
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DISTRIBUTION OF INCOME AND PRINCIPAL. The Trustees shall hold, manage, invest and re-invest the trust estate, shall collect the income thereof and shall pay over the net income to the Grantor, or shall apply the same for his benefit, in convenient installments or accumulate the same, during his lifetime. In addition, the Trustee is directed to pay over to out of the principal of the trust in each successive calendar year commencing with the current calendar year, such additional sums from principal as he may request.
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DISTRIBUTION OF INCOME AND PRINCIPAL. The Trustee may distribute any part or all of the income and principal of the trust to us or for our benefit at any time or times in the Trustee's sole and absolute discretion; provided, however, on February 1st of each calendar year (or, if February 1st is not a business day, then on the first business day after February 1st), if both or either of us are/is then living, the Trustee shall distribute to us, FREDERICK D. SANXXXXX xxx XXXXXXX X. SANCIXXX, xx xxx xxxxxxxr, the then balance of the trust estate other than a nominal amount which shall be held so as to maintain a custodial/brokerage account under this Agreement. Prior to distribution on February 1st, any income not so paid shall be added to principal. We shall not have the right to direct the form or type of assets that must be distributed to us.
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DISTRIBUTION OF INCOME AND PRINCIPAL. (a) INCOME DISTRIBUTIONS: The net income of the Trust shall be paid to or applied for the benefit of the Grantor during Grantor’s lifetime, in convenient installments, at least quarterly. Net income shall be strictly defined as interest income, dividends and rent.
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DISTRIBUTION OF INCOME AND PRINCIPAL. During the joint lifetimes of the Trustors, the Trustee shall pay to a Trustor, or shall apply for his or her benefit, the entire net income of that Trustor’s separate estate, quarter- annually or in more frequent installments. At the written request of the Trustor who transferred the separate estate to the trust, the Trustee shall pay to that Trustor so much of the principal of his or her separate estate as the Trustor shall request.
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DISTRIBUTION OF INCOME AND PRINCIPAL 
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Related to DISTRIBUTION OF INCOME AND PRINCIPAL

  • Collection of Income The Custodian shall use reasonable commercial efforts to collect all income and other payments with respect to the Foreign Assets held hereunder to which the Portfolios shall be entitled and shall credit such income, as collected, to the applicable Portfolio. In the event that extraordinary measures are required to collect such income, the Fund and the Custodian shall consult as to such measures and as to the compensation and expenses of the Custodian relating to such measures.

  • Disposition of Income During the term of this Trust, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested.

  • Distributions of Principal On each Payment Date, the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) pay any amounts allocated to principal under Section 8.2(c) in the following order of priority, in each case, applied pro rata according to the Note Balance of the Notes of that Class: (i) first, to the Noteholders of Class A-1 Notes in payment of principal until the Note Balance of the Class A-1 Notes has been reduced to zero; (ii) second, to the Noteholders of Class A-2a and Class A-2b Notes, pro rata based on the respective Note Balances, in payment of principal until the Note Balance of the Class A-2a and Class A-2b Notes has been reduced to zero; (iii) third, to the Noteholders of Class A-3 Notes, in payment of principal until the Note Balance of the Class A-3 Notes has been reduced to zero; (iv) fourth, to the Noteholders of Class A-4 Notes, in payment of principal until the Note Balance of the Class A-4 Notes has been reduced to zero; (v) fifth, to the Noteholders of Class B Notes in payment of principal until the Note Balance of the Class B Notes has been reduced to zero; (vi) sixth, to the Noteholders of Class C Notes in payment of principal until the Note Balance of the Class C Notes has been reduced to zero; and (vii) seventh, to the holder of the Residual Interest), any remaining amounts.

  • Payments of Principal If an Early Amortization Period has not begun, on the Expected Final Payment Date, or on each Payment Date for an Early Amortization Period, and if the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will withdraw an amount up to the aggregate Note Balance of Series 20 - from the Series 20 - Principal Funding Account for payment in the following order of priority: (i) to the Noteholders of [the][each Class of] Class A Notes, [pro rata based on the principal amount of each Class of Class A Notes,] until the Note Balance of [the][each Class of] Class A Notes is reduced to zero, (ii) to the Noteholders of Class B Notes, until the Note Balance of the Class B Notes is reduced to zero, (iii) to the Noteholders of the Class C Notes, until the Note Balance of the Class C Notes is reduced to zero and (iv) to the Noteholders of the Class D Notes, until the Note Balance of the Class D Notes is reduced to zero.

  • Capitalization of Interest The Mortgage Note does not by its terms provide for the capitalization or forbearance of interest.

  • Allocations of Income and Loss For each taxable year, each holder of Preferred Units will be allocated a portion of the Net Income and Net Loss of the Partnership equal to the portion of the Net Income and Net Loss of the Partnership that would be allocated to such holder pursuant to Article 6 of the Agreement if such holder held a number of Partnership Common Units equal to (i) the number of Preferred Units held by such holder, multiplied by (ii) 0.625. Upon liquidation, dissolution or winding up of the Partnership, the Partnership shall endeavor to allocate income and gain to the holders of the Preferred Units such that the Capital Accounts related to the Preferred Units are equal to their Liquidation Preference.

  • Limited Distributions of Income from Trust Account (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company. (b) The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a), no other distributions from the Trust Account shall be permitted except in accordance with Section 1(i) hereof. (c) The Company shall provide Ladenburg with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

  • 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.

  • Collection of Income and Other Payments (A) collect and receive for the account of each Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise each Portfolio of such receipt and credit such income to each Portfolio's custodian account; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; (C) receive and hold for the account of each Portfolio all securities received as a distribution on the Portfolio's securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any securities belonging to a Portfolio and held by PFPC Trust hereunder; (D) present for payment and collect the amount payable upon all securities which may mature or be called, redeemed, retired or otherwise become payable (on a mandatory basis) on the date such securities become payable; and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

  • LOANS AND PAYMENTS OF PRINCIPAL Date Amount of Type of Loan Amount of Maturity Date Notation Made Loan Principal By Repaid ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ EXHIBIT B Form of Money Market Quote Request [Date] To: Xxxxxx Guaranty Trust Company of New York (the "Agent") From: U S WEST Capital Funding, Inc. Re: 364-Day Credit Agreement (the "Credit Agreement") dated as of May 8, 1998 among U S WEST Capital Funding, Inc., U S WEST, Inc., USW-C, Inc., the Banks listed on the signature pages thereof, the other agents named therein and the Agent We hereby give notice pursuant to Section 2.03 of the Credit Agreement that we request Money Market Quotes for the following proposed Money Market Borrowing(s): Date of Borrowing: __________________ Principal Amount1 Interest Period2 $ Such Money Market Quotes should offer a Money Market [Margin] [Absolute Rate]. [The applicable base rate is the London Interbank Offered Rate.] Terms used herein have the meanings assigned to them in the Credit Agreement. -------- 1Amount must be $25,000,000 or a larger multiple of $5,000,000. 2Not less than one month (LIBOR Auction) or not less than 7 days (Absolute Rate Auction), subject to the provisions of the definition of Interest Period. Terms used herein have the meanings assigned to them in the Credit Agreement. U S WEST CAPITAL FUNDING, INC. By________________________ Title: EXHIBIT C Form of Invitation for Money Market Quotes To: [Name of Bank] Re: Invitation for Money Market Quotes to U S WEST Capital Funding, Inc. (the "Borrower") Pursuant to Section 2.03 of the 364-Day Credit Agreement dated as of May 8, 1998 among U S WEST Capital Funding, Inc., U S WEST, Inc., USW-C, Inc., the Banks parties thereto, the other agents named therein and the undersigned, as Administrative Agent, we are pleased on behalf of the Borrower to invite you to submit Money Market Quotes to the Borrower for the following proposed Money Market Borrowing(s): Date of Borrowing: __________________ Principal Amount Interest Period $ Such Money Market Quotes should offer a Money Market [Margin] [Absolute Rate]. [The applicable base rate is the London Interbank Offered Rate.] Please respond to this invitation by no later than [10:30 A.M.] [9:15 A.M.] (New York City time) on [date]. XXXXXX GUARANTY TRUST COMPANY OF NEW YORK, as Administrative Agent By______________________________ Authorized Officer EXHIBIT D Form of Money Market Quote To: Xxxxxx Guaranty Trust Company of New York, as Administrative Agent (the "Agent")

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