Distribution of Net Income. A. All Net Income, if any, of the Partnership for each calendar year shall be distributed in the following order of priority:
Distribution of Net Income. Initial distribution of net income will occur within six (6) months of receipt of proceeds from marketing and/or commercialization of intellectual property. Subsequent distribution will be made semi-annually on or about June 1 and December 1 each year. If an infringement suit or claim of patent or copyright invalidity is brought against the University, external intermediary, and/or Creator during the life of the patent or copyright, the net income distribution attributable to that patent or copyright may be halted during the pendency of the suit, and adjusted accordingly for expenses from defending such suits or claims, and for any settlement or judgment.
Distribution of Net Income. (a) The Board of Governors shall determine annually what part of the Fund's net income shall be placed to reserve and what part, if any, shall be distributed.
Distribution of Net Income. An amount equal to 50% of the Distributable Net Income (as hereinafter defined) shall be distributed to each party from time to time, as determined by the Management Committee. "Distributable Net Income" for any period shall mean the excess, if any, of (i) the net income (computed without regard to any deduction for depreciation of Venture assets) for such period over (ii) the aggregate net losses for all prior periods to the extent not offset against net income for prior periods in computing "Distributable Net Income" for such prior periods.
Distribution of Net Income. Article 36 After approval of the annual report, the net income of the Bank shall be distributed at the discretion of the Council of the Bank and may be added to the reserve capital or used for other purposes. XI PROCEDURE FOR ADMISSION OF NEW MEMBERS AND WITHDRAWAL FROM THE BANK
Distribution of Net Income. Client shall cause the Net Income of the Proposed Project to be distributed as follows: First, until the first $3,000,000.00 of the EB‐5 Financing is returned to the EB‐5 investors, 80% of the cash will be returned to the EB‐5 investors and 20% to owners of the Owner Entity. Second, after the first $3,000,000.00 of the EB‐5 Financing is returned to the EB‐5 investors and until the entire amount of the EB‐5 Financing has been returned to the EB‐5 investors, 70% of the cash will be returned to the EB‐5 investors and 30% to owners of the Owner Entity. Third, after the entire amount of the EB‐5 Financing has been returned to the EB‐5 investors, 100% of the cash will be returned to owners of the Owner Entity.
Distribution of Net Income. While the Surviving Settlor is living, the Trustees shall pay to or use and apply for the benefit of the Surviving Settlor all of the net income (including all income received or accrued subsequent to the Deceased Settlor’s death with respect to property passing into the SURVIVOR’S TRUST), in monthly or other convenient installments, but not less frequently than annually.
Distribution of Net Income. (a) The Board of Governors shall determine annually what part of the Fund’s net income shall be placed to reserve and what part, if any, shall be distributed.
Distribution of Net Income. (a) Net Income shall be distributed at least at the end of each calendar year to each partner in accordance with his or her Partnership percentage, as set forth in paragraph 1.2 above. Notwithstanding, the managing partner will attempt to distribute net income more frequently, when and if any exist. Such provisional distributions shall be at the discretion of the managing partner, or shall be made if commanded by a majority vote.
Distribution of Net Income. The Trustee shall distribute the Trust’s net income in accordance with the terms of the Trust Deed unless all Unitholders, by prior unanimous resolution, otherwise agree. OR 9 Distribution of Net Income at Year-End The Unitholders agree that at 30 June each year, each Unitholder shall be presently entitled to a share of the Trust’s net income as follows (unless otherwise agreed unanimously in writing by the Unitholders): each Unitholder shall (after provision has been made for the payment of costs of the Trust by the Unitholders in equal shares or as otherwise agreed between the Unitholders in writing) be entitled to receive such proportion of the balance of the net income of the Trust as has been generated by each respective Unitholder’s Representative; and
