Common use of Distribution of Profits Clause in Contracts

Distribution of Profits. 11.2.1 For each profit distribution, the Management Company shall instruct the Trustee to transfer such amount of cash as required to reflect such distribution to the Distribution Account. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deed. 11.2.2 After fixation of the rate of distribution per unit, distribution payments instruments shall be sent through the registered post or reliable courier service to the registered address of such Holder, or in the case of joint Holders to the registered address of the joint Holder, first named on the Register. Every such payment instruments shall be made payable to the order of person to whom it is delivered or sent and payment of the instruments (if purporting to be duly endorsed or subscribed) shall be in satisfaction of the moneys payable. When an authority in that behalf shall have been received in such form as the Management Company shall consider sufficient, it shall transfer to the Holders’ designated bank account or in case of joint Holder, to designated bank account of the joint Holder, first named in the Register. The receipt of funds by such designated bankers shall be a good discharge of Trustee’s and the Management Company’s responsibilities. 11.2.3 The Management Company may offer the Holder the option to receive new units or fractions thereof under cumulative investment instead of dividend payment, as per the terms and condition and the procedure laid down in the Offering Document. 11.2.4 Before making any payment in respect of a Unit, the Trustee or the Management Company may make such deductions as may be required by law in respect of any Zakat, income or other taxes, charges or assessments whatsoever and issue to the Holder the certificate in respect of such deductions in the prescribed form or in a form approved or acquired by the concerned authorities. 11.2.5 Where Units are placed under pledge/lien the payment of dividend will be made in accordance with Clause 29 of this Deed. 11.2.6 The Management Company may also distribute an amount, through cash dividend, bonus, combination of both or in any other form acceptable to the Commission, monthly, quarterly or interim dividend of the Fund to the Chief Executive Officer, provided that all other provisions of the NBFC Rules, NBFC & NE Regulations and Constitutive Documents of the Fund are complied with. However, the declaration of final dividend shall only be made by and with the approval of the Board of Directors.

Distribution of Profits. 11.2.1 For each profit distribution, the Management Company shall instruct the Trustee to transfer such amount of cash as required to reflect such distribution to the Distribution AccountAccount or to issue Bank Draft/Order/Instruments/online transfer for the payment of such profit. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deed. 11.2.2 After fixation of the rate of distribution per unit, distribution payments instruments shall be sent through the registered post or reliable courier service to the registered address of such Holder, or in the case of joint Holders to the registered address of the joint Holder, first named on the Register. Every such payment instruments shall be made payable to the order of person to whom it is delivered or sent and payment of the instruments (if purporting to be duly endorsed or subscribed) shall be in satisfaction of the moneys payable. When an authority in that behalf shall have been received in such form as the Management Company shall consider sufficient, it shall transfer to the Holders’ designated bank account or in case of joint Holder, to designated bank account of the joint Holder, first named in the Register. The receipt of funds by such designated bankers shall be a good discharge of Trustee’s and the Management Company’s responsibilities. 11.2.3 After the fixing of the rate of bonus distribution per Unit, in case of distribution in the form of Bonus Units, the Management Company shall, under intimation to the Trustee, issue additional Units issued in the name of the Unit Holders as per the bonus ratio. The Bonus Units shall rank pari passu as to their rights in Net Assets, earning and the receipts of the dividends and distributions, with the existing Units of the Fund from the date of issue of these Units. 11.2.4 The Management Company may offer the Holder the option to receive new units or fractions thereof under cumulative investment instead of dividend payment, as per the terms and condition and the procedure laid down in the Offering Document. 11.2.4 11.2.5 Before making any payment in respect of a Unit, the Trustee or the Management Company may make such deductions as may be required by law in respect of any Zakat, income or other taxes, charges or assessments whatsoever and issue to the Holder the certificate in respect of such deductions in the prescribed form or in a form approved or acquired by the concerned authorities. 11.2.5 11.2.6 Where Units are placed under pledge/lien the payment of dividend will be made in accordance with Clause 29 of this Deed. 11.2.6 11.2.7 The Management Company may also distribute an amount, through cash dividend, bonus, combination of both or in any other form acceptable to the Commission, monthly, quarterly or interim dividend of the Fund to the Chief Executive Officer, provided that all other provisions of the NBFC Rules, NBFC & NE Regulations and Constitutive Documents of the Fund are complied with. However, the declaration of final dividend shall only be made by and with the approval of the Board of Directors.

Distribution of Profits. 11.2.1 For On each profit distributionProfit Distribution Date, the Management Company shall instruct the Trustee to transfer such amount of cash as required to reflect such distribution to the Distribution Account. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deed. 11.2.2 After fixation of the rate of distribution per unit, distribution payments instruments shall be made by warrant by the Trustee and sent through the registered post or reliable courier service to the registered address of such Holder, or in the case of joint Holders to the registered address of the joint Holder, first named on the Register. Every such payment instruments warrant shall be made payable to the order of person to whom it is delivered or sent and payment of the instruments warrant (if purporting to be duly endorsed or subscribed) shall be in satisfaction of the moneys payable. When an authority in that behalf shall have been received in such form as the Management Company shall consider sufficient, it shall transfer to the Holders’ designated bank account or in case of joint Holder, to designated bank account of the joint Holder, first named in the Register. The receipt of funds by such designated bankers shall be a good discharge of Trustee’s and the Management Company’s responsibilities. 11.2.3 The Management Company may offer the Holder the option to receive new units or fractions thereof under cumulative investment instead of dividend payment, as per the terms and condition and the procedure laid down in the Offering Document. 11.2.4 Before making any payment in respect of a Unit, the Trustee or the Management Company may make such deductions as may be required by law in respect of any Zakat, income or other taxes, charges or assessments whatsoever and issue to the Holder the certificate in respect of such deductions in the prescribed form or in a form approved or acquired by the concerned authorities. 11.2.5 Where Units are placed under pledge/lien the payment of dividend will be made in accordance with Clause 29 of this Deed. 11.2.6 The 2The Management Company may also distribute an amount, through cash dividend, bonus, combination of both or in any other form acceptable to the Commission, monthly, quarterly and/or for an interim periods. The Board of Directors of the Management Company may delegate the powers for declaring monthly, quarterly or interim dividend of the Fund to the Chief Executive Officer, provided that all other provisions of the NBFC Rules, NBFC & NE Regulations and Constitutive Documents of the Fund are complied with. However, the declaration of final dividend shall only be made by and with the approval of the Board of Directors.

Distribution of Profits. 11.2.1 For 16.2.1 On each profit distributionAccounting Date or interim distribution date, the Management Company shall instruct the Trustee to transfer to the Distribution Account such amount of cash as required to reflect such effect cash distribution of income to the Distribution AccountUnit Holders. The amount standing to the credit of the Distribution Account shall not for any purposes of this Trust Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deedprovided. 11.2.2 16.2.2 After fixation of the rate of distribution per unitUnit, distribution payments instruments shall be made by direct bank transfer or cheque or warrant by the Trustee and sent through the registered post or reliable courier service to the registered address of such Holder, or in the case of joint Holders to the registered address of the joint Holder, first named on the Register. Every such payment instruments cheque or warrant shall be made payable to the order of person to whom it is delivered or sent and payment of the instruments cheque or warrant (if purporting to be duly endorsed or subscribed) shall be in satisfaction of the moneys payable. When an authority in that behalf shall have been received in such form as the Management Company shall consider sufficient, it shall transfer to the Holders’ designated bank account or in case of joint Holder, to designated bank account of the joint Holder, first named in the Register. The receipt of funds by such designated bankers shall be a good discharge of Trustee’s and the Management Company’s responsibilitiestherefore. 11.2.3 16.2.3 The Management Company may also issue bonus Units in lieu of cash dividend on the pertinent Classes or Types of Units, which will be mentioned in the Offering Document. The Management Company may offer the Holder the option to receive new units Units or fractions thereof under cumulative investment instead of dividend payment, as per the terms and condition and the procedure laid down in the Offering Document. 11.2.4 16.2.4 The Management Company may offer the Unit Holder the option to encash bonus Units as may be entitled against distribution in form of bonus Units. The Unit Holders shall be entitled to change such option under the signatures of the Unit Holder and in case of joint Holders, under the signatures of all the joint Holders. 16.2.5 In case of encashment, the bonus Units will be redeemed on the first Dealing Day after distribution at the NAV of the effective date of distribution after appropriation of the distribution but without any charge of any Back end Load. 16.2.6 Before making any payment in respect of a Unit, the Trustee or the Management Company may make such deductions adjustments as may be required by law in respect of any Zakat, income or other taxes, charges or assessments whatsoever and issue to the Holder the certificate in respect of such deductions which deduction in the prescribed form or in a form approved or acquired by the concerned authorities. 11.2.5 16.2.7 Where Units are placed under pledge/lien the payment of dividend will be made in accordance with Clause 29 36 of this Trust Deed. 11.2.6 The Management Company may also distribute an amount, through cash dividend, bonus, combination of both or in any other form acceptable to the Commission, monthly, quarterly or interim dividend of the Fund to the Chief Executive Officer, provided that all other provisions of the NBFC Rules, NBFC & NE Regulations and Constitutive Documents of the Fund are complied with. However, the declaration of final dividend shall only be made by and with the approval of the Board of Directors.

Distribution of Profits. 11.2.1 For each profit distribution, the Management Company shall instruct the Trustee to transfer such amount of cash as required to reflect such distribution to the Distribution AccountAccount or to issue Bank Draft/Order/Instruments/online transfer for the payment of such profit. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deed. 11.2.2 After fixation of the rate of distribution per unit, distribution payments instruments shall be sent through the registered post or reliable courier service to the registered address of such Holder, or in the case of joint Holders to the registered address of the joint Holder, first named on the Register. Every such payment instruments shall be made payable to the order of person to whom it is delivered or sent and payment of the instruments (if purporting to be duly endorsed or subscribed) shall be in satisfaction of the moneys payable. When an authority in that behalf shall have been received in such form as the Management Company shall consider sufficient, it shall transfer to the Holders’ designated bank account or in case of joint Holder, to designated bank account of the joint Holder, first named in the Register. The receipt of funds by such designated bankers shall be a good discharge of Trustee’s and the Management Company’s responsibilities. 11.2.3 The After the fixing of the rate of bonus distribution per Unit, in case of distribution in the form of Bonus Units, the Management Company may offer shall, under intimation to the Holder Trustee, issue additional Units issued in the option to receive new units or fractions thereof under cumulative investment instead name of dividend payment, the Unit Holders as per the terms and condition bonus ratio. The Bonus Units shall rank pari passu as to their rights in Net Assets, earning and the procedure laid down in receipts of the Offering Document. 11.2.4 Before making any payment in respect of a Unitdividends and distributions, with the Trustee or the Management Company may make such deductions as may be required by law in respect of any Zakat, income or other taxes, charges or assessments whatsoever and issue to the Holder the certificate in respect of such deductions in the prescribed form or in a form approved or acquired by the concerned authorities. 11.2.5 Where existing Units are placed under pledge/lien the payment of dividend will be made in accordance with Clause 29 of this Deed. 11.2.6 The Management Company may also distribute an amount, through cash dividend, bonus, combination of both or in any other form acceptable to the Commission, monthly, quarterly or interim dividend of the Fund to from the Chief Executive Officer, provided that all other provisions date of the NBFC Rules, NBFC & NE Regulations and Constitutive Documents issue of the Fund are complied with. However, the declaration of final dividend shall only be made by and with the approval of the Board of Directorsthese Units.

Distribution of Profits. 11.2.1 For 1After each profit distributionRelevant Date, the Management Company shall instruct the Trustee to issue payment instrument for distribution or transfer such amount of cash as required to reflect such distribution to the Distribution Account. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein providedOn each Relevant Date, the Management Company shall instruct the Trustee to transfer such amount of cash as required to reflect such distribution to the Distribution Account. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deed.provided. 1 11.2.2 After fixation of the rate of distribution per unit, distribution payments instruments shall be made by cheque or warrant by the Trustee and sent through the registered post or reliable courier service to the registered address of such Holder, or in the case of joint Holders to the registered address of the joint Holder, first named on the Register. Every such payment instruments cheque or warrant shall be made payable to the order of person to whom it is delivered or sent and payment of the instruments cheque or warrant (if purporting to be duly endorsed or subscribed) shall be in satisfaction of the moneys payable. When an authority in that behalf shall have been received in such form as the Management Company shall consider sufficient, it shall transfer to the Holders’ designated bank account or in case of joint Holder, to designated bank account of the joint Holder, first named in the Register. The receipt of funds by such designated bankers shall be a good discharge of Trustee’s and the Management Company’s responsibilities. 11.2.3 The Management Company may offer the Holder the option to receive new units or fractions thereof under cumulative investment instead of dividend payment, as per the terms and condition and the procedure laid down in the Offering Document. 11.2.4 Before making any payment in respect of a Unitunit, the Trustee or the Management Company may make such deductions adjustments as may be required by law in respect of any Zakatzakat, income or other taxes, charges or assessments whatsoever and issue to the Holder the certificate in respect of such deductions which deduction in the prescribed form or in a form approved or acquired by the concerned authorities. 11.2.5 Where Units are placed under pledge/lien the payment of dividend will be made in accordance with Clause 29 30 of this Deed. 11.2.6 The Management Company may also distribute an amount, through cash dividend, bonus, combination of both or in any other form acceptable to the Commission, monthly, quarterly and/or for an interim periods. The Board of Directors of the Management Company may delegate the powers for declaring monthly, quarterly or interim dividend of the Fund to the Chief Executive Officer, provided that all other provisions of the NBFC Rules, NBFC & NE Regulations and Constitutive Documents of the Fund are complied with. However, the declaration of final dividend shall only be made by and with the approval of the Board of Directors.Directors.2

Distribution of Profits. 11.2.1 For 15.2.1 On each profit distributionAccounting Date or interim distribution date, the Management Company shall instruct the Trustee to transfer to the Distribution Account such amount of cash as required to reflect such effect cash distribution of income to the Distribution AccountUnit Holders. The amount standing to the credit of the Distribution Account shall not for any purposes of this Trust Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deedprovided. 11.2.2 15.2.2 After fixation of the rate of distribution per unitUnit, distribution payments instruments shall be made by direct bank transfer or cheque or warrant by the Trustee and sent through the registered post or reliable courier service to the registered address of such Holder, or in the case of joint Holders to the registered address of the joint Holder, first named on the Register. Every such payment instruments cheque or warrant shall be made payable to the order of person to whom it is delivered or sent and payment of the instruments cheque or warrant (if purporting to be duly endorsed or subscribed) shall be in satisfaction of the moneys payable. When an authority in that behalf shall have been received in such form as the Management Company shall consider sufficient, it shall transfer to the Holders’ designated bank account or in case of joint Holder, to designated bank account of the joint Holder, first named in the Register. The receipt of funds by such designated bankers shall be a good discharge of Trustee’s and the Management Company’s responsibilitiestherefore. 11.2.3 15.2.3 The Management Company may also issue bonus Units in lieu of cash dividend on the pertinent Classes or Types of Units, which will be mentioned in the Offering Document. The Management Company may offer the Holder the option to receive new units Units or fractions thereof under cumulative investment instead of dividend payment, as per the terms and condition and the procedure laid down in the Offering Document. 11.2.4 Before making any payment in respect of a Unit, the Trustee or the Management Company may make such deductions as may be required by law in respect of any Zakat, income or other taxes, charges or assessments whatsoever and issue to the Holder the certificate in respect of such deductions in the prescribed form or in a form approved or acquired by the concerned authorities. 11.2.5 Where Units are placed under pledge/lien the payment of dividend will be made in accordance with Clause 29 of this Deed. 11.2.6 15.2.4 The Management Company may also distribute an amount, through cash dividend, bonus, combination offer the Unit Holder the option to encash bonus Units as may be entitled against distribution in form of both or in any other form acceptable bonus Units. The Unit Holders shall be entitled to change such option under the Commission, monthly, quarterly or interim dividend signatures of the Fund to Unit Holder and in case of joint Holders, under the Chief Executive Officer, provided that signatures of all other provisions of the NBFC Rules, NBFC & NE Regulations and Constitutive Documents of the Fund are complied with. However, the declaration of final dividend shall only be made by and with the approval of the Board of Directorsjoint Holders.

Distribution of Profits. 11.2.1 For After each profit distributionRelevant Date, the Management Company shall instruct the Trustee to issue payment instrument for distribution or transfer such amount of cash as required to reflect such distribution to the Distribution Account. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein providedOn each Relevant Date, the Management Company shall instruct the Trustee to transfer such amount of cash as required to reflect such distribution to the Distribution Account. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deed.provided. 1 11.2.2 After fixation of the rate of distribution per unit, distribution payments instruments shall be made by cheque or warrant by the Trustee and sent through the registered post or reliable courier service to the registered address of such Holder, or in the case of joint Holders to the registered address of the joint Holder, first named on the Register. Every such payment instruments cheque or warrant shall be made payable to the order of person to whom it is delivered or sent and payment of the instruments cheque or warrant (if purporting to be duly endorsed or subscribed) shall be in satisfaction of the moneys payable. When an authority in that behalf shall have been received in such form as the Management Company shall consider sufficient, it shall transfer to the Holders’ designated bank account or in case of joint Holder, to designated bank account of the joint Holder, first named in the Register. The receipt of funds by such designated bankers shall be a good discharge of Trustee’s and the Management Company’s responsibilities. 11.2.3 The Management Company may offer the Holder the option to receive new units or fractions thereof under cumulative investment instead of dividend payment, as per the terms and condition and the procedure laid down in the Offering Document. 11.2.4 Before making any payment in respect of a Unitunit, the Trustee or the Management Company may make such deductions adjustments as may be required by law in respect of any Zakatzakat, income or other taxes, charges or assessments whatsoever and issue to the Holder the certificate in respect of such deductions which deduction in the prescribed form or in a form approved or acquired by the concerned authorities. 11.2.5 Where Units are placed under pledge/lien the payment of dividend will be made in accordance with Clause 29 30 of this Deed. 11.2.6 The Management Company may also distribute an amount, through cash dividend, bonus, combination of both or in any other form acceptable to the Commission, monthly, quarterly and/or for an interim periods. The Board of Directors of the Management Company may delegate the powers for declaring monthly, quarterly or interim dividend of the Fund to the Chief Executive Officer, provided that all other provisions of the NBFC Rules, NBFC & NE Regulations and Constitutive Documents of the Fund are complied with. However, the declaration of final dividend shall only be made by and with the approval of the Board of Directors.Directors.2