Common use of Exclusion of apportionment Clause in Contracts

Exclusion of apportionment. Except where the context otherwise requires all (if any) statutory and equitable rules of apportionment shall not apply to this settlement and the Trustees shall be permitted to treat all dividends and other payments in the nature of income received by them as income at the date of receipt irrespective of the period for which the dividend or other income is payable

Exclusion of apportionment. Except where the context otherwise requires all (if any) The statutory and equitable rules of apportionment shall not apply to this settlement Deed and the Trustees Trustee shall be permitted to treat all dividends and other income payments in the nature of income received by them it (and which would otherwise be apportionable) as income at the date of receipt irrespective of the period for which the dividend or other income is payable