Common use of Income Account Clause in Contracts

Income Account. Dividends and interest received on investments within the Portfolio will be credited to this account. Balances on the account will be paid away quarterly in accordance with the Client's instructions or, in the absence of such instructions, will be transferred quarterly to the Capital Account as soon as reasonably practicable after the last day of each such quarter being 5th April, 30th June, 5th October and 31st December in each year. Money drawn on behalf of the Client from the account shall not exceed the total of money held in the account on behalf of the Client at that time. Interest will not be paid on monies held in this account.

Appears in 13 contracts

Samples: Investment Management Agreement (Hambro J O & Partners LTD), Investment Management Agreement (Hambro J O & Partners LTD), Investment Management Agreement (Hambro J O & Partners LTD)

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Income Account. Dividends and interest received on investments within the Portfolio will be credited to this account. Balances on the account will be paid away quarterly in accordance with the Client's instructions or, in the absence of such instructions, will be transferred quarterly to the Capital Account as soon as reasonably practicable after the last day of each such quarter being on 5th April, 30th June, 5th October 30th September and 31st December in each year. Money drawn on behalf of the Client from the account shall not exceed the total of money held in the account on behalf of the Client at that time. Interest will not be paid on monies held in this account.

Appears in 1 contract

Samples: Investment Management Agreement (Hambro J O & Partners LTD)

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Income Account. Dividends and interest received on investments within the Portfolio will be credited to this account. Balances on the account will be paid away quarterly in accordance with the Client's instructions or, in the absence of such instructions, will be transferred quarterly to the Capital Account as soon as reasonably practicable after Page 208 of 258 Pages the last day of each such quarter being 5th April, 30th June, 5th October and 31st December in each year. Money drawn on behalf of the Client from the account shall not exceed the total of money held in the account on behalf of the Client at that time. Interest will not be paid on monies held in this account.

Appears in 1 contract

Samples: Investment Management Agreement (Hambro J O & Partners LTD)

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