Income and Loss Allocations. After giving effect to the special allocations set forth in subparagraph (b) of this Section 2.10 and for purposes of maintaining Capital Accounts under Section 5.6, gross income items of the Trust for any Accrual Period as determined for Federal income tax purposes shall be allocated as follows:
Appears in 9 contracts
Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)
Income and Loss Allocations. After giving effect to the special --------------------------- allocations set forth in subparagraph (b) of this Section 2.10 and for purposes of maintaining Capital Accounts under Section 5.6, gross income items of the Trust for any Accrual Period as determined for Federal income tax purposes shall be allocated as follows:
Appears in 3 contracts
Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)
Income and Loss Allocations. After giving effect to the special allocations set forth in subparagraph (b) of this Section 2.10 and for purposes of maintaining Capital Accounts under Section 5.65.06, gross income items of the Trust for any Accrual Interest Period as determined for Federal income tax purposes shall be allocated as follows:
Appears in 1 contract
Samples: Trust Agreement (First Union Student Loan Trust 1997-1)
