Income Distribution. 1. The Principal agrees to have any income earned on the entrusted capital and any dividends paid from foreign securities processed according to product terms and conditions and policies of the fund manager and the Mandatory.
2. The Principal agrees that all capital gains and interest earned on securities invested using the entrusted capital are attributable to the Principal; meanwhile, all associated risks, losses, expenses and tax burdens shall also be borne by the Principal.
3. Apart from fees collected under this agreement, the Mandatory will not share any income or loss associated with the entrusted capital.
4. With regards to subscription or holding of U.S.-listed ETF, shares and depository receipts, the U.S. tax law requires non-U.S. persons to pay a 30% tax on income sourced from the United States, such as cash dividends. The Mandatory will authorize its counterparty to collect the 30% tax on dividend at the source. This taxation rule may differ depending on the details of transaction or market conditions.
Income Distribution. 11.1 For Joint Ownership Intellectual Property the Parties agree to share equally all income received from licensing and commercialization of the Intellectual Property or any other technology that might result from the present and future collaboration on the Joint Project. In the event gross royalties do not cover the accrued legal costs expended by any Party with respect to jointly developed Intellectual Property, no Party shall be held responsible for reimbursing the other Party (Parties).
Income Distribution. 5.1 Both parties agree to settle the actual revenue generated through the display or clicks on the promoted content by media clients according to Xxxxx’s policies. Unless otherwise specified in this contract, each party shall bear the expenses incurred for the collaboration, such as development costs, themselves. The settlement method for promotional revenue in the Baidu Integrated Screen promotion service collaboration is as follows:
Income Distribution. Capitalised terms in this paragraph (g) have the same meaning given in the Series Notice unless otherwise defined in these Conditions.
(i) On each Payment Date, the Issuer shall, prior to the enforcement of the Security Trust Deed (in accordance with the written direction provided to it by the Trust Manager on or before the date which is 4 Business Days before that Payment Date), out of the Income for the Collection Period immediately before the Payment Date (and out of the proceeds of disposal of any Liquid Authorised Investments and/or out of Mortgage Principal Repayments as provided for in Condition 4(g)(v)) make the following payments or retain moneys in the following order of priority.
(A) FIRST - an amount equal to any Interest Adjustment required to be paid to an Approved Seller and then outstanding (and the Issuer acknowledges and agrees that it has no entitlement to the moneys comprising the Interest Adjustment).
(B) SECOND - payment of any Taxes payable in relation to the Trust (not including any GST covered in Conditions 4(g)(vii) and 4(g)(viii)).
(C) THIRD - subject to the above sub-paragraph (B) and Condition 4(g)(iii), payment (in the following order of priority) of:
(1) pari passu and rateably as between themselves, payments of:
(I) the Trustee's Fee for the Collection Period (as adjusted in accordance with Condition 4(g)(viii)); and
(II) any fees payable to the Note Trustee under the Transaction Documents for the Collection Period;
(2) pari passu and rateably as between themselves, payments of: -------------------------------------------------------------------------------- Page 74 Note Trust Xxxx Xxxxxx Xxxxxx Xxxxxxxx --------------------------------------------------------------------------------
(I) any fees payable, pari passu and rateably, to the Paying Agents under the Transaction Documents for the Collection Period;
(II) any fees payable to the Calculation Agent under the Transaction Documents for the Collection Period; and
(III) any fees payable to the Note Registrar under the Transaction Documents for the Collection Period;
(3) the Expenses (other than the Trustee's Fee, any fees payable to the Note Trustee, the Paying Agents, the Calculation Agent or the Note Registrar, the Trust Manager's Fee and the Servicer's Fee) in relation to the Collection Period;
(4) the Expenses (other than the Trustee's Fee, any fees payable to the Note Trustee, the Paying Agents, the Calculation Agent or the Note Registrar, the Trust Manager's Fee and ...
Income Distribution. On each Monthly Payment Date, and based on the calculations, instructions and directions provided to it by the Manager, the Issuer must pay or apply, or cause to be paid or applied, out of Total Available Funds, in relation to the Monthly Collection Period (defined below) ending immediately before that Monthly Payment Date, the amounts specified in clause 5.1(a) of the Supplementary Terms Notice in the order of priority specified in that clause. The Issuer shall only make a payment under any of the sub-paragraphs of clause 5.1(a) or clause 5.1(c) of the Supplementary Terms Notice if it is directed in writing by the Manager to do so and only to the extent that any Total Available Funds remain from which to make the payment after amounts with priority to that payment have been distributed. The Issuer is required to make payments of interest to the Class A-1 Notes on each Quarterly Payment Date (as defined below) as more fully described in the Supplementary Terms Notice. Capitalised terms in this paragraph (g) have the same meaning given in the Supplementary Terms Notice unless otherwise defined in this document.
Income Distribution. Other than amounts that should be acquired by the Agent alone, unless otherwise provided in this Agreement, the principal repayment, interest, guarantee, fee, delay interest, breach penalty, compensation, commitment fee, all costs and other amounts received by the Agent in accordance with this Agreement shall be forwarded to each relevant Syndicated Bank in accordance with the Credit Risk Sharing Ratio at the time of receipt. Each Syndicated Bank shall issue a receipt for the amount actually received respectively to the Borrower or other relevant persons within 5 Business Days (except principal repayment). The above amounts received by the Agent shall be distributed to each Syndicated Bank in accordance with the following:
(1) If the Agent receives the amounts before 12 p.m. (inclusive) Taipei Time on a Business Day, the distribution shall be made to the other Syndicated Banks on the same Business Day.
(2) If the Agent receives the amounts after 12 p.m. (inclusive) Taipei Time on a Business Day, the distribution shall be made to the other Syndicated Banks on the following Business Day. However, if there is a dispute about any of the amounts received by the Agent, the Agent may forward the amounts to each Syndicated Bank after a longer processing period based on its reasonable judgment. In handling all matters related to the distribution of income of this Credit Facility, the Agent shall make distributions in accordance with applicable provisions of this Agreement. However, if the actual calculation does not allow distribution in exactly the same proportions, the Agent may do so based on its reasonable judgment and no Syndicated Bank shall voice any objection.
Income Distribution. The distributable funds obtained by the Partnership shall be distributed below:
(1) to all the Limited Partners until they recover their respective Actual Capital Contributions;
(2) to all the General Partners until they recover their Actual Capital Contributions;
(3) among the General Partner Shouchuang Huaxia, the Limited Partner Shouchuang Wealth Gengyin and the Limited Partner Beijing Xxxxxx Company on 20:5:75.
Income Distribution. On each Quarterly Payment Date, and based on the calculations, instructions and directions provided to it by the Manager, the Issuer must pay or cause to be paid out of Total Available Funds, in relation to the Quarterly Collection Period (defined below) ending immediately before that Quarterly Payment Date, the amounts specified in clause 5.1(c) of the Supplementary Terms Notice in the order of priority specified in that clause. The Issuer shall only make a payment under any of the sub-paragraphs of clause 5.1(c) of the Supplementary Terms Notice if it is directed in writing by the Manager to do so and only to the extent that any Total Available Funds remain from which to make the payment after amounts with priority to that payment have been distributed. The Issuer is also required to make certain payments out of Total Available Funds on each Monthly Payment Date (as defined below) as more fully described in the Supplementary Terms Notice. Capitalised terms in this paragraph (g) have the same meaning given in the Supplementary Terms Notice unless otherwise defined in this document.
Income Distribution. When the CCM members consume in the CCM merchants with a joint consumption card, Party A shall not charge bank card acquiring fee, but service charge only. Party A shall be entitled to obtain 15% of service charge of the CCM merchants as their agents as a merchants-developing service charge; 5% of service charge of the CCM merchants for which Party A doesn’t perform a agent as the capital settlement fee; Party C shall perform the capital liquidation for Party C’s cardholders and other stakeholders in accordance with the liquidation details of Party A. The service charge shall be distributed as following: Items UMS as its agent Others as its agent Bank of Fuxin UMS Arki Fuxin Bank of Fuxin UMS Arki Fuxin Issuing cards at counter of Bank of Fuxin 10% 15% 75% 10% 5% 85% Developing members to transacting cards with the contracted merchants as agents 0% 15% 85% 0% 5% 95%
Income Distribution. 2.1 The Inventors have mutually agreed upon the following percentages for the distribution of income generated from the IP: Inventor Percentage (%) Signature
2.2 The income distribution shall be calculated after deducting all incurred costs related to filing, prosecuting, maintaining, and publishing the IP, as well as any other reasonable expenses directly related to the IP's commercialization.
2.3 The Parties agree that the income will be distributed as follows: - University: 40% - Inventors: 60%
2.4 The income distribution to the Inventors shall be made within six months after the University's receipt of the income.
