Common use of INCOME OF THE TRUST Clause in Contracts

INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net income of the Trust shall be allocated not less frequently than monthly among the Trust Beneficiaries' separate accounts in accordance with Section 7(b) hereof. 7.

Appears in 3 contracts

Samples: Trust Agreement (Cleveland Cliffs Inc), Trust Agreement (Cleveland Cliffs Inc), Trust Agreement (Cleveland Cliffs Inc)

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INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net income of the Trust shall be allocated not less frequently than monthly among the Trust Beneficiaries' separate accounts in accordance with Section 7(b) hereof. 7.

Appears in 2 contracts

Samples: Trust Agreement (Cleveland Cliffs Inc), Trust Agreement (Cleveland Cliffs Inc)

INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net income of the Trust shall be allocated not less frequently than monthly among the Trust Beneficiaries' separate accounts in accordance with Section 7(b) hereof. 7.

Appears in 2 contracts

Samples: Trust Agreement (Cliffs Natural Resources Inc.), Trust Agreement (Cliffs Natural Resources Inc.)

INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net income of the Trust shall be allocated not less frequently than monthly among the Trust Beneficiaries' Directors’ separate accounts in accordance with Section 7(b) hereof. 7.

Appears in 1 contract

Samples: Trust Agreement (Cliffs Natural Resources Inc.)

INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net income of the Trust shall be allocated not less frequently than monthly among the Trust BeneficiariesParticipants' separate accounts in accordance with Section 7(b) hereof. 7.

Appears in 1 contract

Samples: Employment Agreement (Cleveland Cliffs Inc)

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INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net income of the Trust shall be allocated not less frequently than monthly among the Trust Beneficiaries' Participants’ separate accounts in accordance with Section 7(b) hereof. 7.

Appears in 1 contract

Samples: Trust Agreement (Cliffs Natural Resources Inc.)

INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net income of the Trust shall be allocated not less frequently than monthly 112 among the Trust Beneficiaries' separate accounts in accordance with Section 7(b) hereof. 7.

Appears in 1 contract

Samples: Employment Agreement (Cleveland Cliffs Inc)

INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net income of the Trust shall be allocated not less frequently than monthly among the Trust BeneficiariesDirectors' separate accounts in accordance with Section 7(b) hereof. 7.

Appears in 1 contract

Samples: Trust Agreement (Cleveland Cliffs Inc)

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