Payments from Income. Any payments directed or permitted to be made to any beneficiary, including an exempt organization, shall first be made from taxable trust income.
Payments from Income Sample Clauses
Related to Payments from Income
Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.
