Payments to Beneficiary. (a) (Distributable Income absolutely vested) The Beneficiary of a Trust shall as at the end of each Financial Year of that Trust have an absolute vested interest in the Distributable Income of that Trust for that Financial Year.
Appears in 9 contracts
Samples: Master Trust (Crusade Management LTD), Master Trust (Crusade Management LTD), Memorandum of Agreement (Westpac Securitisation Management Pty LTD)
