Common use of Principal and Income Clause in Contracts

Principal and Income. All questions relating to the ascertainment of incomeand principal and the allocation of receipts and disbursements between income and principal shall be resolved by the Trustee in accordance with the terms of the Act.

Principal and Income. All questions relating to the ascertainment of incomeand income and principal and the allocation of receipts and disbursements between income and principal shall be resolved by the Trustee in accordance with the terms of the Act.