Common use of Receipts, provisioning and categories Clause in Contracts

Receipts, provisioning and categories. (a) The Trustee must receive and collect all income of the Trust. (b) The Trustee may determine whether any item is income or capital of the Trust. (c) The Trustee may maintain any reserves or provisions the Trustee considers appropriate. (d) The Trustee may apportion or keep separate accounts of the different categories and sources of income that relate to different types of investments of the Trust, and the costs, charges and expenses attributable to each of those types of income.

Appears in 4 contracts

Samples: Reference User Funding Agreement (Rufa), Trust Deed, Trust Deed

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