Security Type Income Principal Clause Samples
The 'Security Type Income Principal' clause defines how income and principal generated from a security are categorized and treated within an agreement. In practice, this clause specifies whether payments received from a security, such as interest or dividends, are considered income or principal, and how these amounts are to be allocated between parties. This distinction is important for determining the rights and obligations of each party, ensuring that distributions are handled according to the intended financial structure and preventing disputes over the classification of funds.
Security Type Income Principal. Equities Payable Date Municipal Bonds* Payable Date Payable Date Corporate Bonds* Payable Date Payable Date Federal Reserve Bank Book Entry* Payable Date Payable Date PTC GNMA’s (P&I) Payable Date + 1 Payable Date + 1 CMOs * DTC Payable Date + 1 Payable Date + 1 SBA Loan Certificates When Received When Received Unit Investment Trust Certificates* Payable Date Payable Date Certificates of Deposit* Payable Date + 1 Payable Date + 1 Limited Partnerships When Received When Received Foreign Securities When Received When Received *Variable Rate Securities Federal Reserve Bank Book Entry Payable Date Payable Date DTC Payable Date + 1 Payable Date + 1
Security Type Income Principal. Equities Payable Date
Security Type Income Principal. Equities Payable Date Municipal Bonds* Payable Date Payable Date Corporate Bonds* Payable Date Payable Date Federal Reserve Bank Book Entry* Payable Date Payable Date PTC GNMA's (P&I) Payable Date + 1 Payable Date + 1 CMOs * DTC Payable Date + 1 Payable Date + 1 SBA Loan Certificates When Received When Received Unit Investment Trust Certificates* Payable Date Payable Date Certificates of Deposit* Payable Date + 1 Payable Date + 1 Limited Partnerships When Received When Received Foreign Securities When Received When Received *Variable Rate Securities Federal Reserve Bank Book Entry Payable Date Payable Date DTC Payable Date + 1 Payable Date + 1 Type of Action Deadline for Client Instructions to U.S. Bank – Central Time Voluntary offers including: Rights Warrants Election mergers Mandatory puts with option to retain Optional puts Voluntary tenders Consents Exchanges Conversions 24 hours prior to expiration Name of Series Date Added EXHIBIT D to the Custody Agreement - Northern Lights Fund Trust II DOMESTIC CUSTODY SERVICES FEE SCHEDULE at June, 20▇▇ ▇.▇. ▇▇▇▇, ▇.▇., as Custodian, will receive monthly compensation for services according to the terms of the following Schedule: