Trust Distributions Sample Clauses
POPULAR SAMPLE Copied 1 times
Trust Distributions. The Trustee and the Servicer shall cause the Trust Distributions to be made on the date hereof in the same manner under the Trust Agreement as if such distributions were being made on a Distribution Date and the B Note were owned on such Distribution Date by SunAmerica.
Trust Distributions. Immediately prior to consummation of any other action hereunder, the following actions shall occur:
Trust Distributions. 00 per Trust distribution, which includes preparation and mailing of IRS Form 1099-R. Distributions include all payments to Participants and Beneficiaries, and payments to the Administrator or the Administrator's designee. Unless otherwise paid by the Company, Trust distribution fees will be deducted from the Trust distribution proceeds. This fee is waived if the Participant elects a direct rollover of 100% of his/her vested account balance into an ▇▇▇ invested solely in the ▇▇▇▇▇▇ mutual funds.
Trust Distributions. The Trustees may distribute some, all, or none of the Net Income, accumulated Net Income, or Principal of the Trust to the beneficiaries as the Trustees shall decide in their sole discretion and as described in this section 4. No distribution is ever required under this section 4. The distribution of Trust assets in any one year shall have no bearing on whether a distribution of Trust assets is made in any other year.
Trust Distributions. 2.1. As of the date hereof, the Beneficiaries(ies) is(are) . [Insert any other provisions from client’s existing documents regarding identity of beneficiaries in the future].
2.2. During the term of any Policy Loan, the Trustee shall accumulate all of the net income of the Trust with respect to any asset of the Trust in its possession, if any, and add it to the principal of the Trust. At any time when there is no Policy Loan outstanding, [Insert other dispositive provisions, if any]. Notwithstanding anything in this Trust Agreement to the contrary, when referring to any power, right or duty of the Trustee, references to “net income,” “income,” or “principal” of the Trust shall only mean net income, income or principal of the Trust with respect to any asset of the Trust in the Trustee’s possession.
2.3. Upon the Grantor’s death, the Trustee shall first pay all outstanding debts and obligations of the Trust, including the Policy Loan, in full from trust property in its possession and thereafter distribute any remaining trust property, together with any property received from the Independent Professional Trustee pursuant to Sections 6.4 or 10.1(b) hereof to [insert dispositive provisions].
Trust Distributions. This fee is waived.
Trust Distributions. The Trustee may make payment of money or other delivery of property out of either the income or principal of the Trust in furtherance of the Charitable Purposes (each, a “Distribution”). The Trustee shall not be limited in any way with regard to Distributions of the principal of the Trust. The Trustee may consider recommendations and information received from a Project Director to determine the amount, timing, or character of a Distribution related to a Project.
Trust Distributions