Trust Income. During the term of this Trust, except to the extent explicitly provided otherwise in this Trust Agreement, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested.
Trust Income. All payments of interest, dividends and other income in respect to the Assets in the Supplemental Trust Account shall be promptly deposited into the Supplemental Trust Account.
Trust Income. All Trust income shall be accumulated and added to principal.
Trust Income. The Trustee shall pay to the Company the whole of the income of the Trust Fund in accordance with the Regulations.
Trust Income. Refers to the income obtained by the trustee from the management, use and disposal of the trust property.
Trust Income. Unless otherwise qualified, as used in this Agreement the term “trust income” shall refer to distributable net income which includes the sum of all items of ordinary income, dividends and recognized capital gains and tax-exempt income, less all deductions (except for the deduction for distributions), losses, credits and exemptions allowable to reduce the total of taxable trust income; when used to refer to a distribution of “trust income” to charity, the term shall mean fiduciary accounting income for trust accounting purposes, as required by §642(c) of the Code for charitable contribution deduction purposes.
Trust Income. 18.1 All trust income received or accrued by the trustees on behalf of the unit holders shall accrue to and vest immediately in the unit holders in the unit holders’ participation ratio.
18.2 The trustees shall distribute all the trust income received by the trust on behalf of the unit holders in accordance with the unit holders’ participation ratio as soon as possible after it is received by the trust.
Trust Income. 3.1 The Trustees may retain income in a segregated income fund.
3.2 Subject to Clause 3.1 and the Overriding Powers below, the Trustees shall accumulate the remainder of the income as an addition to the capital of the Trust Fund.
3.3 Any sums held in a segregated income fund pursuant to Clause 3.1:
3.3.1 shall be treated as income whilst held in such fund;
3.3.2 may be accumulated as an addition to the capital of the Trust Fund at any time; and
3.3.3 may be retained as income or distributed as income pursuant to any of the Overriding Powers.
Trust Income. 6.4.1 For purposes hereof:
6.4.1.1 Trust Income forming part of the Trust Fund includes any and all amounts of cash and/or other assets received and receivable in any particular Year from the Company, from the SIOC Community Development SPV or from any other source whatsoever, together with any interest received or accrued thereon; and
6.4.1.2 the net income of the Trust Fund in any particular Year comprises the income of the Trust Fund that remains after paying or charging or providing for all Authorised Expenses (but excluding expenses (if any) relating to Permitted Investments, which expenses must be met from the amount approved for making Permitted Investments) and other Trust Liabilities in respect of that Year.
Trust Income. All of the expenditures of Trust income shall be consistent with the terms of the Will, which provide that Trust income is to be used for the operation and maintenance of and improvements and additions to the Property.
