Common use of Trustee may accumulate income Clause in Contracts

Trustee may accumulate income. (a) At any time before the end of a Distribution Period, the Trustee may accumulate the Distributable Income for that Distribution Period. (b) The Trustee may at any time resort to the accumulated Distributable Income and distribute all or part of that accumulated Distributable Income as a distribution of Distributable Income. (c) While the Unit Holders Deed is in force, the Trustee must accumulate and distribute Distributable Income to the extent to which (if at all) the Unit Holders Deed requires that accumulation or distribution to occur in the particular circumstances.

Appears in 4 contracts

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

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