Common use of Valuation on Distribution Date Clause in Contracts

Valuation on Distribution Date. As at the Valuation Time on the last Valuation Date in each Fiscal Year or such other date as may be determined in accordance with this Trust Agreement (a “Distribution Date”), the Trust shall, in the manner hereinafter provided, determine the amount of the Net Income and the Net Realized Capital Gains of the Trust for the period since the immediately preceding Distribution Date (or in the case of the first Distribution Date, from the inception date of the Trust).