Distributable surplus definition

Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.
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Distributable surplus means the profits of the CIS after:
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Distributable surplus means Income less (1) Expenditure; (2) the Retention; and (3) the Wembley Retention;
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Examples of Distributable surplus in a sentence

  • Facilities Services DivisionBudgetActualVariance £’000£’000£’000 Turnover32,75532,643(112)(unfavourable)Expenditure(32,414)(31,699)715Favourable Distributable surplus 341 944 603 Favourable The overall financial performance against budget therefore shows a surplus of £1,818k earned from turnover of £75,430k, against a target surplus of £915k.

  • Distributable surplus retains the discreon to declare bonus units.

  • The rest of the surplus would be called the ‘Distributable Surplus’ The Distributable surplus would be distributed amongst the Participants in a defined manner in relation to the cumulative net Contribution to the IFTPF.


More Definitions of Distributable surplus

Distributable surplus means the Gains that has been realised on a marked to market basis and
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Distributable surplus means those funds to be dispersed by the Board through
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Distributable surplus has the meaning given to it in the Investor Rights Agreement; "Distributions Committee" has the meaning given to it in the Investor Rights Agreement;
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Distributable surplus means the surplus arising, inclusive of the investment profit from the Tabarru’ Fund, after claims payable and reserves. The surplus (if any) is calculated and distributed annually to Master Certificate Holder.
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Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising
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Distributable surplus means the unallocated distributable surplus in theParticipants Risk Fund immediately preceding Effective Time.
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Distributable surplus means those funds to be dispersed by the Board through the PGB
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