Income Accounts definition

Income Accounts. An individual income account shall be maintained for each Partner. At the close of each Partnership taxable year, or at more frequent intervals, each Partner's share of the net profits or net losses of the Partnership shall be credited or debited to, and that Partner's distributions received during each fiscal year shall be deducted from, that Partner's income account and any resulting balance or deficit shall be transferred to or charged against that Partner's capital account.
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Income Accounts means the bank accounts of the Obligors, being, as at the date of this Agreement, in respect of:
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Income Accounts means the bank accounts of the Obligors opened and maintained with the Facility Agent, being, as at the date of this Agreement, in respect of:
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Examples of Income Accounts in a sentence

  • Client Signature StateTrust Capital, LLC Client Signature By Date Date Annex I CLIENTS FEES SCHEDULE Managed Equity Accounts 2.40% Managed Fixed Income Accounts 1.00% Mutual Fund Accounts Advised 1.50% Note: The following minimum fees will apply: for Managed Equity Accounts US$ 600, for Managed Fixed Income Accounts US$ 250, for Mutual Fund Accounts Advised US$ 375.

  • The amount of the Initial Income Accounts of the initial Members are set forth in Exhibit A.

  • Corresponding debits shall be made to the HF and CIP Income Accounts as necessary.


More Definitions of Income Accounts

Income Accounts means the EUR Income Account, the GBP Income Account and the USD Income Account;
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Income Accounts. The partners will establish and maintain a separate income account for each partner. Any profits and losses of the partnership will be determined by the partners and will be divided equally among the partners. The Partners will distribute profits on every 2nd of each month. PARTNERSHIP POWER: The partners may participate in other business ventures and/or engage in the partnership of another business except as limited by the state laws of Georgia. The partners may sell or encumber real estate owned by the partnership and incur debt, disburse funds, or obligate the partnership if the debt, disbursement, or other responsibility is desired by the Partner. The partners may sell or encumber real estate owned by the partnership and incur debt, disburse funds, or obligate the partnership if the debt, disbursement, or other responsibility is desired by the Partner. PLACE OF BUSINESS: The principal location of the partnership shall be [cite fillable portion which client provided to this prompt].
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Related to Income Accounts

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Separate Accounts means the accounts which are to be prepared for each

  • Other Accounts means all of the accounts and funds, other than the Sub-Advised Assets, managed by the Sub-Adviser for or on behalf of Northern Trust Investments, Inc. and/or its affiliates that have a substantially similar investment strategy for which the Sub-Adviser is being engaged pursuant to this Agreement.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Investment Account As defined in Section 3.12(a).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • Collection Accounts As defined in Section 3.10(a).

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;