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 EUR Income Account, the GBP Income Account and the USD Income 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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Examples of Income Accounts in a sentence

  • In the event of a termination, the Trustee shall proceed to liquidate the Securities then held and make the payments and distributions provided for hereinafter in this Section 9.02 based on such Unitholder's pro rata interest in the balance of the Capital and Income Accounts after the deductions herein provided.

  • In the event of any termination of the Trust prior to the Mandatory Termination Date, the Trustee shall proceed to liquidate the Securities then held and make the payments and distributions provided for hereinafter in this Section 9.02, except that in such event, the distribution to each Unitholder shall be made in cash and shall be such Unitholder's pro rata interest in the balance of the Capital and Income Accounts after the deductions herein provided.

  • Our minimum account size for accounts other than Managed Account Program accounts generally is $500 million for Money Market/Liquidity Accounts, $100 million for Active Cash Fixed Income Accounts and $25 million for all other strategies.

  • For Fixed Term Guaranteed Income Accounts with a RCV between 0 and 99, the administration fee is based on the reducing initial investment.

  • Furthermore the JA aims to create the guidelines for health workforce planning and forecasting issues and to work towards better monitoring of the HWF by access to timely data, focusing on mobility and migration in the EU and Europe, towards better knowledge and calculations methods for predicting health workforce needs, and towards higher impact of HWF planning and forecasting on policy decision making.

  • Our minimum account size for accounts other than Managed Account Program accounts generally is $500 million for Money Market/Liquidity Accounts, $100 million for Active Cash Fixed Income Accounts, $50 million for Short- Intermediate Duration Fixed Income Accounts, $10 million for Small Cap Accounts, and $25 million for all other strategies.

  • For example, Challenger Life is required to hold enough capital to withstand a1 in 200-year shock event.Even so, unforeseen and/or extreme circumstances that might impact on the ability of Challenger Life to make payments to the Trustee can never be completely ruled out.The Trustee does not provide any guarantee in respect of Guaranteed Income Accounts.

  • This Product Disclosure Statement includes important information about legalsuper and the Guaranteed Income Accounts available to members.

  • For Fixed Term Guaranteed Income Accounts with a RCV of 100, the administration fee is based on the initial investment amount.

  • If you choose to be paid annually, the first payment will be made on the first anniversary of the start of the account.Annual payments are not available for one year Fixed Term Guaranteed Income Accounts.


More Definitions of Income Accounts

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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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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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).

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • 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, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • 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 means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Last Accounts means the Accounts of the Target Companies in respect of the financial period ended on the Last Accounts Date;

  • 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.