Income Distribution Period definition

Income Distribution Period in relation to a Trust means each Financial Year of the Trust or any series of periods during the Financial Year of a Trust specified in the Supplementary Terms, provided that the first of such periods in a Financial Year commences on (and includes) the first day of the Financial Year and the last of such periods in a Financial Year ends on (and includes) the last day of the Financial Year.
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Income Distribution Period in relation to a Fund means each Financial Year of the Fund or any series of periods during the Financial Year of a Fund specified in writing by the Manager to the Trustee prior to the first issue of Bonds by the Trustee as trustee of the Fund provided the first of such periods in a Financial Year commences on (and includes) the first day of the Financial Year and the last of such periods in a Financial Year ends on (and includes) the last day of the Financial Year.
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Income Distribution Period means the period beginning on the date of commencement of the Scheme and ending on the first Income Distribution Date and thereafter, the period which begins on the day after the preceding Income Distribution Date to the next occurring Income Distribution Date except that the last Income Distribution Period is the period commencing on the day after the preceding Income Distribution Date and ending on the date of final distribution on winding up of the Scheme.
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Examples of Income Distribution Period in a sentence

  • Any payment of Mudaraba Profit shall be made from the profits generated by the Mudaraba Capital in relation to the applicable Mudaraba Contract and the Mudarib shall make profit distributions in relation to a Restricted Mudaraba Contract on each Mudaraba Income Distribution Date in respect of the applicable Mudaraba Income Distribution Period.

  • Furthermore, Unit prices fall after the end of the Income Distribution Period to reflect the distribution entitlements.

  • Units issued in respect of such application are to be issued at an Issue Price determined immediately after the end of the relevant Income Distribution Period but calculated as if the Acquisition Expenses are nil.

  • Interim distributions are generally paid directly to each Unitholder’s bank account within 10 Business Days after the Income Distribution Date for the Income Distribution Period.

  • The Responsible Entity shall pay or apply to or for the Members on the Register at the close of business on the Income Distribution Date for an Income Distribution Period the amount of their respective entitlements to Distributable Income pursuant to clause15.4 (excluding any amounts previously distributed by way of Interim Distributions or otherwise in respect of the Income Distribution Period) within2 months after the Income Distribution Date for the Income Distribution Period.

  • In this event, the Responsible Entity will be treated as having received and accepted an application to reinvest distributions immediately before the last Valuation Time before the end of the relevant Income Distribution Period.

  • In this event, the Responsible Entity will be treated as having received andaccepted an application to reinvest distributions immediately before the last Valuation Time before the end of the relevant Income Distribution Period.

  • This translates into being able to use the same secure, efficient and innovative payment means domestically, abroad and across borders.

  • The Responsible Entity may make any provisions or reserves of amounts that the Responsible Entity determines proper for the purposes of the Scheme and, if the Responsible Entity so determines, an item of income received or receivable in an Income Distribution Period may be treated as having been received in the next Income Distribution Period.

  • Distributions are generally paid directly to each Unitholder’s nominated bank account (which has been provided as part of the application process or later instructed to the Responsible Entity), within 10 Business Days after the Income Distribution Date for the Income Distribution Period.


More Definitions of Income Distribution Period

Income Distribution Period means the period between one Income Distribution Calculation Date and the immediately succeeding Income Distribution Calculation Date, provided that the first income distribution period will commence on the Commencement Date and end on the First Income Distribution Calculation Date;
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Related to Income Distribution Period

  • Income Distribution shall be calculated as set forth in subparagraph (A), below, unless the Prospectus provides for the averaging of income distributions, in which case, "Income Distribution" shall be shall be calculated as set forth in subparagraph (B), below. Accordingly, the Unitholder's "Income Distribution" shall be equal to:

  • Distribution Period means, for any Distribution Date, the period from and including the Distribution Date immediately preceding such Distribution Date (or, in the case of the first Distribution Date, from and including the Closing Date) to but excluding such Distribution Date.

  • Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Final Distribution Date The Distribution Date on which the final distribution in respect of the Certificates is made pursuant to Section 9.01.

  • Capital Account Distribution Date and "Income Account Distribution Date" shall mean the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.