Income Entitlement definition

Income Entitlement means the amount calculated in respect of a Participant pursuant to Clause 7.7.2.
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Income Entitlement means an entitlement to the Distributable Income of a Member or Former Member in respect of a Unit calculated in accordance with clause 15. For the removal of doubt, the Income Entitlement of a Former Member in relation to an Income Distribution Period is as calculated in accordance with clause 8.16.
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Income Entitlement means an entitlement to the Distributable Income of a Unit Holder or Former Unit Holder in respect of a Unit calculated in accordance with clause 6 of this Schedule 2.
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Examples of Income Entitlement in a sentence

  • Each of the U.K. Company and the ANZ Australian Affiliate, by its acceptance of any Income Entitlements, agrees that it will look solely to such cash to the extent it is legally available for the payment to it of each Income Entitlement as herein provided and that neither the Distribution Trustees nor the Administrators are personally liable to it for any amount paid or payable in respect of the Income Entitlements or for any other liability in respect of the Income Entitlements.

  • The Income Entitlement determined in respect of a Participant must as soon as practicable after its determination be credited to that Participant’s Participants Account.

  • If the date fixed for any payment of any Income Entitlement is not a Business Day, then such payment need not be made on such date but may be made on the next succeeding day that is a Business Day with the same force and effect as if made on the date on which such payment was originally payable and no interest or other payments shall accrue on such unpaid amount for the period after such date.

  • The Trustee must on each Distribution Date, determine the Income Entitlement of each Participant in respect of the relevant Income Entitlement Period.

  • Nikko, as beneficiary of the trust constituted by the sub-declaration of trust (the Sub-Trust) is on the Closing Date, inter alia, expected to consent to the amendment and restatement of the Receivables Trust, the entry into the Deed of Assignment of the Second Beneficiary’s Income Entitlement and the Deed of Accession and the termination of the Sub-Declaration of Trust and the Sub-Trust.

  • This amount is referred to as the Withdrawal Unit Income Entitlement.

  • On the date of the Initial Capital Contribution, a facility fee payable to the Distribution Trust pursuant to the Loan Agreement shall be paid to the U.K. Company as an Income Entitlement to the extent such facility fee is received by the Property Trustee, on behalf of the Distribution Trust.

  • On the basis that the Units are held as trading stock, a taxable profit or deductible loss will effectively arise equal to the Redemption Price less the cost (or opening tax value) of the Units.On the basis that the Units constitute trading stock, any Withdrawal Unit Income Entitlement or (in the case of SPDR Listed Property) Withdrawal Unit Distribution Entitlement in respect of those Units should be treated as a normal receipt of income in the hands of the Unitholder.

  • The aggregate of the Redemption Price for a Fund and Withdrawal Unit Income Entitlement for a Fund, and Withdrawal Unit Distribution Entitlement in the case of SPDR Listed Property, in respect of a Unit is referred to as the Withdrawal Amount for a Unit in a Fund.

  • In addition, for SPDR Listed Property, because the Withdrawal Unit Distribution Entitlement generally comprises amounts representing taxable income of SPDR Listed Property and corpus of SPDR Listed Property, the relevant proportion of corpus and taxable income cannot be determined until after the financial year end.The Withdrawal Unit Income Entitlement, and with respect to SPDR Listed Property, the Withdrawal Unit Distribution Entitlement are explained further below.


More Definitions of Income Entitlement

Income Entitlement means the amount calculated pursuant to Clause 1.12.2. “Independent Director” means a person who is not:
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Income Entitlement means the entitlement to Income determined under clause 9.5 or paragraph 3.4 of Schedule 4.'• in respect of the Vanguard LifeStrategy Balanced Fund, the reference to 'clause 8.12(a)' in clause 8.11(b) will be deleted and replaced with a reference to 'clause 8.11(a)'.Annexure C – Summary of ASIC Reliefs ASIC has granted the following modifications and exemptions in relation to the operation of the Corporations Act to facilitate the Proposal:
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Income Entitlement means an entitlement to the Distributable Income of a Member or Former Member in respect of a Unit calculated in accordance with clause 6 of this Schedule 1.
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Related to Income Entitlement

  • M2M Entitlement means a Non-Monitoring RTO’s share of a M2M Flowgate’s total capability to be used for settlement purposes that is calculated pursuant to Section 6 of Schedule D to this Agreement.

  • Security Entitlement shall have the meaning specified in Section 8-102(a)(17) of the UCC.

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Entitlements means, with respect to any Offering, the license and use types, limits, volume, or other measurement or conditions of permitted use for such Offering as set forth in the applicable Order or Supplemental Terms, including but not limited to any limits or restrictions on the number and categories of users authorized to use such Offering, permitted geographic areas, available storage space, computing power, or other attributes and metrics.

  • Entitlement means the entitlement specified as such in the definition of the relevant Series, subject to any adjustment in accordance with Product Condition 4;

  • Per Certificate Entitlement means the per Certificate entitlement to the underlying Precious Metal specified in the Final Terms (the "Initial Per Certificate Entitlement") which is thereafter reduced by the Reduction Percentage.

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Full Entitlement ADR(s) “Full Entitlement ADS(s)” and “Full Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Partial Entitlement ADR(s) “Partial Entitlement ADS(s)” and “Partial Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Partial Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Income Account Record Date means the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • 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.

  • Entitlement Holder shall have the meaning specified in Section 8-102 of the UCC.

  • Gross Income from Operations means, during any period, all sustainable income as reported on the financial statements delivered by Borrower in accordance with this Agreement, computed in accordance with GAAP, derived from the ownership and operation of the Property from whatever source during such period, including (i) Rents from Tenants that are in occupancy, open for business and paying full contractual rent without right of offset or credit, (ii) utility charges, (iii) escalations, (iv) forfeited security deposits, (v) interest on credit accounts, (vi) service fees or charges, (vii) license fees, (viii) parking fees, (ix) rent concessions or credits, (x) income from vending machines, (xi) business interruption or other loss of income or rental insurance proceeds, (xii) other required pass-throughs and (xiii) interest on Reserve Funds, if any, but excluding (i) Rents from month-to-month Tenants, Tenants during a free-rent period, or Tenants that are included in any Bankruptcy Action, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income or rental insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds, if any. Gross income shall not be diminished as a result of the Security Instrument or the creation of any intervening estate or interest in the Property or any part thereof.

  • Earnings Account means, in relation to a Ship, an account in the name of the Owner owning that Ship with the Agent in Hamburg designated “[name of relevant Owner]—Earnings Account” or any other account (with that or another office of the Agent) which replaces such account and is designated by the Agent as that Earnings Account for the purposes of this Agreement and, in the plural, means all of them;

  • 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);

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Collateral Management Fee The fee payable to the Collateral Manager in arrears on each Payment Date pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 hereof, comprised of (x) the Base Management Fee and (y) the Subordinated Management Fee.

  • uncertificated share means a share of a class which is at the relevant time a participating class, title to which is recorded on the register as being held in uncertificated form and references in these articles to a share being held in uncertificated form shall be construed accordingly;

  • Expense Account The account established and maintained pursuant to Section 3.25.

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.