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

  • Immediately prior to the redemption of the Unit the Trustee is to distribute to the Unitholder the Accrued Income Entitlement in respect of the Unit.

  • The Accrued Income Entitlement is a reduction to the amount of the Redemption Price payable at that time.

  • Income Entitlement8.6 Each of the Members on the Register at the close of business on the Record Date in respect of a Distribution Period has a vested and indefeasible interest in the Member’s Income Entitlement calculated in accordance with clause 8.8.8.7 The Manager may determine to make an Interim Distribution out of the Distributable Income during or with respect to one or more Interim Distribution Periods in a Distribution Period.

  • Any Withdrawal Unit Income Entitlement will be treated as a normal distribution of the Fund’s income in the hands of the Unitholder.

  • The entitlement of a redeeming Unitholder in a particular Fund to the Withdrawal Unit Income Entitlement (if any) and the Redemption Price in respect of a redeemed Unit in that Fund is satisfied by the payment from the Fund of cash equal to the Withdrawal Amount plus the Coupon Accrual Adjustment less the Transaction Fee.

  • Where a redemption of Units in a Fund is made by a Unitholder, the redeeming Unitholder may be entitled to a Withdrawal Unit Income Entitlement in respect of those Units as well as receipt of the Redemption Price in respect of those Units on redemption.

  • The components of the Withdrawal Amount for a Fund are the aggregate of the Redemption Price for the Fund and the Withdrawal Unit Income Entitlement for the Fund.

  • Provided that where the money standing to the credit from time to time of a Participant’s Participant Account is invested in an Investment Pool, then the Income Entitlement of the Participant will be calculated by the Trustee in accordance with the valuation procedure settled in respect of the Investment Pool.

  • An alternative view may exist whereby the full Withdrawal Amount (i.e. not only the Redemption Price but also the Withdrawal Unit Income Entitlement) could be treated as the proceeds on disposal of the Units in calculating the realised gain or loss.

  • On the basis that the Units constitute trading stock, any Withdrawal Unit Income Entitlement in respect of those Units should be treated as a normal receipt of income in the hands of the Unitholder.


More Definitions of Income Entitlement

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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Income Entitlement means the amount calculated pursuant to Clause 1.12.2. “Independent Director” means a person who is not:
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Related to Income Entitlement

  • Security Entitlement 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;

  • 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 Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Securities Entitlement means the rights and property interests 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.

  • 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 means the person named on the records of a Securities Intermediary as the person having a Securities Entitlement against the Securities Intermediary.

  • 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 Borrower owning that Ship with the Account Bank designated as the Earnings Account for that Ship, or any other account (with the Account Bank or the Agent or with another bank or financial institution acceptable to the Majority Lenders) for the purpose of receiving all charter hire and other amounts paid under the relevant Time Charter;

  • Credit Risk Management Fee The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any and all powers and duties of the Credit Risk Manager under the Credit Risk Management Agreements, which amount shall equal one twelfth of the product of (i) the Credit Risk Management Fee Rate multiplied by (ii) the Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.

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

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

  • Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral 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 pursuant to Section 10.3(c).

  • Direct Account : means any Account which is not an ISA Account.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;