Income interest definition

Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

Income interest means the right of a current income beneficiary to receive all or part of net income, whether the terms of the trust require the net income to be distributed or authorize the net income to be distributed in the fiduciary's discretion. The term includes the right of a current beneficiary to use property held by a fiduciary.

Income interest means any interest paid between the Start Date and the Maturity Date as detailed in the relevant Addendum.

Examples of Income interest in a sentence

• Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

• Income interest is recognized on a time proportion basis using the effective interest rate.

• Income, interest, proceeds of sale, materials, redemptions, and all other receipts from securities and other investments which the Board retains for the cash working balance shall be deposited as authorized by the Board.

• The Financial Reporting Standards applicable to Cooperatives in the Philippines recognized the Unearned Interest Income, interest already earned but not yet received, must be presented as a contra asset account to conform with IAS 39, 46.

• Income, interest and capital gains (if any) received on investments made by the ICAV may be subject to withholding taxes imposed by the country from which the investment income/gains are received and such taxes may not be recoverable by the ICAV or its Shareholders.

More Definitions of Income interest

Income interest means the right of an income beneficiary to receive all or part of net income,

Income interest means the right of an income beneficiary to

Income interest means the right of a current income

Income interest means the right of a current an

Income interest means the revenue generated out of or in relation to the Project during the Project period. means all interest which accrues or shall accrue to the Designated Bank Account. Intellectual Property Rights/IPRs means patents, trademarks, service marks, trade names, design rights, copyright, domain names, database rights, rights in know-how, new inventions, designs or processes and other intellectual property rights (of whatever nature and wheresoever arising, whether now known or hereafter created) and in each case whether registered or unregistered and including applications for the grant of any such rights.

Income interest means the right of an income

Income interest has the meaning set forth in the Recitals.