Secured Income definition

Secured Income means income that is derived from pensions, dividends from investments, interest from bank accounts and any other form of income that is not based on the applicant’s employment income or any donations from children or family; these are considered to be a form of unsteady income. In the case of bank deposits, or investments, only the income derived from such investment is accounted for as “secured income”, and not the amount invested or deposited.
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Examples of Secured Income in a sentence

  • If to the Combined Company or Merger Sub, to: Terra Secured Income Fund 5, LLC Attention: G▇▇▇▇▇▇ ▇▇▇▇▇▇ 8▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ with a copy to: J▇▇ ▇.

  • Thereafter, those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to “Priority Senior Secured Income Fund, Inc.” Any Dealer receiving a check not conforming to the instructions set forth in the Escrow Agreement or as set forth above, as applicable, shall return such check directly to such subscriber not later than the end of the next business day following its receipt.

  • Until the minimum offering of $3,000,000 in Shares has been sold, payments for Shares shall be made by checks payable to “UMB Bank, N.A., as Escrow Agent for Terra Secured Income Trust, Inc.” During such time, Participating Broker-Dealer shall forward original checks together with an original Subscription Agreement, executed and initialed by the subscriber as provided for in the Subscription Agreement, to UMB Bank, N.A. (the “Escrow Agent”) at the address provided in the Subscription Agreement.

  • Tuscan Gardens Secured Income Fund Manager LLC shall be the Manager of the Fund.

  • The rights and obligations of the Parent under this Agreement shall terminate on the earlier of (1) the date that the Parent is dissolved or (2) upon the expulsion, insolvency, or 759639-4-9044-v1.1 3 80-40597507 other cessation to exist of each of TSIF 5 and Terra Secured Income Fund 7, LLC, the managing members of the Parent.

  • In such case, the Dealer will collect the proceeds of the subscribers’ checks and issue a check for the aggregate amount of the subscription proceeds made payable to the order of the escrow agent, or if instructed by the Dealer Manager as provided above, made payable to “Priority Senior Secured Income Fund, Inc.” Checks of rejected subscribers will be promptly returned to such subscribers.

  • Until the minimum offering of $3,000,000 in Shares has been sold, payments for Shares shall be made by checks payable to “UMB Bank, N.A., as Escrow Agent for Terra Secured Income Trust, Inc.” During such time, a Participating Broker-Dealer shall forward original checks together with an original Subscription Agreement, executed and initialed by the subscriber as provided for in the Subscription Agreement, to UMB Bank, N.A. (the “Escrow Agent”) at the address provided in the Subscription Agreement.

  • Thereafter, those persons who purchase Shares will be instructed by the Dealer Manager or the Dealer to make their checks payable to “Priority Senior Secured Income Fund, Inc.” The Dealer Manager and any Dealer receiving a check not conforming to the instructions set forth in the Escrow Agreement or as set forth above, as applicable, shall return such check directly to such subscriber not later than noon Eastern Time of the next business day following its receipt.

  • Telephone: Email: If to Terra JV: c/o Terra Fund Advisors, LLC c/o Terra Secured Income Fund 5, LLC c/o Terra Secured Income Fund 7, LLC ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: ▇▇▇ ▇▇▇▇▇ Telephone: Email: with a copy (which shall not constitute Notice) to: ▇▇▇▇▇▇▇▇ Chance US LLP ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇ ▇.

  • Docket 1 - NONE LISTED - ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ Pro Se Secured Income Group, Inc.