Trust Fiscal Year definition

Trust Fiscal Year means the period commencing on March 1 of any year and ending on February 28 (or February 29, if applicable) of the following year.
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Trust Fiscal Year means the annual period ending at 12:01 AM on January 1st within which the Coverage Period begins.
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Trust Fiscal Year means the trust’s fiscal year, as in effect from time to time. On the date of this Agreement, the Trust Fiscal Year is the calendar year.
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Examples of Trust Fiscal Year in a sentence

  • The term “Threshold Amount” for purposes of applying the limitations of Paragraph 2.2A on the amount of grants that may be made during a Trust Fiscal Year, means an amount that the Board of Trustees determines from time to time in its discretion, should be the minimum trust corpus value that should remain after grants for a Trust Fiscal Year have been made, in order to reasonably ensure that this trust will meet its objectives and goals in the future.

  • Grants shall not be made during a Trust Fiscal Year to the extent that the value of the trust corpus on the last business day of the preceding Trust Fiscal Year, (i) reduced by the total unpaid balance on that last business day of any previously made grants and (ii) further reduced by the total grants made during the current Trust Fiscal Year, would be less than the Threshold Amount.

  • On the date of this Agreement, the Trust Fiscal Year is the calendar year.

  • The Board of Trustees shall be required to give bond in an amount not less than one hundred and ten (110%) percent of the corpus of the trust as determined on the last day of the most recently completed Trust Fiscal Year.

  • For purposes of applying the above limitations, a grant is considered made during the Trust Fiscal Year in which it is approved by the Board of Trustees (even if the grant is wholly or partially paid during a later Trust Fiscal Year).

  • Total grants made during a Trust Fiscal Year may not exceed five percent (5%) of the Average Trust Value.

  • The term “Average Trust Value” for purpose of applying the limitations of Paragraphs 2.2A and B on the amount of grants and loans that may be made during a Trust Fiscal Year, means the average value of the trust corpus during a consecutive calendar month period, determined as follows: The Board of Trustees shall determine the length (number of months) of the consecutive calendar month period and the months in which it shall begin and end.

Related to Trust Fiscal Year

  • Fiscal Year means the fiscal year of the Company.

  • School fiscal year means a fiscal year that commences July 1 and continues through June 30.

  • Current Fiscal Year means the fiscal year for which a particular calculation is made.

  • State Fiscal Year means the period beginning September 1 and ending August 31 each year, which is the annual accounting period for the State of Texas.

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Federal Fiscal Year means the period beginning October 1 and ending September 30 each year, which is the annual accounting period for the United States government.

  • Fiscal Period means the period commencing on the Closing Date, and thereafter each period commencing on the day immediately following the last day of the immediately preceding Fiscal Period, and ending in each case at the close of business on the first to occur of the following dates:

  • Fiscal Month means each calendar month.

  • Current state fiscal year means the state fiscal year for which a particular calculation is made.

  • Accounting Period means a period ending on and including an accounting date and commencing (in case of the first such period) on the date on which the Trust Property is first paid or transferred to the Trustee and (in any other case) from the next day of the preceding accounting period.

  • Fiscal Quarter means a fiscal quarter of any Fiscal Year.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Financial Year means a year commencing on and including the 1st day of July;