Common use of The Income Account Clause in Contracts

The Income Account. All payments of interest, dividends and other income in respect to Assets in the Trust Account shall be the property of the Grantor and shall be deposited by the Trustee subject to deduction of the Trustee’s compensation and expenses as provided in Section 9 of this Agreement, in a separate account (the “Income Account”) established and maintained by the Grantor at an office of the Trustee. The Grantor may withdraw amounts from the Income Account at any time and from time to time.

Appears in 6 contracts

Samples: Trust Agreement (Genworth Financial Inc), Trust Agreement (Genworth Financial Inc), Trust Agreement (Genworth Financial Inc)

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The Income Account. All payments of interest, dividends and other income in respect to Assets in the Trust Account shall be the property of the Grantor and shall be deposited by the Trustee subject to deduction of the Trustee’s compensation and expenses as provided in Section 9 of this Agreement, Agreement in a separate account (the “Income Account”) established and maintained by the Grantor at an office of the Trustee. The Grantor may withdraw amounts from the Income Account at any time and from time to time.

Appears in 1 contract

Samples: Trust Agreement (Genworth Financial Inc)

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