Common use of Allocation and Distribution Clause in Contracts

Allocation and Distribution. Subject to the following provisions of this clause 7 and other terms of this Deed, the Trustee will determine the amount of each Distribution (whether capital or income).

Appears in 1 contract

Sources: Trust Deed and Shareholders' Agreement

Allocation and Distribution. (a) Subject to the following provisions of this clause 7 and other terms of this Deed, the Trustee will determine the amount of each Distribution (whether capital or income). (b) Distributions may be made in cash or by the transfer of an Asset.

Appears in 1 contract

Sources: Trust Deed and Shareholders’ Agreement