Application of Income. The Rents, payments, proceeds and income collected by Lender may be applied as follows, in whatever order Lender in its discretion may determine:
Application of Income. The Management Company may either distribute the earnings generated by a Sub-Fund and/or a Class among the investors of such Sub-Fund and/or Class or reinvest said earnings in the relevant Sub-Fund and/or Class. Whether the relevant Sub-Fund or Class is a distributing or a reinvesting (accumulation) Sub-Fund or Class is set out in the respective Annex A. Further details in respect of reinvesting (accumulating) Sub-Funds / Classes and distributing Sub-Funds / Classes are set out in the Prospectus under the section headed “Application of Income” and Annex A.
Application of Income. The Classes of Units in each Sub-Fund may either distribute or reinvest the proportion of the Sub-Fund’s earnings to which these Classes are entitled. By convention, Class A is usually a distributing Class, while other Classes are usually reinvesting Classes. Whether the relevant Class is a distributing or a reinvesting Class is set out in the respective Annex A. With respect to the distributing Classes, the Management Company may, at such times as it thinks fit, declare such dividends as appear to the Management Company to be justified by the profits in respect of such Classes being all or some portion of the net income and/or all or some portion of the net realized gains, subject to that no more than 10% of the net income of the Class can be carried forward on an annual basis. Additionally, the Management Company may, at such times as it thinks fit and in accordance with the requirements of the FMA, also declare such dividends on any distributing Class out of the capital of the relevant Sub-Fund to which such Class is entitled. Further information specific to distributing Classes is disclosed in Annex A. No interest will be paid on declared distributions after their due date.
Application of Income. Beneficiary shall, after payment of all proper charges and expenses, including reasonable compensation to any managing agent as it shall select and employ, and after the accumulation of a reserve to meet taxes, assessments and insurance as herein required in requisite amounts, credit the net amount of income received by it from the Trust Property by virtue of this absolute assignment to any amounts due and owing to it by Trustor under the terms hereof, but the manner of the application of such net income and what items shall be credited shall be determined pursuant to the Subordinated Loan Agreement, or otherwise in the sole discretion of Beneficiary. Without impairing its rights hereunder, Beneficiary may, at its option, at any time and from time to time, release to Trustor Rents, Issues and Profits received by Beneficiary, or any portion of such Rents, Issues and Profits. Beneficiary shall not be liable for its failure to collect, or its failure to exercise diligence in the collection of Rents, Issues and Profits, but shall be accountable only for Rents, Issues and Profits that Beneficiary shall actually receive.
Application of Income. The success of a UCITS results from the net income and the realised gains. The management company can distribute the profits from a UCITS or share class to the investors of this UCITS or share class, or reinvest it in the respective UCITS or share class.
Application of Income. The success of a UCITS results from the net income and the realised gains. The management company can distribute the profits from a UCITS or share class to the investors of this UCITS or share class, or reinvest it in the respective UCITS or share class. Reinvested: The earned income of the OGAW and/or share class, which show an income application of type “THES” according to Appendix A, will be continuously reinvested. Realized capital gains from the disposal of goods and rights shall be retained by the management company for reinvestment. Distributed: The profits of those UCITS or share classes which, in accordance with Appendix A "Funds at a glance", show profits utilisation of the ''distributing' type, are distributed annually. If distributions are made, this shall occur within 4 months after the close of the financial year. Up to 10% of the net income of the UCITS or share class can be brought forward to a new account. Distributions shall be paid out on the shares issued on the distribution date. From the time of their maturity, no interest shall be paid on declared distributions. Realized capital gains from the disposal of goods and rights shall be retained by the management company for reinvestment.
Application of Income. 50 Section 5.01
Application of Income. Paragraph 5 of the Agreement is hereby amended by adding the following subparagraph at the end of such Paragraph:
Application of Income. Assignee shall, after payment of all proper charges and expenses, including reasonable compensation to any managing agent as it shall select and employ, and after the accumulation of a reserve to meet taxes, assessments and insurance as herein required or under the Indenture or the other Transaction Documents in requisite amounts, credit the net amount of income received by it from the Property by virtue of this absolute assignment to any amounts due and owing to it by Assignor under the terms hereof, but the manner of the application of said net income and what items shall be credited shall be determined pursuant to the Indenture, or otherwise in the sole discretion of Assignee. Without impairing its rights hereunder, Assignee may, at its option, at any time and from time to time, release to Assignor Rents, Issues and Profits received by Assignee, or any portion of such Rents, Issues and Profits. Assignee shall not be liable for its failure to collect, or its failure to exercise diligence in the collection of Rents, Issues and Profits, but shall be accountable only for Rents, Issues and Profits that Assignee shall actually receive. Assignee shall not be accountable for more monies than it actually receives from the Property nor shall it be liable for failure to collect Rents, Issues and Profits.
Application of Income. The Seller shall hold for the benefit of, and in trust for, Administrative Agent for the benefit of Buyers all Income, including without limitation all Income received by or on behalf of the Seller with respect to Purchased Mortgage Loans. All such Income held in trust for Administrative Agent for the benefit of Buyers, shall constitute the property of Administrative Agent for the benefit of Buyers and shall not be commingled with other property of the Seller or any Affiliate of the Seller except as expressly permitted below. So long as no Event of Default has occurred and is continuing (during the continuance of which Event of Default, all Income shall be placed in the Settlement Account pursuant to Sections 5.4 and 5.5), with respect to each Payment Date, the Seller shall remit all Income as follows:
