Current Income Clause Samples
Current Income. Subject to Sections 4.03(c) and 5.04 herein, the Company shall distribute Current Income for each Investment in each month during the term of the Company within ten (10) days after the end of each such month to the Members:
(i) During the existence of a Default in respect of such Investment, or if such Investment was acquired by the Company or a Subsidiary with Debt Purchase Capital (subject to the terms of Section 5.10), in proportion to their Percentage Interests in respect of such Investment; provided, however, that once such Default is cured and provided there exists no Major Uncured Breach or another Default in respect of such Investment, then distributions pursuant to this Section 4.03(a) and, to the extent necessary, Section 4.03(b), shall be adjusted among Investor and Ashford so that distributions in respect of such Investment equal the amounts that would have distributed if no Default had existed; and
(ii) If no Default exists in respect of such Investment, in proportion to their respective Current Yield Percentages.
Current Income. List all income you received during the past 12 months, its source, the basis for its computation, and the total amount received from each. Attach your last three paycheck stubs.
Current Income. If spousal support and/or child support is going to be an issue in this process, we must have the following: ▪ A current wage statement from your employer, reflecting earnings and deductions for the last three months; ▪ If not indicated on your current wage statement, document the existence and cost of any medical insurance covering you and your spouse.
Current Income. (a) Income received by the economic unit during the month (30 days) prior to the date the application for WIC benefits is made.
(b) If the income assessment is being done prospectively (i.e., the sole support of that economic unit has just been laid off but has been authorized to receive unemployment benefits for the next six months), “current” refers to income that will be available to the economic unit in the next 30 days.
(c) Unemployed persons (including laid-off workers) must have income eligibility determined by their current rate of income.
Current Income