Distribution of Income. (1) Net income from any invention or discovery that is licensed to a third party will be shared by the University and the inventor(s). Forty percent (40%) of the net income will belong to the inventor(s) or the heirs and legatees of the inventor(s). The remaining sixty percent (60%) of the net income will belong to the University and will be distributed accordingly: Inventor(s) research account 10% Inventor(s) college 5% Inventor(s) department 5% Office of Research/CSURC 40%
Distribution of Income. The Trustee shall hold, manage, invest and reinvest the Trust Estate and shall collect the income therefrom in accordance with the terms of this Declaration. The Trustee shall not distribute any of the income or proceeds of the Trust Estate to the Beneficiary other than as provided in Section 2 of this Article I hereof. The Additional Properties Trustee shall hold, manage, invest and reinvest the Additional Properties Trust Estate, and shall collect the income therefrom in accordance with the terms of this Declaration. The Additional Properties Trustee shall not distribute any of the income or proceeds of the Additional Properties Trust Estate to the Beneficiary other than as provided in Section 2 of this Article I hereof.
Distribution of Income. The Trustees shall distribute Income and Capital from the Resource Compensation Fund pursuant to the terms of Article 11 of the Indenture, and to section 8.4 of this Article, provided that Capital and Income to be distributed from a particular Account or Reserve Account shall only be available to those persons who are, from time to time, appropriate Eligible Beneficiaries or appropriate Eligible Compensation Beneficiaries.
Distribution of Income. The Trustee shall distribute the net income of the Trust, if any, to the Settlor at such times and in such amounts as the Settlor directs in writing.
Distribution of Income. 10.1 On each Relevent Accounting Date the Management Company shall instruct the Trustee to transfer such amount of cash as required to effect such distribution to the Distribution Account. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Fund Property but shall be held by the Trustee upon trust to distribute the same as herein provided.
Distribution of Income. 16.1 All Dividends received by the Trust in respect of the Trust Shares held on behalf of Beneficiaries attributable to their Participation Units shall immediately vest in the Beneficiary concerned. The Dividends shall however be retained and held in Trust by the Trustees on the Beneficiary’s behalf, and thereafter such Dividends accumulated on the Beneficiary’s behalf shall be paid by the Trustees to the Beneficiary less any relevant taxes applicable (including any dividend withholding tax that may have been payable), either upon the Beneficiary’s termination of employment, if such Beneficiary ceases to remain in the employ of Harmony prior to the expiry of the Lock-in Period, or upon the expiry of the Lock-in Period. Any dividends accumulated on the Beneficiaries’ behalf in terms of this clause 16.1 shall not accrue any interest and shall be held by the Trust in an appropriate bank account/facility for such purpose. For the purposes of determining a Beneficiary’s liability for dividend withholding tax imposed in terms of section 64E of the Income Tax Act, 58 of 1962 (as amended), the Trustees shall notify the relevant regulated intermediary that the Beneficiary concerned is the beneficial owner of the dividend and the Trustees shall ensure that all the appropriate documentation required for dividend withholding tax purposes has been obtained.
Distribution of Income. Borrower shall cause each Subsidiary to promptly distribute (in cash) 100% of all Management Fees to Borrower when received by such Subsidiary. Such distribution shall be promptly paid or distributed directly to a deposit account or securities account of Borrower with respect to which the Collateral Agent has “control” within the meaning of Section 9-104 or Section 8-106, as applicable, of the applicable Uniform Commercial Code (subject to the requirements of the Collateral Documents).
Distribution of Income. Subject to the order of priority provided by applicable laws, New Ruipeng Group’s assets available for distribution to shareholders (“Distributable Liquidation Properties”) shall be distributed in accordance with the following plan and order:
Distribution of Income. To the extent there are funds available for distribution, we shall deduct authorized payments, expenses and fees from gross rental income received and remit the net proceeds to you. Such funds shall be disbursed to the mailing address you provide or deposited bank account by the 15th of each month. Bank account #: Additional disbursements you authorize are as follows:
Distribution of Income. During the life of the Current Beneficiary, the Trustee, in her sole discretion, shall distribute such portions or all of the net income of the trust estate to the Current Beneficiary as Trustee shall from time to time determine to be of for the comfortable maintenance, welfare and support of the Current Beneficiary, provided that, absent unusual circumstances, the maximum amount distributable in any year prior to the date the Current Beneficiary attains age twenty-five (25) should not exceed Fifty Thousand Dollars ($50,000.00).
