DISTRIBUTION OF INCOME AND PRINCIPAL Sample Clauses

DISTRIBUTION OF INCOME AND PRINCIPAL. In providing for the establishment of this trust for the benefit of [Name of Beneficiary], I am aware of the special circumstances and disabilities affecting [Name of Beneficiary] which may cause or will cause him/her to be eligible for various local, state and federal benefits and entitlements, as well as possible assistance provided by various private agencies and organizations. The primary purpose of this trust is to assure that [name of Beneficiary] achieves his/her maximum potential and leads as full, independent and normal a life as possible. To that end, it is my wish that the Trustee view themselves not only as trustee in the traditional sense, but also as protector, guardian and advocate for [Name of Beneficiary]. Correspondingly, the trustee shall expend the income and the principal of the trust in ways that best further these goals, and in accordance with the provisions set forth in the following Articles.
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DISTRIBUTION OF INCOME AND PRINCIPAL. By investing in the Fund, the Church acknowledges that income will be distributed to the Church in accordance with the policies of the Fund and subject to any additional instruction supplied to the Foundation by the Church in regard to the Church’s invested assets. Requests to change the method of income disbursement from the Fund shall be communicated to the Foundation in writing, in a form acceptable to the Foundation, along with two signatory authorizations as designated in Schedule “A”, attached hereto. The Church is responsible for ensuring that appropriate administrative body approvals are received for such a request in accordance with the Church’s own guidelines and the Book of Discipline. The Church may withdraw part or all of its pro rata share of the Fund, provided that this request is communicated in writing, in a form acceptable to the Foundation, along with two signatory authorizations. The Church is responsible for ensuring that appropriate administrative body approvals are received for such a request in accordance with the Church’s own guidelines and the Book of Discipline. The Church acknowledges that the authorized signatories designated in Schedule “A”, attached hereto, have the right to issue a directive on behalf of the church in regard to withdrawing any portion of the Church’s pro rata share of the Fund. Any and all assets received by the Church from the Church’s pro rata share of the Fund shall be used by the Church for such purposes as are consistent with any and all policies established by the Church in regard to these assets. It is the responsibility of the Church to ensure that any policies established for the aforementioned use of any and all assets from the Fund are consistent with any restrictions placed upon donations to the Fund by any and all donors. The Foundation shall have no obligation or liability whatsoever with regard to the use of distributed assets by the Church, and the Church hereby indemnifies, releases and holds the Foundation harmless from and against any and all such liability.
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DISTRIBUTION OF INCOME AND PRINCIPAL. By investing in the Fund, the Agency acknowledges that income will be distributed to the Agency in accordance with the policies of the Fund and subject to any additional instruction supplied to the Foundation by the Agency in regard to the Agency’s invested assets. Requests to change the method of income disbursement from the Fund shall be communicated to the Foundation in writing, in a form acceptable to the Foundation, along with two signatory authorizations as designated in Schedule “A”, attached hereto. The Agency is responsible for ensuring that appropriate administrative body approvals are received for such a request in accordance with the Agency’s own guidelines. The Agency may withdraw part or all of its pro rata share of the Fund, provided that this request is communicated in writing, in a form acceptable to the Foundation, along with two signatory authorizations. The Agency is responsible for ensuring that appropriate administrative body approvals are received for such a request in accordance with the Agency’s own guidelines. The Agency acknowledges that the authorized signatories designated in Schedule “A”, attached hereto, have the right to issue a directive on behalf of the Agency in regard to withdrawing any portion of the Agency’s pro rata share of the Fund. Any and all assets received by the Agency from the Agency’s pro rata share of the Fund shall be used by the Agency for such purposes as are consistent with any and all policies established by the Agency in regard to these assets. It is the responsibility of the Agency to ensure that any policies established for the aforementioned use of any and all assets from the Fund are consistent with any restrictions placed upon donations to the Fund by any and all donors. The Foundation shall have no obligation or liability whatsoever with regard to the use of distributed assets by the Agency, and the Agency hereby indemnifies, releases and holds Foundation harmless from and against any and all such liability.
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DISTRIBUTION OF INCOME AND PRINCIPAL. A. So long as Beneficiary is under the age of twenty-one (21), Trustee shall pay to or apply for the benefit of Beneficiary, as much of the net income and principal of the Trust as Trustee, in Trustee's discretion, deems necessary for the proper health, support, maintenance, and education of Beneficiary, after taking into consideration, to the extent Trustee deems advisable, any other income or resources of Beneficiary known to Trustee. Any net income not distributed shall be accumulated and added to the principal.
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DISTRIBUTION OF INCOME AND PRINCIPAL. (a) INCOME DISTRIBUTIONS: The net income of the Trust shall be paid to or applied for the benefit of the Grantor during Grantor’s lifetime, in convenient installments, at least quarterly. Net income shall be strictly defined as interest income, dividends and rent.
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DISTRIBUTION OF INCOME AND PRINCIPAL. The Trustees shall hold, manage, invest and re-invest the trust estate, shall collect the income thereof and shall pay over the net income to the Grantor, or shall apply the same for his benefit, in convenient installments or accumulate the same, during his lifetime. In addition, the Trustee is directed to pay over to out of the principal of the trust in each successive calendar year commencing with the current calendar year, such additional sums from principal as he may request.
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DISTRIBUTION OF INCOME AND PRINCIPAL. During the joint lifetimes of the Trustors, the Trustee shall pay to a Trustor, or shall apply for his or her benefit, the entire net income of that Trustor’s separate estate, quarter- annually or in more frequent installments. At the written request of the Trustor who transferred the separate estate to the trust, the Trustee shall pay to that Trustor so much of the principal of his or her separate estate as the Trustor shall request.
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DISTRIBUTION OF INCOME AND PRINCIPAL. The Trustee may distribute any part or all of the income and principal of the trust to us or for our benefit at any time or times in the Trustee's sole and absolute discretion; provided, however, on February 1st of each calendar year (or, if February 1st is not a business day, then on the first business day after February 1st), if both or either of us are/is then living, the Trustee shall distribute to us, FREDERICK D. SANXXXXX xxx XXXXXXX X. SANCIXXX, xx xxx xxxxxxxr, the then balance of the trust estate other than a nominal amount which shall be held so as to maintain a custodial/brokerage account under this Agreement. Prior to distribution on February 1st, any income not so paid shall be added to principal. We shall not have the right to direct the form or type of assets that must be distributed to us.
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DISTRIBUTION OF INCOME AND PRINCIPAL 
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Related to DISTRIBUTION OF INCOME AND PRINCIPAL

  • Payments of Principal If an Early Amortization Period has not begun, on the Expected Final Payment Date, or on each Payment Date for an Early Amortization Period, and if the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will withdraw an amount up to the aggregate Note Balance of Series 20 - from the Series 20 - Principal Funding Account for payment in the following order of priority: (i) to the Noteholders of [the][each Class of] Class A Notes, [pro rata based on the principal amount of each Class of Class A Notes,] until the Note Balance of [the][each Class of] Class A Notes is reduced to zero, (ii) to the Noteholders of Class B Notes, until the Note Balance of the Class B Notes is reduced to zero, (iii) to the Noteholders of the Class C Notes, until the Note Balance of the Class C Notes is reduced to zero and (iv) to the Noteholders of the Class D Notes, until the Note Balance of the Class D Notes is reduced to zero.

  • Payments of Interest and Principal (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020-2) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020-2) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020-2) Notes shall be made as set forth in Section 1102 of the Indenture.

  • Application of Insufficient Payments If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties.

  • Designation and Principal Amount There is hereby authorized and established a series of Securities under the Indenture, designated as the “4.500% Senior Notes due 2022,” which is not limited in aggregate principal amount. The aggregate principal amount of the Notes to be issued as of the date hereof shall be $350,000,000.

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