Common use of Distribution of Profits Clause in Contracts

Distribution of Profits. 11.2.1 For each profit distribution, the Management Company shall instruct the Trustee to transfer such amount of cash as required to reflect such distribution to the Distribution Account or to issue Bank Draft/Order/Instruments/online transfer for the payment of such profit. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deed.

Appears in 3 contracts

Samples: www.nbpfunds.com, www.nbpfunds.com, www.nbpfunds.com

AutoNDA by SimpleDocs

Distribution of Profits. 11.2.1 For On each profit distributionProfit Distribution Date, the Management Company shall instruct the Trustee to transfer such amount of cash as required to reflect such distribution to the Distribution Account or to issue Bank Draft/Order/Instruments/online transfer for the payment of such profitAccount. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deed.

Appears in 1 contract

Samples: www.nbpfunds.com

Distribution of Profits. 11.2.1 For each profit distribution, the Management Company shall instruct the Trustee to transfer such amount of cash as required to reflect such distribution to the Distribution Account or to issue Bank Draft/Order/Instruments/online transfer for the payment of such profitAccount. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deed.

Appears in 1 contract

Samples: www.nbpfunds.com

AutoNDA by SimpleDocs

Distribution of Profits. 11.2.1 For 1On each profit distributionRelevant Date, the Management Company shall instruct the Trustee to transfer such amount of cash as required to reflect such distribution to the Distribution Account or to issue Bank Draft/Order/Instruments/online transfer for the payment of such profitAccount. The amount standing to the credit of the Distribution Account shall not for any purposes of this Deed be treated as part of the Trust Property but shall be held by the Trustee upon trust to distribute the same as herein provided subject to clause 5.C.5 of this Deedprovided.

Appears in 1 contract

Samples: www.nbpfunds.com

Time is Money Join Law Insider Premium to draft better contracts faster.