INCOME OF THE TRUST. 6.1 During the continuance of this Trust, all net income of the Trust shall be retained in the Trust.
INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net income of the Trust shall be allocated not less frequently than monthly among the Trust Beneficiaries' separate accounts in accordance with Section 7(b) hereof. 7.
INCOME OF THE TRUST. Income of the Trust shall be used for the things approved by the Trustees consistent with the purposes of this Indenture as set forth in Article 3.3 and shall comprise part of the Funds Available for distribution as provided in Article 11.4.
INCOME OF THE TRUST. The governing instrument must require that any in- come of the trust be distributed to the term holder not less frequently than annually.
INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net income (or loss) of the Trust shall be allocated quarterly among the Trust Beneficiaries’ separate accounts in accordance with Section 7(b) hereof. Net income (or loss) of the Trust shall be determined by taking into account (i) receipt of interest and dividends, (ii) any increase or decrease in the value of the Trust assets attributable to market appreciation or depreciation and (iii) any increase in the cash surrender value of any life insurance policy held in the Trust other than the portion of such increase attributable to the payment of the premiums due thereon.
INCOME OF THE TRUST. Except as provided in Section 3 hereof, during the continuance of this Trust all net
INCOME OF THE TRUST. VI.1 Except as provided in Articles III and IV, during the continuance of this Trust, all net income of the Trust shall be retained in the Trust.
INCOME OF THE TRUST. (a) During the term of this Trust, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested.
INCOME OF THE TRUST. A proportion of the net taxable income (if any) of the Trust created for each Series may be included in the assessable income of the relevant Investors on 30 June each year. Whether or not the Trust will have net taxable income in a year of income will be dependent on whether the Hedge Security Deed is enforced by the Security Trustee. Each Investor’s proportion of the net taxable income (if any) of the Trust will be determined by the number of Units held by the Investor in a particular Series. Should the Hedge Security Deed be enforced by the Trustee it is recommended that Investors should seek independent taxation advice.
INCOME OF THE TRUST. 19.1 The Trustees in their discretion may apply the whole of the income by -
