The Income Account. All payments of interest, dividends and other income in respect to Assets in the Trust Account shall be the property of the Grantor and shall be deposited by the Trustee subject to deduction of the Trustee’s compensation and expenses as provided in Section 9 of this Agreement, in a separate account (the “Income Account”) established and maintained by the Grantor at an office of the Trustee. The Grantor may withdraw amounts from the Income Account at any time and from time to time.
The Income Account. All payments of interest, dividends and other income in respect to Assets in the Trust Account shall be posted and credited by the Trustee, subject to deduction of the Trustee's compensation and expenses as provided in Section 8 of this Agreement, in the separate income column of the custody ledger (the "Income Account") within the Trust Account established and maintained by the Grantor at an office of the Trustee in New York City. Any interest, dividend or other income automatically posted and credited on the payment date to the Income Account which is not subsequently received by the Trustee shall be reimbursed by the Grantor to the Trustee and the Trustee may debit the Income Account for this purpose. The interest, dividends and other income shall be paid to the Grantor or credited to an account of the Grantor in accordance with written instructions provided from time to time by the Grantor to the Trustee.
The Income Account. The interest and dividends generated by the Assets in the Trust Account shall be the property of the Grantor, and shall be promptly forwarded to the Grantor upon receipt by the Trustee, paid to the Grantor’s Income Account (as defined herein), or credited to another account of the Grantor in accordance with written instructions provided from time to time by the Grantor to the Trustee. All such payments shall be posted and credited by the Trustee, subject to deduction of the Trustee’s compensation and expenses as provided in Section 8 of this Agreement, if any, in a separate account established in the name of the Grantor (the “Income Account”). This Income Account shall be maintained for the Grantor’s sole benefit at an office of the Trustee in New York City. Any interest or dividend automatically posted and credited on the payment date to the Income Account which is not subsequently received by the Trustee shall be reimbursed by the Grantor to the Trustee and the Trustee may debit the Income Account for this purpose.
The Income Account. All payments of interest and dividends actually received in respect of Assets in the Trust Account shall be deposited by the Trustee, subject to deduction of the Trustee's compensation and expenses as provided in Section 8 of the Agreement, in a separate account (the "Income Account") established and maintained by the Grantor at an office of the Trustee in New York City. The Grantor shall have the right to withdraw funds from the Income Account at any time.
The Income Account. (a) All payments of interest, dividends and other proceeds and income in respect of Assets consisting of financial assets (the “Income”) shall be posted and credited by the Trustee, subject to deduction of the Trustee's compensation and expenses as provided in Section 12(a), in the separate income column of the custody ledger of the Main Trust Account (the “Income Account”) within the Main Trust Account. To the extent the Trustee in its discretion credits any Income to the Main Trust Account before its actual receipt of the same, such crediting shall be provisional and revocable and the Trustee may, upon consent of the Grantor and the Beneficiary, debit the Main Trust Account for this purpose. If there are insufficient funds available in the Main Trust Account to fully reimburse the Trustee, the Grantor, shall upon demand, pay to the Trustee the total amount of any such deficiency.
The Income Account. All payments of interest, dividends and other income in respect of Trust Assets (the “Income”) shall be posted and credited by the Trustee in the separate income column of the custody ledger (the “Income Account”) within the Trust Account established and maintained by the Grantor at any office of the Trustee in the United States. Any Income automatically posted and credited on the payment date to the Income Account which is not subsequently received by the Trustee shall be reimbursed by the Grantor to the Trustee and the Trustee may debit the Income Account for this purpose. The Grantor may withdraw amounts from the Income Account upon notice to the Trustee. The Grantor may direct the Trustee to transfer amounts in the Income Account to the Trust Account.
The Income Account. All payments of interest and dividends received from or relating to the Assets in the Trust Account shall be deposited by Trustee into a separate income account that shall be established by Grantor and administered by Trustee (the "Income Account") for the benefit of Beneficiary. Trustee's compensation and expenses shall be deducted from the Income Account, as provided in Section 7 of this Agreement.
The Income Account. All payments of interest, dividends and other income in respect of Assets in the Trust Account shall be posted and credited by the Trustee, subject to the deduction of the Trustee's compensation and expenses as provided in Section 8, in the separate income column of the custody ledger (the "Income Account") within the Trust Account established and maintained by the Grantor at an office of the Trustee in New York City. Any interest, dividend or other income automatically posted and credited on the payment date to the Income Account, which is not subsequently received by the Trustee, shall be reimbursed by the Grantor to the Trustee and the Trustee may debit the Income Account for this purpose.
The Income Account. All payments of interest and dividends in respect to Assets in the Security Trust Account shall be deposited by the Trustee in a separate custody ledger income account (the "Income Account") within the Security Trust Account established and maintained by the Grantor at an office of the Trustee in New York City. Any interest, dividend or other income automatically credited on the payment date to the Income Account which is not subsequently received by the Trustee shall be reimbursed by the Grantor to the Trustee and the Trustee may debit the Income Account for this purpose. Pursuant to Section 9(a), the Trustee shall have the right to deduct its compensation and expenses from the Income Account, to the extent due and owing; except as provided in the final sentence of Section 1(c), the balance of the Income Account shall be payable to the Grantor at the end of each calendar month.
The Income Account. All payments of interest and dividends in respect to Assets in the Trust Account shall be deposited by the Trustee in a separate custody ledger income account (the "Income Account") within the Reserve Trust Account established by the Grantor and maintained by the Trustee at an office of the Trustee in New York City. Any interest, dividend or other income automatically credited on the payment date to the Income Account which is not subsequently received by the Trustee shall be reimbursed by the Grantor to the Trustee and the Trustee may debit the Income Account for this purpose. Pursuant to Section 8(a), the Trustee shall have the right to deduct its compensation and expenses from the Income Account, to the extent due and owing. Any amounts contained in the Income Account are part of the Assets of the Reserve Trust Account and, as such, are subject to the terms and conditions of this Agreement with respect to the Assets.
