Total Distribution Clause Samples
The Total Distribution clause defines how all available funds or assets are to be allocated among the parties involved, typically upon the occurrence of a specific event such as the dissolution of a partnership or the winding up of a trust. In practice, this clause outlines the method for calculating each party’s share, the timing of distributions, and any conditions or priorities that must be satisfied before distribution occurs. Its core function is to ensure a clear, fair, and orderly process for dividing assets, thereby minimizing disputes and providing certainty to all parties regarding their entitlements.
Total Distribution. Any beneficiary may elect to receive a total distribution of the IRA balance. Transfer to an Inherited IRA. Any beneficiary may transfer the assets directly into an inherited IRA with another IRA trustee or cus- todian. You may be required to establish an inherited IRA to accept the assets. You are responsible for making a required election for the inherited IRA assets and for receiving the applicable distribution by the deadline. Life Expectancy Payments. Distributions generally are taken over the longer of the beneficiary’s or the original IRA owner’s life expec- tancy. All beneficiaries must begin distributions by December 31 of the year following the year of the original IRA owner’s death. IRA FINANCIAL DISCLOSURE INVESTMENT RESPONSIBILITIES
Total Distribution. Any beneficiary may elect to receive a total distribution of the IRA balance. Transfer to an Inherited IRA. Any beneficiary may transfer the assets directly into an inherited IRA with another IRA trustee or cus- todian. You may be required to establish an inherited IRA to accept the assets. You are responsible for making a required election for
Total Distribution. Amount Section 1.1 Trust Accounts Section
Total Distribution. Cumulative Capital The sum of all Capital from the first fiscal year Contributions in Contributionswhich the Fund first issues Shares to subscribing shareholders through the end of the fiscal year for which Cumulative Capital Contributions are being computed. Cumulative Capital Payback The sum of all Capital Paybacks (as defined below) from the first fiscal year in which the Fund first issues Shares to subscribing shareholders through the end of the fiscal year prior to the fiscal year for which Cumulative Capital Payback is being computed. Net Unreturned Capital The greater of (a) zero or (b) Cumulative Capital Contributions -Cumulative Capital Payback. Capital Payback The greater of (a) zero or (b) the lesser of (i) Net Unreturned Capital or (ii) the amount determined by solving the following algebraic formula: