Examples of Development in a sentence
If the Prospectus related to a Trust specifies a creation and development fee (the “Creation and Development Fee”), the Trustee shall, on such date or dates set forth in the Prospectus for a Trust withdraw from the Reserve Account an amount equal to the entire Creation and Development Fee and credit such amount to a special non-Trust account designated by the Depositor out of which the Creation and Development Fee will be distributed to the Depositor (the “Creation and Development Account”).
If the Trust is terminated pursuant to Section 7.01(h), the Depositor agrees to reimburse Unitholders for any amounts of the Creation and Development Fee collected by the Depositor to which it is not entitled.
The first program that may be available for ApiMed Korea is the Angle Tax Credit administered by the New Jersey Economic Development Authority under the authorization of Governor Xxxx Xxxxxx signed Assembly Bill 5604 on June 30, expanding New Jersey’s Angel Investor Tax Credit Program.
Notwithstanding the foregoing, the Depositor shall not receive any amount of Creation and Development Fee which exceeds the maximum amount per Unit stated in the Prospectus.
If the balance in the Reserve Account is insufficient to make any such withdrawal, the Trustee shall, as directed by the Depositor, either advance funds in an amount equal to the proposed withdrawal and be entitled to reimbursement of such advance from the Income Account, or, if sufficient funds are not available in the Income Account, from the Capital Account, or sell Securities and credit the proceeds thereof to the Creation and Development Account to the extent payable pursuant to this Section 3.15.