Extraordinary Income means net death benefit proceeds (defined as total life insurance policy proceeds on the date of death of the insured less the cash surrender value of the policy on the date of death of the insured) of any key-man life insurance policy or other key executive life insurance policy owned by the Company.
Extraordinary Income means the income defined in E4 in the Annexure;
Extraordinary Income shall consist of one-time non-recurring income items, including, but not limited to, gains on sale and acquisition related recapture of contingent or escrowed purchase money payments.
Examples of Extraordinary Income in a sentence
Furnish particulars as to any amounts recorded in Account 434, Extraordinary Income, or Account 435, Extraordinary Deductions.
To the extent that an item is treated as an Extraordinary Income Item or Extraordinary Expenditure, that item shall not directly or indirectly be included in the computation of the Partnership’s net income, gain, loss or deduction.
If it is later determined that the amounts recorded in this account will not be returned to customers through rates or refunds, such amounts shall be credited to Account 421, Miscellaneous Nonoperating Income, or Account 434, Extraordinary Income, as appropriate, in the year such determination is made.
The interest write back arising out of such settlement is considered as Extraordinary Income in the Statement of Profit and Loss.
In addition, the effect of this share transfer on Seibu HD is as stated in “Notice Regarding Recognition of Extraordinary Income at a Subsidiary Resulting From Transfer of Shares of a Sub- subsidiary” separately announced by Seibu HD today.
More Definitions of Extraordinary Income
Extraordinary Income means any income from (a) settlement of any litigation (including, without limitation, the Rogers litigation), (b) any tax refunds, or (c) any extraordinxxx xxcome (in accordance with GAAP).
Extraordinary Income means, in relation to each Reference Period, any one-off, nonrecurring income.
Extraordinary Income means any one-off income of A-REIT arising from any sale or disposal of (i) any Real Estate (as defined herein) (whether directly or indirectly through one or more Special Purpose Vehicles (as defined herein)) or any part thereof, and (ii) any Investments (as defined herein) or any part thereof. INDICATIVE TIMETABLE Event Date and TimeLast date and time for lodgement ofASCENDAS REAL ESTATE INVESTMENT TRUST(Constituted in the Republic of Singapore pursuant to a trust deed dated 9 October 2002 (as amended)) Directors of the Manager Registered OfficeMr David Wong Cheong Fook Ms Chong Siak ChingMr Joseph Chen Seow Chan Mr Chia Kim HuatMr Koh Soo KeongMr Henry Tan Song Kok Ms Monica Villegas Tomlin Mr Tan Ser Ping61 Science Park Road #02-18 The GALENSingapore Science Park II Singapore 117525 6 June 2011 To: Unitholders of Ascendas Real Estate Investment Trust Dear Sir/Madam
Extraordinary Income means any one-off income of A-REIT arising from any sale or disposal of (i) any Real Estate (whether directly or indirectly through one or more Special Purpose Vehicles) or any part thereof, and (ii) any Investments or any part thereof. 2.2 Rationale for the Performance Fee Supplement The Manager believes that the Performance Fee Supplement is beneficial to unitholders of A-REIT (“Unitholders”) as the basis of computation of the performance fee of the Manager will be based on the distributions of the Ordinary Income and will not take into account distributions of any Extraordinary Income. A-REIT’s objectives are to achieve income stability and long-term growth in the portfolio. Potential growth in the existing portfolio would be implemented through a proactive approach to asset management and the acquisition of strategically located properties to deliver consistent returns to Unitholders.The Manager adopts a proactive approach towards managing A-REIT’s properties to enhance its quality and value. Further, it identifies potential acquisition opportunities as well as carries out portfolio optimisation / enhancement strategy. The portfolio optimisation / enhancement strategy includes identifying:
Extraordinary Income means any one-off income of the Trust arising from any sale or disposal of (i) any Real Estate (whether directly or indirectly through one or more Special Purpose Vehicles) or any part thereof, and (ii) any Investments or any part thereof. The Performance Fee shall be paid to the Manager in the form of cash and/or Units (as the Manager may elect). When the Performance Fee or part thereof is paid in the form of Units, the Manager shall be entitled to receive such number of Units for the relevant proportion of the Performance Fee as may be purchased at an Issue Price equal to the Market Price determined in accordance with Clause 5.2.3(i). In the event that Holders’ prior approval is required but is not obtained at the Holders’ meeting to permit such issue of Units to the Manager, then the payment to the Manager for the Performance Fee shall be made in the form of cash. The Manager shall be entitled to all the rights attached to such Units issued to it as any other Holder. Any increase in the rate(s) of the Performance Fee or any change in the structure of the Performance Fee shall be approved by an Extraordinary Resolution of a meeting of Holders or (as the case may be) Depositors, duly convened and held in accordance with the provisions of the Schedule hereto. The amount of the Performance Fee (if any) payable to the Manager shall be net of all applicable GST and all other applicable sales tax, governmental impositions, duties and levies whatsoever imposed thereon by the relevant authorities in Singapore or elsewhere. The Performance Fee payable to the Manager shall take into account all or any portion of the Performance Fee being waived by the Manager. For the avoidance of doubt, no Performance Fee shall be payable in respect of the first Financial Year.”NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Ascendas Real Estate Investment Trust (“A-REIT”) will be held on 28 June 2011 at 2.30 p.m. (or as soon thereafter as the Annual General Meeting of A-REIT to be held at 2.00 p.m. on the same day and at the same place is concluded or adjourned) at Hotel Singapore, 442 Orchard Road, Orchard Ballroom 2, Singapore 238879, for the purpose of considering and, if thought fit, passing, with or without modifications, the following resolution: EXTRAORDINARY RESOLUTION THE PROPOSED PERFORMANCE FEE SUPPLEMENT TO THE TRUST DEED That:
Extraordinary Income. This term means items of income outside the ordinary course of the Company's business.
Extraordinary Income means any one-off income of A-REIT arising from any sale or disposal of (i) any Real Estate (whether directly or indirectly through one or more Special Purpose Vehicles) or any part thereof, and (ii) any Investments or any part thereof.