Generated Income definition

Generated Income has the meaning given in Clause 9.2.
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Generated Income means the aggregate amount of Commission and Service Fees received by us in a Financial Year (net of Commission reversals by the provider of Financial Products and Service Fees repaid to a Client by us in that Financial Year) referable to Services performed by you or, if applicable, an Authorised Adviser.
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Examples of Generated Income in a sentence

  • The Recipient acknowledges that, the Department may, at its absolute discretion: authorise the use of Project Generated Income to maximise Project Outcomes; require the return of the interest amount to the Department; or offset future payment(s) of Funds against the interest amount.

  • Project Generated Income any income earned or generated by the Recipient from its use of the Funds, including interest earned from the investment of the Funds, but does not include income earned or generated from the use of the Assets.

  • Subject to clause 32(b), the Recipient must treat Project Generated Income in accordance with the Department’s written direction.

  • Project Generated Income any income earned or generated by the Recipient from its use of the Funds, including interest earned from the investment of the Funds.

  • The Recipient must treat Project Generated Income in accordance with the Department’s written direction and, in the case of interest earned on the Funds acknowledges that, the Department may require: return of the interest amount to the Department; that the interest amount is applied to Project expenses or costs where such application is consistent with the Project Budget; or offset of payment of Funds against the interest amount.

  • Activity Generated Income any income earned or generated by the Recipient from its use of the Funds, including interest earned from the investment of the Funds, but does not include income earned or generated from the use of the Assets.

  • The Parties understand that if such tax reporting documentation is not provided and certified to the Escrow Agent, the Escrow Agent may be required by the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, to withhold tax on a portion of any Generated Income.

  • The Recipient must treat Project Generated Income in accordance with DNP’s written direction and, in the case of interest earned on the Funds acknowledges that, DNP may require: return of the interest amount to DNP; that the interest amount is applied to Project expenses or costs where such application is consistent with the Project Budget; or offset of payment of Funds against the interest amount.

  • The proportion of any surplus from the proceeds of the insurance, which reflects the proportion of the acquisition cost of the Asset that was met by the Funding, must be notified to the Department and used and accounted for as Activity Generated Income under this Agreement.

  • The Recipient must treat Activity Generated Income in accordance with the Department’s written direction and, in the case of interest earned on the Funds acknowledges that, the Department will require either: return of the interest amount to the Department; that the interest is applied to Activity expenses or costs where such application is consistent with an Activity Budget; or offset of payment of Funds against the interest amount.