Income Entitlement definition

Income Entitlement means the amount calculated in respect of a Participant pursuant to Clause 7.7.2.
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Income Entitlement means an entitlement to the Distributable Income of a Member or Former Member in respect of a Unit calculated in accordance with clause 15. For the removal of doubt, the Income Entitlement of a Former Member in relation to an Income Distribution Period is as calculated in accordance with clause 8.16.
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Income Entitlement means an entitlement to the Distributable Income of a Unit Holder or Former Unit Holder in respect of a Unit calculated in accordance with clause 6 of this Schedule 2.
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Examples of Income Entitlement in a sentence

  • Immediately prior to the redemption of the Unit the Trustee is to distribute to the Unitholder the Accrued Income Entitlement in respect of the Unit.

  • The Accrued Income Entitlement is a reduction to the amount of the Redemption Price payable at that time.

  • To the extent that this results in a gain or increased gain on disposal of the Units, this means that the Withdrawal Unit Income Entitlement is taxed twice.

  • The entitlement of a redeeming Unitholder in a particular Fund to the Withdrawal Unit Income Entitlement (if any) and the Redemption Price in respect of a redeemed Unit in that Fund is satisfied by the payment from the Fund of cash equal to the Withdrawal Amount plus the Coupon Accrual Adjustment less the Transaction Fee.

  • The components of the Withdrawal Amount for a Fund are the aggregate of the Redemption Price for the Fund and the Withdrawal Unit Income Entitlement for the Fund.

  • Any Withdrawal Unit Income Entitlement will be treated as a normal distribution of the Fund’s income in the hands of the Unitholder.

  • The Trustee must on each Distribution Date, determine the Income Entitlement of each Participant in respect of the relevant Income Entitlement Period.

  • On the basis that the Units constitute trading stock, any Withdrawal Unit Income Entitlement in respect of those Units should be treated as a normal receipt of income in the hands of the Unitholder.

  • In this constitution these words and phrases have the following meaning unless the contrary intention appears: Accrued Income Entitlement in relation to a Unit means the Manager’s estimate of the appropriate share of the income of the Trust accrued from the commencement of the Distribution Period to the date for redemption of the Unit.

  • The Withdrawal Unit Income Entitlement for each Fund is explained further below.


More Definitions of Income Entitlement

Income Entitlement means an entitlement to the Distributable Income of a Member or Former Member in respect of a Unit calculated in accordance with clause 6 of this Schedule 1.
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Income Entitlement means the entitlement to Income determined under clause 9.5 or paragraph 3.4 of Schedule 4.'• in respect of the Vanguard LifeStrategy Balanced Fund, the reference to 'clause 8.12(a)' in clause 8.11(b) will be deleted and replaced with a reference to 'clause 8.11(a)'.Annexure C – Summary of ASIC Reliefs ASIC has granted the following modifications and exemptions in relation to the operation of the Corporations Act to facilitate the Proposal:
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Income Entitlement means the amount calculated pursuant to Clause 1.12.2. “Independent Director” means a person who is not:
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Related to Income Entitlement

  • M2M Entitlement means a Non-Monitoring RTO’s share of a M2M Flowgate’s total capability to be used for settlement purposes that is calculated pursuant to Section 6 of Schedule D to this Agreement.

  • Security Entitlement The meaning specified in Section 8-102(a)(17) of the UCC.

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Entitlements means, with respect to any Offering, the license and use types, limits, volume, or other measurement or conditions of permitted use for such Offering as set forth in the applicable Order or Supplemental Terms, including but not limited to any limits or restrictions on the number and categories of users authorized to use such Offering, permitted geographic areas, available storage space, computing power, or other attributes and metrics.

  • Entitlement means the number specified as such in the relevant Launch Announcement and Supplemental Listing Document, subject to any adjustment in accordance with Product Condition 4;

  • Per Certificate Entitlement means the per Certificate entitlement to the underlying Precious Metal specified in the Final Terms (the "Initial Per Certificate Entitlement") which is thereafter reduced by the Reduction Percentage.

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Full Entitlement ADR(s) “Full Entitlement ADS(s)” and “Full Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Partial Entitlement ADR(s) “Partial Entitlement ADS(s)” and “Partial Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Partial Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Income Account Record Date means the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • Entitlement Holder means, with respect to any financial asset, a Person identified in the records of the Securities Intermediary as the Person having a Security Entitlement against the Securities Intermediary with respect to such financial asset.

  • Gross Income from Operations means all sustainable income as reported on the financial statements delivered by the Borrower in accordance with this Agreement, computed in accordance with accounting principles reasonably acceptable to Lender, consistently applied, derived from the ownership and operation of the Property from whatever source, INCLUDING, but not limited to, (i) Rents from Tenants that are in occupancy, open for business and paying unabated Rent, (ii) utility charges, (iii) escalations, (iv) intentionally omitted; (v) service fees or charges, (vi) license fees, (vii) parking fees, and (viii) other required pass-throughs but EXCLUDING (i) Rents from Tenants that are subject to any bankruptcy proceeding (unless such Tenant has affirmed its Lease or Inland Western Retail Real Estate Trust, Inc. has master leased such Tenant's premises for full contract rent for a period not less than three years, and the net worth of Inland Western Retail Real Estate Trust, Inc. (as determined by Lender) is not less than such entity's net worth as of September 30, 2003), or are not in occupancy, open for business or paying unabated Rent, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds. Gross income shall not be diminished as a result of the Mortgage or the creation of any intervening estate or interest in the Property or any part thereof.

  • Earnings Account means, in relation to a Ship, an account in the name of the Owner owning that Ship with the Agent in Hamburg designated “[name of relevant Owner]—Earnings Account” or any other account (with that or another office of the Agent) which replaces such account and is designated by the Agent as that Earnings Account for the purposes of this Agreement and, in the plural, means all of them;

  • Credit Risk Management Fee The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any and all powers and duties of the Credit Risk Manager under the Credit Risk Management Agreements, which amount shall equal one twelfth of the product of (i) the Credit Risk Management Fee Rate multiplied by (ii) the Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.

  • Management Accounts means the unaudited balance sheet of the Seller as at the Management Accounts Date and the unaudited statements of profit and loss of the Seller for the period commencing from 1st January 2007 and ended on the Management Accounts Date prepared in accordance with US GAAP and in a manner consistent with past practice, copies of which are annexed hereto as Exhibit B.

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral Management Fee.

  • uncertificated share means a share of a class which is at the relevant time a participating class, title to which is recorded on the register as being held in uncertificated form and references in these articles to a share being held in uncertificated form shall be construed accordingly;

  • Expense Account has the meaning given to such term in Section 3.01(a) hereof.