Income interest definition

Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

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Income interest means the right of a current income beneficiary to receive all or part of net income, whether the terms of the trust require the net income to be distributed or authorize the net income to be distributed in the fiduciary's discretion. The term includes the right of a current beneficiary to use property held by a fiduciary.

Income interest means the right of an income beneficiary to receive all or part of net income,

Examples of Income interest in a sentence

• Income, interest, increments and realized gains paid upon the Escrow Fund (the "Investment Income") shall be retained in the Escrow Fund until disbursed pursuant to Section 4.

• For purposes of this Agreement, "EBITDA" means, for any period, an amount equal to the net income (or loss) for such period, determined in accordance with GAAP, but excluding extraordinary gains or losses for such period ("Net Income") plus (to the extent deducted in determining Net Income) interest expense, provisions for income taxes, depreciation and amortization of intangible assets.

• The term "Debt Service Coverage Ratio" shall mean the ratio determined by (i) the sum of Net Income, interest expense, depreciation and amortization expense, compared to (ii) the sum of interest expense and principal payments with respect to the Indebtedness of the applicable Borrower.

• The Borrower shall not at any time permit the ratio of (x) the sum of Adjusted Consolidated Net Income, interest expense, depreciation, amortization, income tax expense and operating lease expense to (y) the sum of its interest expense, operating lease expense and current maturities of long-term Indebtedness (other than current maturities of obligations in respect of capital leases) in each case determined and consolidated in accordance with GAAP to be less than 2.00 to 1.

• Although SEI Trust can custody the assets within the specified markets, SEI Trust cannot hold local currency within any of the listed markets and all transactions are repatriated back into U.S. Dollars, including Income, interest and maturity proceeds.

More Definitions of Income interest

Income interest means the right of an income beneficiary to

Income interest means any interest paid between the Start Date and the Maturity Date as detailed in the relevant Addendum.

Income interest means the right of a current income

Income interest means the right of a current an

Income interest means the right of an income

Income interest means the revenue generated out of or in relation to the Project during the Project period. means all interest which accrues or shall accrue to the Designated Bank Account. Intellectual Property Rights/IPRs means patents, trademarks, service marks, trade names, design rights, copyright, domain names, database rights, rights in know-how, new inventions, designs or processes and other intellectual property rights (of whatever nature and wheresoever arising, whether now known or hereafter created) and in each case whether registered or unregistered and including applications for the grant of any such rights.

Income interest has the meaning set forth in the Recitals.