Income Property definition

Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;
Income Property means any real property or assets or vessels (including any personal property ancillary thereto or used in connection therewith) owned, operated or leased or otherwise controlled by the Company or its Restricted Subsidiaries and earning, or intended to earn, current income, whether from rent, lease payments, operations or otherwise. “Income Property” shall not include any Development Property, Redevelopment Property or undeveloped land. Each Income Property shall continue to be classified as an Income Property under this Indenture until the Company reclassifies such Income Property as a Redevelopment Property for purposes of this Indenture, upon and after which such property shall be classified as Redevelopment Property under this Indenture.

Examples of Income Property in a sentence

  • Each Capacity Block, starting with the first full capacity block after April 15, 2020, shall have a minimum of 5% of its total available capacity reserved for Low Income Community Shared and Low Income Property Solar Tariff Generation Units.

  • See Ordinary Income Property and Capital Gain Property, both earlier, for more information.Example.

  • FundFeesLegal & General Ethical UK Equity Index Fund0.20% p.a.Ethical Global Equity Index Fund0.30% p.a.Ethical Global Equity Index Fund– GBP Hedged0.325% p.a.Index-linked Gilt Funds0.100% p.a. of the first £5m, 0.075% p.a. of the next £5m, 0.050% p.a. of the next £20m,0.030% p.a. of the balance above £30mLPI Income Property Fund0.400% p.a. of the first £7.5m, 0.350% p.a. of the next £12.5m,0.300% p.a. of the balance above £20m Barnett Waddingham is remunerated on a time-cost basis.

  • Concurrent with the Issuer’s initial public offering, on November 26, 2019, CTO and certain of its affiliates entered into contribution agreements with Alpine Income Property OP, LP (the “Operating Partnership”), pursuant to which CTO and such affiliates contributed to the Operating Partnership five properties in exchange for an aggregate of 1,223,854 units of limited partnership interest of the Operating Partnership (“Units”), which had an initial value of $23,253,226 (the “Contribution Transactions”).

  • A two-family dwelling must be appraised on the Fannie Mae Form 1025, Small Residential Income Property Appraisal Report.


More Definitions of Income Property

Income Property means property that is commercial or industrial real estate, residential properties containing partial commercial or business uses, and/or residential real estate of more than five (5) dwelling units, and is intended to generate rental or other income for the owner.
Income Property means any Property comprised of a hotel and/or hotel business or an operating business or facility ancillary to a hotel or hotel business (including without limitation, laundry services, employee housing, retail, parking, golf courses, docking facilities and spa facilities). “Income Property” shall not include any Development/Redevelopment Property or undeveloped land. Each Income Property shall continue to be classified as an Income Property under this Indenture until the Issuer reclassifies such Income Property as a Development/Redevelopment Property for purposes of this Indenture, upon and after which such property shall be classified as Development/Redevelopment Property under this Indenture.
Income Property shall not include any Development/Redevelopment Property or undeveloped land. Each Income Property shall continue to be classified as an Income Property under this Indenture until the Issuer reclassifies such Income Property as a Development/Redevelopment Property for purposes of this Indenture, upon and after which such property shall be classified as Development/Redevelopment Property under this Indenture.
Income Property means, with respect to the Deposited Property:-
Income Property means an income producing Property which is wholly- --------------- owned by Weeks Corporation or a Consolidated Entity and improved with a completed building, but which is not leased under a Direct Financing Lease.
Income Property means, in respect of each Product, (a) all interest, dividends