Common use of Distribution Policy Clause in Contracts

Distribution Policy. It is intended that there be sufficient distributions from each Fund with respect to each of the Fund’s taxation years so that the Fund is not liable for any non-refundable tax under Part I of the Tax Act, other than alternative minimum tax. The provisions of this Article shall be interpreted so as to give effect to this intention.

Distribution Policy. It is intended that there be sufficient distributions from each Fund with respect to each of the Fund’s taxation years so that the Fund is not liable for any non-refundable tax under Part I of the Tax Act, other than alternative minimum tax. The provisions of this Article shall be interpreted so as to give effect to this intention.

Distribution Policy. It is intended that there be sufficient distributions from each Fund with respect to in each of the Fund’s taxation years so that the Fund is not liable for any non-refundable tax under Part I of the Tax Act, other than alternative minimum tax. The provisions of this Article shall be interpreted so as to give effect to this intention.