Fixed Periodic Distribution Provisions Sample Clauses

Fixed Periodic Distribution Provisions. [Applicable]/[Not Applicable]
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Fixed Periodic Distribution Provisions. [Applicable]/[Not Applicable] (a) Rate(s): [ ] per cent. per annum [payable [annually/semi- annually/quarterly/monthly] in arrear on each Periodic Distribution Date] (b) Periodic Distribution Date(s): [ ] in each year [up to and including the Maturity Date] (c) Fixed Amount(s): [ ] per Calculation Amount (d) Broken Amount(s): [[ ] per Calculation Amount, payable on the Periodic Distribution Date falling [in/on] [ ]]/[Not Applicable] (e) Day Count Fraction: [Actual/Actual (ICMA)]/[30/360] (f) Determination Date(s): [ ] in each year (g) Business Day Convention: [Floating Rate Convention/Following Business Day Convention/Modified Following Business Day Convention/Preceding Business Day Convention]/[Not Applicable] (h) [Periodic Distribution Date Adjustment:] [[Applicable]/[Not Applicable]] (Applicable to RMB Certificates only) (i) [Business Centre(s):] [[ ]/[Not Applicable]] (Applicable to RMB Certificates only)
Sample 1
Fixed Periodic Distribution Provisions. [Applicable/Not Applicable] (If not applicable, delete the remaining sub-paragraphs of this paragraph) (a) Rate[s]: [ ] per cent. per annum [payable [annually/semi- annually/quarterly/monthly] in arrear on each Periodic Distribution Date] (b) Periodic Distribution Date(s): [[ ] in each year up to and including the Scheduled Dissolution Date] (NB: This will need to be amended in the case of long or short return accumulation periods) (For Renminbi denominated Fixed Rate Certificates where the Periodic Distribution Dates and the Periodic Distribution Amount to be paid on such Periodic Distribution Dates are subject to modification, specify a Business Day Convention in paragraph 17(g) below (which is expected to be the Modified Following Business Day Convention) and add the words “, subject to adjustment in accordance with the Business Day Convention. For these purposes, “Business Day” means a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and currency deposits) in Hong Kong and [ ]” after “Scheduled Dissolution Date” in this subparagraph (b)) (c) Fixed Amount(s) for Certificates in definitive form (and in relation to Certificates in global form, see Conditions): [ ] per Calculation Amount (For Renminbi denominated Fixed Rate Certificates where the Periodic Distribution Dates and the Periodic Distribution Amount to be paid on such Periodic Distribution Dates are subject to modification in accordance with a Business Day Convention, the following alternative wording is appropriate: “Each Fixed Amount shall be calculated by multiplying the product of the Rate and the Calculation Amount by the Day Count Fraction and rounding the resultant figure to the nearest CNY0.01, CNY0.005 being rounded upwards”.) (d) Broken Amount(s) for Certificates in definitive form (and in relation to Certificates in global form, see Conditions): [[ ] per Calculation Amount, payable on the Periodic Distribution Date falling [in/on] [ ]] [Not Applicable] (Insert particulars of any initial or final broken Periodic Distribution Amounts which do not correspond with the Fixed Amount(s) specified under paragraph 17(c)) (e) Day Count Fraction: [30/360 or Actual/Actual (ICMA) or Actual/365 (Fixed) (Applicable for Renminbi denominated Fixed Rate Certificates)] (f) Determination Date(s): [[ ] in each year/Not Applicable] (Insert regular periodic distribution dates, ignoring issue date or scheduled ...
Sample 1
Fixed Periodic Distribution Provisions. [Applicable/Not Applicable] (If not applicable, delete the remaining sub- paragraphs of this paragraph)
Sample 1

Related to Fixed Periodic Distribution Provisions

  • Required Distributions Generally, when you die, designated beneficiary(ies) who are individuals may elect to deplete the Xxxx XXX by the end of the fifth calendar year following your death or to receive payments based on the designated beneficiary(ies)’s life expectancy. If life expectancy payments are elected, the payments must generally begin by December 31 of the first calendar year following your death. If your surviving spouse is your sole designated beneficiary, he or she may delay the first distribution until December 31 of the year you would have attained age 70½, if later. If your designated beneficiary is not an individual or qualified trust (e.g., a charity, your estate, etc.), your Xxxx XXX must be distributed by the end of the fifth calendar year following your death. Generally, each beneficiary may elect the timing and manner regarding the distribution of his or her portion of the Xxxx XXX. Elections must generally be made by December 31 of the year following your death. If timely elections are not made, distributions to designated beneficiaries who are individuals will be made using the life expectancy option. The default provision for designated beneficiaries that are not individuals is the 5-year method. If your beneficiary(ies) fails to withdraw the required amount in any tax year, he or she may be subject to a 50% excess accumulation penalty tax on the amount that should have been withdrawn but was not distributed. If your surviving spouse is the sole designated beneficiary of your Xxxx XXX, he/she may treat your Xxxx XXX as his or her own Xxxx XXX by redesignating your Xxxx XXX as his or her own Xxxx XXX, failing to take a required distribution as a beneficiary, or by making a contribution. Regardless of whether your spouse is your sole designated beneficiary, he or she may roll distributions from your Xxxx XXX into his or her own Xxxx XXX generally within 60 days of receipt. Additional restrictions may apply. CUSTODIAN NOT YOUR ADVISOR UMB Bank, n.a., UMB Distribution Services, LLC, Grand Distributions Services, LLC, and UMB Fund Services, Inc. expressly disclaim any right, duty, authority or responsibility to furnish legal or tax advice relating to your IRA, including but not limited to present or future tax consequences to you or others which may result from the establishment or maintenance of the Custodial Account, the permissible amounts or deductibility of contributions, the effect of withdrawals, the selection of payment options or beneficiaries, any matters pertaining to prohibited transactions, and any other matter whatsoever. You are advised and encouraged to consult with professional counsel of your own selection respecting all such matters.

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  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

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  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

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  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • Allocation of Subordinate Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Distribution of Agreement The Employer agrees to make available to each employee a copy of this Agreement and to provide a copy of the same Agreement to all new employees entering the employment of the Employer.

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