Trust Income. During the term of this Trust, except to the extent explicitly provided otherwise in this Trust Agreement, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested.
Trust Income. All payments of interest, dividends and other income in respect to the Assets in the Supplemental Trust Account shall be promptly deposited into the Supplemental Trust Account.
Trust Income. The Trustee shall pay to the Company the whole of the income of the Trust Fund in accordance with the Regulations.
Trust Income. All Trust income shall be accumulated and added to principal.
Trust Income. Refers to the income obtained by the trustee from the management, use and disposal of the trust property.
Trust Income. Unless otherwise qualified, as used in this Agreement the term “trust income” shall refer to distributable net income which includes the sum of all items of ordinary income, dividends and recognized capital gains and tax-exempt income, less all deductions (except for the deduction for distributions), losses, credits and exemptions allowable to reduce the total of taxable trust income; when used to refer to a distribution of “trust income” to charity, the term shall mean fiduciary accounting income for trust accounting purposes, as required by §642(c) of the Code for charitable contribution deduction purposes.
Trust Income. 6.4.1 For purposes hereof:
Trust Income. All of the expenditures of Trust income shall be consistent with the terms of the Will, which provide that Trust income is to be used for the operation and maintenance of and improvements and additions to the Property.
Trust Income. Except as provided in Section IV hereof, during the continuance of the Trust, all net income (or losses) of the Trust shall be allocated quarterly among the separate Trust Accounts of the Participants in accordance with Section 6.2 hereof.
Trust Income. All payments of interest, dividends and other income in respect to the Assets in the Reinsurance Trust Account shall be promptly deposited into the Reinsurance Trust Account.
