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.

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

Examples of Income interest in a sentence

• Income (interest, dividends or gains) on U.S. obligations or securities exempt from state income tax, but not from federal tax.

• In the Consolidated Statement of Comprehensive Income, interest expense and asset depreciation charge are presented separately, so that interest is recorded in the Financial Costs item in the period incurred.

• Income (interest, bonuses, prizes, etc.) are subject to taxation in the Slovak Republic according to laws of general application, unless international treaties binding on the Slovak Republic provide otherwise.

• Income, interest and capital gains (if any) received on investments made by the ICAV may be subject to withholding taxes imposed by the country from which the investment income/gains are received and such taxes may not be recoverable by the ICAV or its shareholders.

• Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

More Definitions of Income interest

Income interest means the right of an income beneficiary to

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

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 has the meaning set forth in the Recitals.

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.