Common use of Awards from the Fund Clause in Contracts

Awards from the Fund. Awards from the Fund will be made by the Foundation upon recommendation of an Awards Committee of the Foundation. The Trustees of the Foundation will appoint an Awards Committee consisting of members for such terms as the Trustees of the Foundation shall designate. Appointments to the Awards Committee will be made by the Trustees of the Foundation on nomination by the Sponsor, provided, however, in the event of failure of the Sponsor to submit a nomination for appointment within sixty (60) days after a vacancy occurs, then the Foundation may proceed to fill such vacancy by appointment without nomination by the Sponsor. The original members of the Awards Committee shall be the following persons: , , and Notwithstanding anything in this Agreement to the contrary, all awards and benefits from the Fund shall be of such eleemosynary character and so related to the Spartanburg community as to fall within the purposes of the Foundation.

Appears in 2 contracts

Samples: Interest Fund Agreement, Interest Fund Agreement

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Awards from the Fund. Awards from the Fund will be made by the Foundation upon recommendation of an Awards Committee of the Foundation. The Trustees of the Foundation will appoint an Awards Committee consisting of members for such terms as the Trustees of the Foundation shall designate. Appointments to the Awards Committee will be made by the Trustees of the Foundation on nomination by the Sponsor, provided, however, in the event of failure of the Sponsor to submit a nomination for appointment within sixty (60) days after a vacancy occurs, then the Foundation may proceed to fill such vacancy by appointment without nomination by the Sponsor. The original members of the Awards Committee shall be the following personsfollowing: , , and . Notwithstanding anything in this Agreement to the contrary, all awards and benefits from the Fund shall be of such eleemosynary character and so related to the Spartanburg community as to fall within the purposes of the Foundation.

Appears in 2 contracts

Samples: Designated Fund Agreement, Designated Fund Agreement

Awards from the Fund. Awards from the Fund will be made by the Foundation upon recommendation of an Awards Committee of the Foundation. The Trustees of the Foundation will appoint an Awards Committee consisting of members for such terms as the Trustees of the Foundation shall designate. Appointments to the Awards Committee will be made by the Trustees of the Foundation on nomination by the Sponsor, provided, however, in the event of failure of the Sponsor to submit a nomination for appointment within sixty (60) days after a vacancy occurs, then the Foundation may proceed to fill such vacancy by appointment without nomination by the Sponsor. The original members of the Awards Committee shall be the following persons: , , and . Notwithstanding anything in this Agreement to the contrary, all awards and benefits from the Fund shall be of such eleemosynary character and so related to the Spartanburg community as to fall within the purposes of the Foundation.

Appears in 2 contracts

Samples: Scholarship Fund Agreement, Scholarship Fund Agreement

Awards from the Fund. Awards from the Fund will be made by the Foundation upon recommendation of an Awards Committee of the Foundation. The Trustees of the Foundation will appoint an Awards Committee consisting of ( ) members for such terms as the Trustees of the Foundation shall designate. Appointments to the Awards Committee will be made by the Trustees of the Foundation on nomination by the Sponsor, provided, however, in the event of failure of the Sponsor to submit a nomination for appointment within sixty (60) days after a vacancy occurs, then the Foundation may proceed to fill such vacancy by appointment without nomination by the Sponsor. The original members of the Awards Committee shall be the following personsfollowing: , , and . Notwithstanding anything in this Agreement to the contrary, all awards and benefits from the Fund shall be of such eleemosynary character and so related to the Spartanburg community as to fall within the purposes of the Foundation.

Appears in 1 contract

Samples: Special Fund Agreement

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Awards from the Fund. Awards from the Fund will be made by the Foundation upon recommendation of an Awards Committee of the FoundationFund. The Trustees of the Foundation will appoint an Awards Committee consisting of members for such terms as the Trustees of the Foundation shall designate. Appointments to the Awards Committee will be made by the Trustees of the Foundation on nomination by the Sponsor, provided, however, in the event of failure of the Sponsor to submit a nomination for appointment within sixty (60) days after a vacancy occurs, then the Foundation may proceed to fill such vacancy by appointment without nomination by the Sponsor. The original members of the Awards Committee shall be the following persons: , , and Notwithstanding anything in this Agreement to the contrary, all awards and benefits from the Fund shall be of such eleemosynary character and so related to the Spartanburg community as to fall within the purposes of the Foundation.

Appears in 1 contract

Samples: Agency Fund Agreement

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