Charitable Pledge Agreement Sample Clauses

Charitable Pledge Agreement. Notwithstanding the assignment of the Purchase/ Sale Agreement by Assignor to Assignee, the parties acknowledge that the Charitable Pledge Agreement shall not be assigned, and shall continue in full force and effect between Assignor and Seller. Assignee shall cause Escrow Holder to pay the charitable contribution to Assignor at the close of Escrow.
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Charitable Pledge Agreement. In consideration of my interest in the mission of Xxxxxxx College, for and in consideration of similar promises of other donors and for other good and valuable consideration, the receipt of which is hereby acknowledged, and intending to be legally bound, I , irrevocably pledge and promise that my estate shall be obligated to pay Xxxxxxx College, subsequent to my death, the sum of . This sum, when paid from my estate shall be used by Xxxxxxx College for the . I acknowledge that Xxxxxxx College’s promise to use the amount pledged by me and/or that Xxxxxxx College’s actual use of the money pledged by me for the purposes specified shall each constitute full and adequate consideration for this pledge. The pledge is to be irrevocable and a binding obligation upon my estate. Lifetime payments may reduce or satisfy pledge. This pledge Agreement may also be satisfied in part or in full by payments made by me at my discretion during my lifetime and so designated by me in writing delivered to Xxxxxxx College at the time of the gift. Any amounts paid by me from the date of this Agreement to the date of my death which are so designated shall reduce the amount my estate is obligated to pay after my death under the terms of this Agreement. Any amounts not so designated shall conclusively be presumed not to be in reduction of the amount pledged herein. Gifts by will or living trust may reduce or satisfy pledge. In the event that Xxxxxxx College is a beneficiary under the terms of my duly probated Will or Living Trust, whether a specific or residuary legatee, the amount received by Xxxxxxx College under the terms of my Will or Living Trust shall reduce the amount pledged in this Agreement. This Agreement shall be interpreted under the Laws of the State of South Carolina. Executed this day of , 20 . Donor: Witness:
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Charitable Pledge Agreement. X. Introduction: Naming opportunities granted according to the guidelines of the Naming Opportunities policy above on the basis of a pledge of future support will be contingent upon the execution and fulfillment of the following Charitable Pledge Agreement:
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Related to Charitable Pledge Agreement

  • What If I Pledge My Account? If you use (pledge) all or part of your Traditional IRA as security for a loan, then the portion so pledged will be treated as if distributed to you and will be taxable to you as ordinary income during the year in which you make such pledge. The 10% penalty tax on early distributions may also apply in addition to ordinary income taxes.

  • NO STRIKE PLEDGE The Union agrees that during the life of this Agreement, its agents, or its members shall not authorize, instigate, aid, or engage in any work stoppage, slowdown, sick-out, refusal to work, picketing, or strike against the District. If, during the life of this Agreement, the employees, for whatever reason engage in the aforementioned provisions, the Union shall immediately publicly order the striking employees to discontinue such action through the local media. Failure of the Union to take such action shall be subject to enforcement by the ordinary process of law.

  • Negative Pledge Neither the Borrower nor any Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

  • Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities (1) You may transfer within escrow to a financial institution the escrow securities you have pledged, mortgaged or charged under section 4.2 to that financial institution as collateral for a loan on realization of the loan.

  • Joint Ventures The joint venture or partnership arrangements in which the Company or the Partnership is a co-venturer or general partner which are established to acquire or hold Assets.

  • Security Agreement The words "Security Agreement" mean and include without limitation any agreements, promises, covenants, arrangements, understandings or other agreements, whether created by law, contract, or otherwise, evidencing, governing, representing, or creating a Security Interest.

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