Common use of CONTINUITY OF THE FUND Clause in Contracts

CONTINUITY OF THE FUND. The Fund shall continue so long as assets are available in the Fund and the purposes of the Fund can be served by its continuation. If the Fund is terminated, the Legacy Foundation shall use any remaining assets in the Fund exclusively for educational, charitable, or other exempt purposes that: a. are within the scope of the educational, charitable, and other exempt purposes of the Legacy Foundation; and b. most nearly approximate, in the good faith opinion of the Board, the original purpose of the Fund.

CONTINUITY OF THE FUND. The Fund shall continue so long as assets are available in the Fund and the purposes of the Fund can be served by its continuation. If the Fund is terminatedterminated for failure to satisfy either of such conditions, the Legacy Foundation shall use devote any remaining assets in the Fund exclusively for educational, charitable, or other exempt charitable purposes that: a. that (a) are within the scope of the educational, charitable, and other exempt charitable purposes of the Legacy Foundation’s Articles of Incorporation; and b. and (b) most nearly approximate, in the good faith opinion of the BoardBoard of Directors, the original purpose of the Fund.

CONTINUITY OF THE FUND. The Fund shall continue so long as assets are available in the Fund and the purposes of the Fund can be served by its continuation. If the Fund is terminated, the Legacy Foundation shall use any remaining assets in the Fund exclusively for educational, charitable, or other exempt purposes that: a. are within the scope of the educational, charitable, and other exempt purposes of the Legacy Foundation; and b. most nearly approximate, in the good faith opinion of the Board, the original purpose of the Fund.

CONTINUITY OF THE FUND. The Fund shall continue so long as assets are available in the Fund and the purposes of in the Fund can be served by its continuation. If the Fund is terminated, the Legacy Foundation shall use devote any remaining assets in the Fund exclusively for educational, charitable, or other exempt charitable purposes that: a. (a) are within the scope of the educational, charitable, and other exempt charitable purposes of the Legacy Foundation; 's Bylaws and, b. (b) most nearly approximate, in the good faith opinion of the Board, the original purpose of the Fund.

CONTINUITY OF THE FUND. The Fund shall continue so long as assets are available in the Fund and the purposes of the Fund can be served by its continuation. If the Fund is terminated, the Legacy Foundation shall use any remaining assets in the Fund exclusively for educational, charitable, charitable or other exempt purposes that: a. are within the scope of the educational, charitable, charitable and other exempt purposes of the Legacy Foundation; and b. most nearly approximate, in the good faith opinion of the Board, the original purpose of the Fund.

CONTINUITY OF THE FUND. The Fund shall continue so long as assets are available in the Fund and the purposes of the Fund can be served by its continuation. If the Fund is terminatedterminated for failure to satisfy either of such conditions, the Legacy Foundation shall use devote any remaining assets in the Fund exclusively for educational, charitable, or other exempt charitable purposes that: a. that (a) are within the scope of the educational, charitable, and other exempt charitable purposes of the Legacy Foundation’s Articles of Incorporation; and b. and (b) most nearly approximate, in the good faith opinion of the BoardFoundation, the original purpose of the Fund.

CONTINUITY OF THE FUND. The Fund shall continue so long as assets are available in the Fund and in the reasonable opinion of the Foundation’s secretary and Executive director, the purposes of in the Fund can be served by its continuation. If the Foundation ceases to be exempt from Code section or if the Foundation proposes to dissolve, then the assets of the Fund is terminated, will be distributed or disseminated to serve purposes similar to those of the Legacy Foundation shall use any remaining assets named Scholarship fund(s) in the Fund exclusively for educational, charitable, or other exempt purposes that: a. are within the scope discretion of the educational, charitable, and other exempt purposes of the Legacy Foundation; and b. most nearly approximate, in the good faith opinion of the Board, the original purpose of the Fund.

CONTINUITY OF THE FUND. The Fund shall continue so long as assets are available in the Fund and the purposes of in the Fund can be served by its continuation. If the Fund is terminatedterminated for either of the above reasons, the Legacy Foundation shall use devote any remaining assets in the Fund exclusively for educational, charitable, or other exempt charitable purposes that: a. are a) Are within the scope of the educational, charitable, and other exempt charitable purposes of the Legacy Foundation; 's Articles of Incorporation, and; b. most b) Most nearly approximate, in the good faith opinion of the BoardBoard of Directors, the original purpose of the Fund.

CONTINUITY OF THE FUND. The Fund shall continue so long as assets are available in the Fund and the purposes of in the Fund can be served by its continuation. If the Fund is terminated, the Legacy Foundation shall use devote any remaining assets in the Fund exclusively for educational, charitable, charitable or other exempt purposes that: a. (a) are within the scope of the educational, charitable, and charitable or other exempt purposes of the Legacy Foundation’s Articles of Incorporation; and, b. (b) most nearly approximate, in the good faith opinion of the Board, the original purpose of the Fund.