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 for failure to satisfy either of such conditions, the Foundation shall devote any remaining assets in the Fund exclusively for charitable purposes that (a) are within the scope of the charitable purposes of the Foundation’s Articles of Incorporation; and (b) most nearly approximate, in the good faith opinion of the Board 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 for failure to satisfy either of such conditionsterminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable purposes that (a) are within the scope of the charitable purposes of the Foundation’s Articles of Incorporation; and (b) most nearly approximate, in the good faith opinion of the Board of Directors, the original purpose of the Fund.that:

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 for failure to satisfy either of such conditionsthe above reasons, the Foundation shall devote any remaining assets in the Fund exclusively for charitable purposes that (a) are within the scope of the charitable purposes of the Foundation’s Articles of Incorporation; and (b) most nearly approximate, in the good faith opinion of the Board of Directors, the original purpose of the Fund.that:

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 for failure to satisfy either of such conditions, the Foundation shall devote any remaining assets in the Fund exclusively for charitable purposes that (a) are within the scope of the charitable purposes of the Foundation’s Articles of Incorporation; and (b) most nearly approximate, in the good faith opinion of the Board of DirectorsFoundation, 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 for failure to satisfy either of such conditionsterminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that (a) are within the scope of the charitable purposes of the Foundation’s Articles of Incorporation; and (b) most nearly approximate, in the good faith opinion of the Board of Directors, the original purpose of the Fund.that:

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 Fund is terminated for failure Foundation ceases to satisfy either of such conditions, be exempt from Code section or if the Foundation shall devote any remaining proposes to dissolve, then the assets of the Fund will be distributed or disseminated to serve purposes similar to those of the named Scholarship fund(s) in the Fund exclusively for charitable purposes that (a) are within the scope of the charitable purposes discretion of the Foundation’s Articles of Incorporation; and (b) most nearly approximate, in the good faith opinion of the Board of Directors, the original purpose of the Fund.