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Common use of Continuity Clause in Contracts

Continuity. The fund shall continue so long as assets are available in the Fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, 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 or other exempt purposes of the Foundation ' s Articles of Incorporation; and, (b) most nearly approximate, in the sole opinion of the Board, the original purpose of the Fund.

Appears in 3 contracts

Samples: Agency Endowment Fund Agreement, Donor Advised Fund Agreement, Donor Advised Endowment Fund Agreement

Continuity. The fund shall continue so long as assets are available in the Fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, 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 or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; , and, (, b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.

Appears in 2 contracts

Samples: Agency Growth Endowment Fund Agreement, Agency Endowment Fund Agreement

Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in of the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (: a) are Are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, (, b) most Most nearly approximate, solely in the sole good faith opinion of the Board, the original purpose of the FundFund as envisioned by the Founding Contributor.

Appears in 2 contracts

Samples: Endowed Fund Agreement, Endowed Fund Agreement

Continuity. The fund Fund shall continue so long as assets are available in the Fund fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (: a) are Are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, (, b) most Most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the FundFund as envisioned by the Founding Contributor.

Appears in 2 contracts

Samples: Endowed Scholarship Agreement, Endowed Scholarship Agreement

Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (: a) are Are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, (, b) most Most nearly approximate, solely in the sole good faith opinion of the Board, the original purpose of the Fund as envisioned by the founder of the Fund.

Appears in 1 contract

Samples: Endowed Fund Agreement

Continuity. The fund Fund shall continue so long as assets are available in the Fund fund and the purposes in of the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (: a) are Are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, (, b) most Most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the FundFund as envisioned by the Founding Contributor.

Appears in 1 contract

Samples: Endowed Scholarship Agreement

Continuity. The fund shall continue so long as assets are available in the Fund fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, 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 or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; , and, (, b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.

Appears in 1 contract

Samples: Endowment Fund Agreement

Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, 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 or other exempt purposes of the Foundation ' s Articles of Incorporation; Foundation's Bylaws and, , (b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.

Appears in 1 contract

Samples: Donor Designated Endowment Fund Agreement

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

Appears in 1 contract

Samples: Advised Endowment Fund Agreement

Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in of the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (a) : a. are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation's Articles of Incorporation; andIncorporation and that b. serve, (b) most nearly or closely approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.

Appears in 1 contract

Samples: Permanent Named Endowed Fund Agreement

Continuity. The fund Fund shall continue so as long as assets are available in the Fund and the purposes in the Fund fund can be served by its continuation. If the Fund is terminated, 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 or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, and (b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.

Appears in 1 contract

Samples: Advised Endowment Fund Agreement

Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in of the Fund can be served by its continuation. If the Fund is terminated, the Foundation shall devote any remaining assets in the Fund exclusively for charitable or other exempt purposes that: (a) : a. are within the scope of the charitable or other exempt purposes of the Foundation ' s Foundation's Articles of Incorporation; andIncorporation b. and serve, (b) most nearly or closely approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.

Appears in 1 contract

Samples: Donor Advised Fund Agreement

Continuity. The fund Fund shall continue so long as assets are available in the Fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, 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 or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, , (b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.

Appears in 1 contract

Samples: Designated Foundation Fund Agreement

Continuity. The fund shall continue so long as assets are available in the Fund fund and the purposes in the Fund can be served by its continuation. If the Fund is terminated, 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 or other exempt purposes of the Foundation ' s Foundation’s Articles of Incorporation; and, (, b) most nearly approximate, in the sole good faith opinion of the Board, the original purpose of the Fund.

Appears in 1 contract

Samples: Designated Endowment Fund Agreement