Common use of COSTS OF THE FUND Clause in Contracts

COSTS OF THE FUND. It is understood and agreed that the Fund shall share a fair portion of the total investment and administrative costs of the Community Foundation. Those costs annually charged against the Fund shall be determined in accordance with the then current fee schedule identified by the Community Foundation as applicable to funds of this type, as such schedule may be amended by the Community Foundation from time to time. Any costs to the Community Foundation in accepting, transferring or managing property donated to the Community Foundation for the Fund shall also be paid from the Fund.

Appears in 5 contracts

Samples: Scholarship Endowment Fund Agreement, Agreement, Agreement

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COSTS OF THE FUND. It is understood and agreed that the Fund shall share a fair portion of the total investment costs and administrative costs expenses of the Community Foundation. Those costs annually and expenses charged against the Fund shall be determined in accordance with the then then-current administrative fee schedule policy identified by the Community Foundation as applicable to funds of this typeFoundation, as such schedule policy may be amended by the Community Foundation from time to time. Any costs to and expenses incurred by the Community Foundation in accepting, transferring transferring, or managing property donated to the Community Foundation for the Fund Fund, including without limitation the Community Foundation’s costs and expenses (including reasonable attorney fees) of any claim or proceeding with respect to the Fund, also shall also be paid from the Fund.

Appears in 1 contract

Samples: Nonprofit Fund Agreement

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