Creation of the Fund. There is hereby created the ("xxx Xxxx") to receive, hold, manage and administer funds to . The Foundation shall hold the assets, together with any additions thereto, and shall invest and reinvest the same and shall distribute income as hereinafter set forth.
Creation of the Fund. Employer agrees to, and the Union approves, the establishment of a program to be known as the Industry Fund which shall automatically continue thereafter unless changed through negotiations.
Creation of the Fund. There is hereby created the Parish Endowment Fund (“the Fund) to receive, hold, manage and administer contributions and funds to support the . The Foundation shall hold the assets, together with any additions thereto, and shall invest and reinvest the same and shall distribute income as hereinafter set forth. As a temporarily restricted fund, the principal of the Fund, any subsequent gifts thereto, and any investment income shall be used for this Fund’s donor-imposed purpose.
Creation of the Fund. The multi-donor Fund hereby created shall be known as the
Creation of the Fund. There is hereby created for certain United States bank regulatory purposes and established with the Trustee a segregated fund (the "Fund") to be designated "Bank of Montreal Floating Rate Debentures, Series 9, Due 1996 Fund", into which funds shall be deposited by the Bank as provided in section 9.02, which funds shall be used to pay the principal of the Series 9 Debentures on the terms and subject to the conditions set forth in this Indenture. Notwithstanding any provision to the contrary contained in this Indenture, neither funds deposited in the Fund, nor any other property from time to time held in the Fund, shall be deemed to be for any purpose property of the holders of the Series 9 Debentures or trust funds and the Fund shall not constitute security for the payment of the Series 9 Debentures.
Creation of the Fund. The City hereby creates and establishes a Trust Fund to be known as the City of Overland Park, Kansas Retiree Health Care Benefit Plan Trust Fund, which shall comprise the contributions made by the City, contributions made by Employees, Retirees and their dependents, if any, any insurance contracts entered into by the Trustee, all sums payable to the Trustee by reason of such insurance contracts, all investments made and held by the Trustee, all income from such investments, and all other money or property received and held by the Trustee for the uses and purposes set forth in this Trust Agreement.
Creation of the Fund. American Family will create a fund (the “Fund”) by depositing the Settlement Amount with the Claims Administrator (for deposit in a separately established, interest-bearing account) (hereinafter the “Settlement Deposit”). The Settlement Deposit shall be paid into the Fund within 10 business days after entry of the Preliminary Approval Order. The timely payment of the Settlement Deposit to the Claims Administrator shall satisfy the payment obligations set forth in paragraph 5 herein, provided that American Family, either directly or indirectly, does not cause or instruct that the amounts of the Settlement Deposit not be distributed by the Claims Administrator to those entitled to receive the same pursuant to this Agreement. American Family shall be solely responsible for directing the Claims Administrator to file all informational and other tax returns necessary to report any taxable and/or net taxable income earned by the Settlement Deposit.
Creation of the Fund. Initial Contribution. The Donors hereby contribute to the Foundation to create the Donor Advised Fund (“Fund”). The Donors or any other person or organization may make subsequent contributions to the Foundation to be held as part of the Fund. All contributions to the Fund shall be administered pursuant to the terms and conditions of this Agreement. The Fund shall be held by the Grace Commons Foundation.
Creation of the Fund. Purpose of the Fund/Responsibilities of the Parties.
A. Creation of the Fund/Loan Loss Reserve
(1) The Governmental Entity shall fund a Loan Loss Reserve Account (“LLR Account”) by placing no less than $ at the Financing Entity within 30 days of execution of this Agreement. A portion of the funds to be deposited in the LLR Account must come from EECBG, SEP, a similar ARRA funding source, or other appropriate sources of funding support for energy efficiency financing.
(2) The Financing Entity agrees [to serve as Escrow Agent and] to accept the funding of the LLR Account in 1 (A)(1) for the purpose of [holding in escrow the] creating a LLR Account and [for the further purpose of making loans] to make loans for the Energy Projects set forth in 1 (B). Notwithstanding the foregoing, the Financing Entity shall create the LLR Account no later than September 30, 2010.
(3) The Parties will cooperate to establish final loan underwriting standards, financial controls and other legal and operational requirements to permit full utilization of the LLR Account in support of financing for energy efficiency and renewable energy improvements, including, but not limited to, retail installment contracts or other financial products, as necessary.
(4) The Governmental Entity shall have no loan loss reserve obligations under this Agreement beyond the amount placed in the LLR Account and committed to the Program, as defined in 1 (B). The Financing Entity shall not have recourse to the Governmental Entity beyond the amount placed in the LLR Account in the event losses exceed the amount deposited in the LLR Account under the Program.
Creation of the Fund. The nonpermanent, multi-donor fund hereby created shall be known as the Scholarship Fund (the “Fund”). Any contributions made by the Donor or others to the Fund shall be the irrevocable property of the Foundation, which shall have the ultimate authority and control of all property in the Fund, and the income derived therefrom for the charitable purposes as defined in this Agreement. The Fund shall be held by the Foundation as a nonpermanent fund that provides scholarship grants in the form of tuition awards for students of (the “School”) from the income and/or principal of the Fund, and which allows for spending of the entire value in the form of scholarship grants.
