Duration of the Fund. The Fund shall terminate no later than: The date of the death of the Donor, or The date of death of the survivor of the Donor and the Donor’s spouse. Upon termination of the Fund, all remaining assets in the Fund shall be transferred to the General Fund of the Foundation; provided, however, if the Fund shall have a value of $25,000.00 or more at the time of such termination, the Trustees in their discretion may continue the Fund thereafter as a separate memorial fund under the name Fund, a fund already created in The Spartanburg County Foundation, which fund shall be administered by the Foundation under the same terms applicable to “The General Fund” of the Foundation.
Duration of the Fund. If the purpose for which the Fund has been instituted becomes impossible to perform or impractical to the extent that the University is unable to use the support generated by the Fund under the existing terms of the Agreement or if the University President concludes that carrying out the purpose exposes the University to an unacceptable risk of legal exposure, the Foundation shall consult with the Donor to modify the Fund. If the Donor is not available, the Foundation’s President, in consultation with the University Official and the University President, may recommend to the Foundation’s Board of Trustees for approval an alternative purpose for the Fund as close to and consistent with the Donor’s original intent as it can at that time devise.
Duration of the Fund. The Fund shall terminate no later than: The date of the death of the Donor, or The date of death of the survivor of the Donor and the Donor’s spouse. After my death, if the Fund shall have a value of more than $10,000.00, the Fund will become endowed with _ to serve as successor advisor(s) to the Fund. Successor advisors may make recommendations as to the recipients of the grantable amount in the Fund. At the death of the successor advisor(s), the balance of the Fund will become an unrestricted fund of the Foundation’s Community Fund and will serve our community forever as my permanent charitable legacy under the name Fund.
Duration of the Fund. The Donors intend for the Fund, including all realized and unrealized capital appreciation and depreciation generated by the Fund, to exist in perpetuity with the accumulated “Payout” being made available to support the “Purpose of the Fund” as described in Paragraph 1 above. The “Payout,” a percentage of the fair market value of the Fund as determined from time to time by the University of Arizona Foundation, prior to its expenditure, will be maintained in a separate University Account solely for the benefit of the Purpose of the Fund. The “Payout,” which may from time to time exceed the “net income” (interest, dividend, and any other current income less applicable expenses) generated by the Fund, will be distributed monthly, and will be so distributed in full even if the fair market value of the Fund falls below its historic dollar value (the value of the gift) unless the University makes a determination to the contrary.
Duration of the Fund. The Departments’ intent for the Fund, including all realized and unrealized capital appreciation and depreciation generated by the Fund, is to exist for a minimum of five years. The accumulated “Payout” and less than 10% of the principal (corpus) in any given fiscal year will be made available to support the “Purpose of the Fund” as described in Paragraph 1 above. The “Payout,” a percentage of the fair market value of the Fund as determined from time to time by the University of Arizona Foundation, prior to its expenditure, will be maintained in a separate University Account solely for the benefit of the Purpose of the Fund. The “Payout,” which may from time to time exceed the “net income” (interest, dividend, and any other current income less applicable expenses) generated by the Fund, will be distributed monthly, and will be so distributed in full even if the fair market value of the Fund falls below its historic dollar value (the value of the gift) unless the University makes a determination to the contrary.
Duration of the Fund. The duration of the Fund shall be eight years from the establishment date of the Fund; the investment period of the Fund shall be earlier of (i) the fourth anniversary of the business registration date of the Fund, or (ii) the date when all capital contribution of the Fund has been paid up in full and used as agreed; and the payback period of the Fund is the remaining duration of the Fund commencing from the date immediately after the expiration of the investment period. The investment period or the payback period of the Fund may be extended by resolution of the partners. CMVCGP may extend the duration of the Fund, if so, CMVCGP shall notify all partners in writing, and be authorized to sign the relevant legal documents on its own and/or on behalf of the limited partners and be responsible for the industrial and commercial change procedures (if involved).
Duration of the Fund. The Trust constituted by this Deed shall be for a period of ninety nine (99 ) years, subject only to the provisions for termination as are herein contained.
Duration of the Fund. The Department intends for the Fund, including all realized and unrealized capital appreciation and depreciation generated by the Fund, to exist in perpetuity, except in the events described in Paragraph 9 below. The accumulated “Payout” and less than 10% of the principal (corpus) in any given fiscal year will be made available to support the Purpose of the Fund as described in Paragraph 1 above. The Payout, a percentage of the fair market value of the Fund as determined from time to time by the University in collaboration with the University of Arizona Foundation (the “Foundation”) under the Delegation Statute allowed in Paragraph 3, prior to its expenditure, will be maintained in a separate University Account solely for the benefit of the Purpose of the Fund. The Payout, which may from time to time exceed the net income (interest, dividend, and any other current income less applicable expenses) generated by the Fund, will be distributed monthly, and will be so distributed in full even if the fair market value of the Fund falls below its historic dollar value (the value of the gift), unless the University in collaboration with the Foundation makes a determination to the contrary.
Duration of the Fund. Subject to paragraphs 5 and 12 herein, the Donor intends for the Fund to exist in perpetuity with the annual endowment distribution supporting the purpose set forth in the Endowment Summary. The annual endowment distribution is subject to change as determined by the School’s Board of Trustees. Unless the School determines otherwise, annual endowment distributions will be distributed in full even if the fair market balance of the Fund falls below the original value of the gift.
Duration of the Fund
