Common use of Future Changed Circumstances Clause in Contracts

Future Changed Circumstances. If, in the opinion of the Board of Directors of Centrum, all or part of this gift cannot at some time in the future be usefully or practically applied to the above purposes or if the purpose can not be achieved because of a future change in law or unforeseeable circumstances, it may be used for any related purpose which in the opinion of the Board of Directors will most nearly accomplish the Donor’s wishes.

Appears in 1 contract

Samples: Gift Agreement

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Future Changed Circumstances. If, in the opinion of the Board of Directors Trustees of Centrumthe [Your Organization], all or part of this gift cannot at some time in the future be usefully or practically applied to the above purposes or if the purpose can cannot be achieved because of a future change in law or unforeseeable circumstances, it may be used for any related purpose which in the opinion of the Board of Directors Trustees will most nearly accomplish the Donor’s wishes.

Appears in 1 contract

Samples: Gift Agreement

Future Changed Circumstances. If, in the opinion of the Board of Directors of Centrumthe Fulbright Association, all or part of this gift cannot at some time in the future be usefully or practically applied to the above purposes or if the purpose can cannot be achieved because of a future change in law or unforeseeable circumstances, it may be used for any related purpose which in the opinion of the Board of Directors will most nearly accomplish the Donor’s wishes.

Appears in 1 contract

Samples: Endowment Agreement

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Future Changed Circumstances. If, in the opinion of the Board of Directors of Centrumthe Foundation, all or part of this gift cannot at some time in the future be usefully or practically applied to the above purposes or if the purpose can cannot be achieved because of a future change in law or unforeseeable circumstances, it the gift may be used for any related purpose which which, in the opinion of the Board of Directors of the Foundation, will most nearly accomplish the Donor’s wishes.

Appears in 1 contract

Samples: Gift Agreement

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