GRANT COMMITTEE Clause Samples
GRANT COMMITTEE. Iowa West Foundation, an Iowa nonprofit corporation (the “Foundation”), shall permit each operator of an excursion gambling boat or land-based gaming facility for which Iowa West or an affiliate serves as the qualified sponsoring organization (each, a “Sponsored Gaming Entity”) to appoint one (1) representative to the Foundation’s Grant Committee (being an advisory committee to the board of directors of the Foundation); provided, however, that each person so appointed must, at the time of appointment, have obtained the age of majority and must be knowledgeable in matters concerning the City of Council Bluffs, Iowa (the “City”) and Pottawattamie County, Iowa (the “County”) and the tax exempt purposes of the Foundation. Any such appointee shall execute and comply with the then current Code of Conduct and Conflict of Interest Policy for the Foundation as a condition of being appointed to and serving on the Foundation’s Grant Committee. The Foundation may refuse to seat any such appointee who, based upon the reasonable and good faith determination of the Foundation Board, does not meet such requirements, and any such appointee who is seated may be removed from the Foundation’s Grant Committee if such appointee does not comply with the provisions of this paragraph. If such appointee is not seated or is removed, the Sponsored Gaming Entity that appointed such unqualified or removed appointee shall have the right to designate a qualified replacement. The Foundation’s Grant Committee shall consist of the number of representatives named by the Sponsored Gaming Entities, plus those persons then serving as Council Members.”
GRANT COMMITTEE. 1.1 POL and the NFSP shall establish and maintain throughout the Grant Period a joint committee to oversee the administration and payment of the Grant (the “Grant Committee”) which shall have the functions described below.
1.2 Each party will have the right to make reasonable objections to the other party's proposed members or the chairman but not so as to frustrate the rotation of the chairmanship.
1.3 Should POL and the NFSP agree that the best interests of this Agreement would be served by the removal of one or more members of the Grant Committee, they may so direct in writing and POL or the NFSP (as the case may be) will put forward to the other party the name of a substitute member of the Grant Committee.
1.4 The relevant person shall with the consent of the other party, such consent not to be unreasonably withheld or delayed, become a member of the Grant Committee as from the date of its next meeting.
GRANT COMMITTEE. The $120,000 ▇▇▇ ▇▇▇▇▇ money will not be available for the 2011-2012 and 2012-2013 school years except as provided below. In the spring of 2012, the parties will meet to determine whether part or all of the ▇▇▇ ▇▇▇▇▇ money will be available for the 2012-2013 school year. 44