No Minimum Contribution; Contributions by the City Sample Clauses

No Minimum Contribution; Contributions by the City. The Foundation acknowledges and agrees that by execution of this Agreement and the establishment of the Fund, the City is not guaranteeing the Foundation any minimum level of funding for the Fund and that the Foundation has waived its policy of a minimum Twenty Five Thousand Dollar ($25,000.00) contribution to form a donor advised fund. The Foundation enters into this Agreement with the explicit understanding and knowledge that the Fund may never receive any grants or contributions of any kind or amount. The Foundation acknowledges, understands, and agrees that the City has absolutely no obligation under any circumstances to contribute City money as assets to the Fund for any reason. In addition, nothing herein shall be deemed to require the City, now or in the future, to apply for any grant or donation or to direct any monies or grant awards it may receive (whether in furtherance of the Mission or not) to be made into the Fund.
Sample 1
AutoNDA by SimpleDocs

Related to No Minimum Contribution; Contributions by the City

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • NOW, THEREFORE the parties agree as follows:

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Time is Money Join Law Insider Premium to draft better contracts faster.