Common use of Project Account Clause in Contracts

Project Account. On behalf of the Sponsored Organization, the Fiscal Sponsor shall establish and operate for the use of the Project a designated account (“Account”) segregated on the Fiscal Sponsor’s books. All amounts deposited into a Project’s Account shall be used in its support, less administrative charges, if any, and subject to the conditions set forth in this agreement.

Appears in 3 contracts

Samples: Fiscal Sponsor Agreement, Fiscal Sponsor Agreement, Fiscal Sponsor Agreement

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Project Account. On behalf of the Sponsored Organization, the Fiscal Sponsor shall will establish and operate for the use of the Project a designated account (“Account”) segregated on the Fiscal Sponsor’s books. All amounts deposited into a Project’s Account shall will be used in its support, less administrative charges, if any, and subject to the conditions set forth in this agreement.

Appears in 1 contract

Samples: Fiscal Sponsor Agreement

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