Common use of Property of the Fund Clause in Contracts

Property of the Fund. The Fund shall be the property of the Foundation held by it in its corporate capacity as a component fund of the Foundation and shall not be deemed a trust fund held by it in a trustee capacity. The Foundation shall have the ultimate authority and control over all property in the Fund, and income derived therefrom, in accordance with the Articles of Incorporation and By-Laws of the Foundation (as they may be amended from time to time), and the terms of this Agreement, applied in a manner not inconsistent with said Articles and By-laws.

Property of the Fund. The Fund shall be is the exclusive property of the Foundation Foundation, and will be held and administered by it the Foundation, in its normal corporate capacity as a component fund capacity, for the benefit of the Foundation Beneficiary, subject to the Foundation’s Articles of Incorporation, Bylaws, and operating procedures presently in existence or as amended from time to time. The Fund shall not be deemed a trust fund held by it the Foundation in a trustee capacity. The Foundation Foundation, in its normal corporate capacity, as further described in the by-laws of the Foundation, shall have the ultimate authority and control over all property in the Fund, Fund and the income derived therefrom, in accordance with the Articles of Incorporation and By-Laws of the Foundation (as they may be amended from time to time), and the terms of this Agreement, applied in a manner not inconsistent with said Articles and By-laws.