Common use of Purpose of Trust Fund Clause in Contracts

Purpose of Trust Fund. The purpose of the Jobs Organization Program Trust Fund shall be to provide, in accordance with the Jobs Organization Program Trust Agreement, financial subsidies for eligible contractors. The Jobs Organization Program Trust Fund shall be the sole and exclusive source of funding for all subsidies, expenses and other charges and liabilities incurred by operation of the Jobs Organization Program and shall not be liable for such charges in excess of the assets in the Fund.

Appears in 6 contracts

Samples: www.ifcassociation.com, finishingcontractors.org, Agreement

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