Sacramento Room Endowment Sample Clauses

Sacramento Room Endowment. All funds in the Sacramento Room Endowment (approx. $1.2M) shall be transferred by the Foundation to SRCF by the Foundation for the benefit of the Authority (or any successor in interest that operates the Library) to be held under the same terms and conditions as presently apply, and provided that SRCF accepts the transfer pursuant to a Transfer Agreement for the Sacramento Room Endowment signed by SRCF and the Foundation (“SRE Agreement”). Upon transfer, the Foundation will no longer have any interest in the Sacramento Room Endowment. In the event any portion of the Sacramento Room Endowment must be liquidated in order to facilitate the transfer, the Parties agree to work together to preserve the corpus and minimize loss. The Foundation will provide to the Authority (a) account statements (with any account numbers redacted) for the Sacramento Room Endowment from August 1, 2020, through the date of transfer and (b) any non-privileged records required by SRCF. The SRE Agreement is attached hereto as Exhibit 3.
Sample 1
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