Successor Advisor Clause Samples

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Successor Advisor. The second generation fund advisor; he or she has no advisory privileges until the cessation to act of all initial fund advisors. (Primarily for donor advised funds, committee advised funds and scholarship funds.)
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Successor Advisor. This individual will have all of the advisory privileges of the fund advisor after the fund advisor is no longer able and willing to serve as such (such as that individual’s death, incapacity, or resignation as the fund advisor).
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Successor Advisor. After the Donor’s lifetime the following person is authorized to provide grant-making recommendations for the Fund: or, in his/her absence or inability to perform, (each a “Successor Advisor” and, together, the “Successor Advisors”). After the respective lifetimes of the Successor Advisors, remaining balances of the Fund will be added to the Foundation’s unrestricted funds, or if more than $25,000 will be: maintained in the name of the Fund as a permanent endowment for general Foundation purposes set aside in the name of the Fund for use towards the following broad field(s) of interest: .
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Successor Advisor. ADVISOR INFORMATION Please identify the type of advisor(s). In addition to naming one or more Donor Advisors, you may appoint an individual as an Additional Advisor, Successor Advisor or both. An Additional Advisor will have independent authority to recommend grants during your life. A Successor Advisor will have the authority to recommend grants and investments upon the death of the fund’s last surviving Donor Advisor. ADVISOR ONE Donor Advisor ⬜ Additional Advisor ⬜ Successor Advisor ADVISOR THREE ⬜ Donor Advisor ⬜ Additional Advisor ⬜ Successor Advisor Print Form Clear Form POST-DEATH CHARITABLE BENEFICIARIES You may recommend that the fund continue after your death, in whole or in part, or you may recommend that the fund be distributed to a Qualified Charity, in whole or in part. The person(s) whom you designate as Successor Advisor(s) can recommend grants from this portion. If less than 100%, skip to Part 2. If you have designated more than one Successor Advisor, select a box below: ⬜ Split Fund. The Program will split the fund pro rata into separate funds, each having its own Successor Advisor.
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Successor Advisor. Donors may designate individuals as successor advisor(s), who have privileges to make recommendations appropriate for the fund. A donor advisor may change this designation at any time by notifying the Community Foundation in writing. First Name MI Last Name Suffix Preferred Salutation (e.g. ▇▇. ▇▇▇▇▇ ▇. Smith or ▇▇▇ ▇▇▇▇▇) Home Address City State Zip Work Organization Work Title Date of Birth Preferred Email Preferred Phone Relationship with Donor Advisor: I/We have informed the successor advisor of my/our succession plan I/We would like the successor advisor to begin receiving mailings from the Foundation First Name MI Last Name Suffix Preferred Salutation (e.g. ▇▇. ▇▇▇▇▇ ▇. Smith or ▇▇▇ ▇▇▇▇▇) Home Address City State Zip Work Organization Work Title Date of Birth Preferred Email Preferred Phone Relationship with Donor Advisor: I/We have informed the successor advisor of my/our succession plan I/We would like the successor advisor to begin receiving mailings from the Foundation Your values today can reflect your giving forever. Your planned gift (Bequest, IRA/Retirement Plan, Life Insurance, Property) is invested with us, growing over time to make an even greater difference in organizations you support and bestowed at timing you control through your planned gift. Our experts can help you and your financial advisors identify the best way to reduce estate and income taxes or produce retirement income. I/we have named the Athens Area Community Foundation in my/our will or trust. I would like to learn more about the Legacy Society and how to create a Planned Gift.
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Related to Successor Advisor

  • Successor Administrator If a successor Administrator for the Investment Company shall be appointed by the Investment Company, FAS shall upon termination of this Agreement deliver to such successor Administrator at the office of FAS all properties of the Investment Company held by it hereunder. If no such successor Administrator shall be appointed, FAS shall at its office upon receipt of Proper Instructions deliver such properties in accordance with such instructions. Each Fund will bear all out-of-pocket expenses arising from the transition of Administrative Services to a successor Administrator, including without limitation the expenses of moving or transmitting materials to the successor Administrator.

  • Sub-Advisor The U.K. Sub-Advisor shall pay the salaries and fees of all personnel of the U.K. Sub-Advisor performing services for the Portfolio relating to research, statistical and investment activities.

  • Sub-Adviser The Sub-Adviser represents and warrants to the Adviser that: (i) The Sub-Adviser’s activities will at all times be in compliance in all material respects with all applicable federal and state laws governing its operations and investments, and in accordance with the Company’s compliance policies and procedures adopted thereby pursuant to Rule 38a-1 under the Investment Company Act, and the Sub-Adviser’s own compliance policies and procedures adopted thereby pursuant to the Advisers Act, in each case as applicable to its activities hereunder with respect to the Net Allocated Assets (the “Compliance Policies”). (ii) The Sub-Adviser shall provide, within a reasonable time agreed upon by the parties, the Adviser, the Company or the Board with such information and assurances (including certifications and sub-certifications) and with such assistance as the Adviser, the Company or the Board may reasonably request from time to time in order to assist it in complying with applicable laws, rules, regulations and exemptive orders, including requirements in connection with the Adviser’s, the Sub-Adviser’s or the Board’s fulfillment of its responsibilities under Section 15(c) of the 1940 Act (in such form and frequency as the Adviser and Sub-Adviser mutually agree). (iii) The Sub-Adviser shall use commercially reasonable efforts to provide the Adviser and its affiliates with any information the Adviser needs for the preparation and/or filing of periodic and other reports and filings required to maintain the registration and qualification of the Company, or to meet other reporting, regulatory or tax requirements applicable to the Company, under federal and state, and foreign securities, commodities and tax laws and other applicable laws. (iv) The retention of the Sub-Adviser by the Adviser as contemplated by this Agreement is permitted under the Sub-Adviser’s governing documents. (v) The execution, delivery and performance of this Agreement do not violate any obligation by which the Sub-Adviser or its property is bound, whether arising by contract, operation of law or otherwise. (vi) This Agreement has been duly authorized by appropriate action of the Sub-Adviser and when executed and delivered by the Sub-Adviser will be a legal, valid and binding obligation of the Sub-Adviser. (vii) The Sub-Adviser is registered as an investment adviser under the Investment Advisers Act of 1940 and is duly registered and/or licensed with all other regulatory bodies necessary or appropriate to perform its obligations under this Agreement. (viii) The Sub-Adviser is not prohibited by the Investment Adviser Act of 1940 or other law, regulation or order from performing the services contemplated by this Agreement.

  • Independent Manager Notwithstanding anything to the contrary in the certificate of formation or limited liability company agreement of the Depositor, the Depositor shall ensure that at least one manager of the Depositor shall be an Independent Manager.

  • Successor Agreement The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly in writing on or prior to the effective date of such succession and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no succession had taken place. Failure of the successor to so assume as provided herein shall constitute a breach of this Agreement and entitle Executive to the payments and benefits hereunder as if triggered by a termination of Executive by the Company other than for Cause on the date of such succession.