Common use of Successor Advisors Clause in Contracts

Successor Advisors. Once a successor advisor to a donor advised fund becomes the primary advisor, they in turn can appoint their own successor advisors. There is no limit to the number of times an advisor can appoint a successor advisor for active funds.

Appears in 4 contracts

Samples: Donor Advised Fund Agreement, Fund Agreement, Donor Advised Fund Agreement

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Successor Advisors. Once a successor advisor to a donor donor-advised fund becomes the primary advisor, they in turn can appoint their own successor advisors. There is no limit to the number of times an advisor can appoint a successor advisor for active funds.

Appears in 2 contracts

Samples: Donor Advised Fund Agreement, Fund Agreement

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