Use of “Fund. In the event “Fund” as used in this Agreement refers to Portfolios listed on Schedule B, notwithstanding such use, the Investment Company bears to the extent permitted by law all responsibilities, obligations, liabilities and duties of all such Portfolios to the extent not performed by such Portfolios.
Use of “Fund. In the event "Fund" as used in this Agreement refers to Portfolios listed on Exhibit A, notwithstanding such use, the Investment Company bears to the extent permitted by law all responsibilities, obligations, liabilities and duties of all such Portfolios to the extent not performed by such Portfolios.
Use of “Fund. Except as otherwise provided herein, the Fund shall serve as the exclusive investment vehicle for amounts held under this Plan. By executing an Adoption Agreement, each participating Employer shall agree to accept the terms and conditions of Fund investments set forth herein and to invest all Deferrals and Transfers with respect to its Employees in the Fund. Except as otherwise authorized by the Board, Fund investments shall be restricted to participating Employers that have adopted this Plan.
Use of “Fund. The principal and net income, if any, of the Fund (hereinafter called the “Fund Assets”) shall be defined and distributed in accordance with established Foundation policies and procedures upon the following terms and conditions:
1. In making its gifts, the Donor’s purpose is to remove a financial burden from students enrolled as an Engineering major at the ABC College of Engineering, thereby helping recipients stay in the College and complete a bachelor’s degree.
2. The Fund Assets shall be used to directly repay awardees’ subsidized federal student loans up to a total of Twenty Thousand Dollars ($20,000.00) per student to a minimum of three students who will be identified in their sophomore or first semester junior years.
3. The award shall be offered only if the student is initially enrolled full-time and completes a bachelor’s degree in engineering within six (6) years of matriculation. It shall be paid directly to the student’s lender(s) within six months of the student’s graduation and shall be applied against the outstanding balance(s) of the student’s subsidized federal student loan(s).
4. First priority for the award shall be female engineering students of Hispanic descent. Awardees will preferably be immigrants or daughters of immigrants who have sophomore or first semester junior academic standing. Additional preference may be given to participants who may be involved with SWE or SHPE and/or in a federal work- study job on campus, and/or those acting as tutors or mentors to other students. This award is not to be based on academic accomplishment as a primary criterion: no minimum GPA is required of recipients, and the award is not to be based on a GPA.
5. The Xxxx of Engineering, or designee, shall determine the recipients and, at the time of graduation, the amounts of the awards, subject to the approval of appropriate University officials. The amount of each award shall be equal to the balance of the student’s subsidized federal student loan(s) at the time of graduation, subject to a maximum per student of Twenty Thousand Dollars ($20,000.00) as noted above.
6. Any funds remaining in the Fund Assets after three students have received awards may go to additional students, as specified in this Agreement, until the Fund Assets are depleted. The initial Fund Assets shall be fully disbursed within seven (7) years of the date of this Agreement. Any subsequent gifts shall be under the same terms as the initial gift, with funds fully disbursed within se...
Use of “Fund. Except as otherwise provided in this Section, all amounts on deposit in the Reserve Fund shall be used and withdrawn by the Fiscal Agent solely for the purpose of making transfers to the Interest Account and the Principal Account of the Bond Fund in the event of any deficiency at any time in either of such accounts of the amount then required for payment of the principal of and interest on the Bond or, in accordance with the provisions of subsection (D) and subsection (F) of this Section 4.03, for the purpose of redeeming Bond.
Use of “Fund. The loan under this Contract shall be offered in full and at one time.
Use of “Fund. Except as otherwise provided in this Section, all amounts deposited in the Reserve Fund shall be used and withdrawn by the Fiscal Agent solely for the purpose of making transfers to the Bond Fund in the event of any deficiency within five days prior to any Interest Payment Date in the Bond Fund of the amount required for payment of the principal of, and interest on, the respective Series of Bonds on such Interest Payment Date. Whenever transfer is made from the Reserve Fund to the Bond Fund due to a deficiency in the Bond Fund, the Fiscal Agent shall provide written notice thereof to the Treasurer and the Finance Director.
Use of “Fund. FOR THE PAYMENT OF GOVERN- MENT LOSSES IN SHIPMENT.—The fund described in section 17303 of this title is available to pay any obligation arising out of an agreement the Secretary makes under this section. (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1282.) Historical and Revision Notes 17306(a) ...... 40:729(a) (last sen- July 8, 1937, ch. 444, § 7(a) tence). (last sentence), 50 Stat. 480; Aug. 10, 1939, ch. 665, § 3, 53 Stat. 1359. 17306(b) ...... 40:725 (1st sentence July 8, 1937, ch. 444, § 3b, as words before pro- added Aug. 10, 1939, ch. 17306(c) ...... viso). 40:725 (1st sentence 665, § 2, 53 Stat. 1359. proviso). 17306(d) ...... 40:725 (last sen- tence). An executive department, independent estab- lishment, agency, wholly owned Government corporation, officer, or employee may expend money, or incur an obligation, for insurance, or for the payment of premiums on insurance, against loss, destruction, or damage in the ship- ment of valuables only as specifically authorized by the Secretary of the Treasury. The Secretary may give the authorization if the Secretary finds that the risk of loss, destruction, or dam- age in the shipment cannot be guarded against adequately by the facilities of the Federal Gov- ernment or that adequate replacement cannot be provided under this chapter. (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1282.) Historical and Revision Notes 17307 .......... 40:726. July 8, 1937, ch. 444, § 4, 50 Stat. 480. The words ‘‘On and after the effective date of the reg- ulations prescribed under section 721 of this title’’ are For purposes of the propriety of an act or omission related to a shipment to which the reg- ulations prescribed under section 17302 of this title apply, every officer and employee of the Federal Government and every individual acting on behalf of a wholly owned Government cor- poration who makes a shipment of valuables in good faith under, and substantially in accord- ance with, the regulations is deemed to be act- ing in the faithful execution of the officer’s, em- ployee’s, or individual’s duties of office and in full performance of any conditions of the offi- cer’s, employee’s, or individual’s bond and oath of office. (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1283.) 17308 .......... 40:727. July 8, 1937, ch. 444, § 5, 50 Stat. 480.
Use of “Fund. In the event "Fund" or “Funds” as used in this Agreement refers to the series of the Investment Company listed on Schedule B, notwithstanding such use, the Investment Company bears to the extent permitted by law all responsibilities, obligations, liabilities and duties of all such series to the extent not performed by such series; provided, however, that because each Fund has separate assets and liabilities, no Fund shall be subject to the liabilities or obligations specifically related to another Fund.
Use of “Fund. (a) The commissioner may use money in the Minnesota forward fund account to make grants and loans to businesses that are making large private capital investments in existing and new industries. The commissioner may also use money in the fund to make grants to communities and higher education institutions to support such capital investments and related activities to support the industries. Money may be used to address capital needs of businesses for machinery and equipment purchases; building construction and remodeling; land development; water and sewer lines, roads, rail lines, and natural gas and electric infrastructure; and working capital. Money in the fund may also be used for administration and monitoring of the program and to pay for the costs of carrying out the commissioner's due diligence duties under this section.
(b) The commissioner may use money in the fund to make grants to a municipality or local unit of government for public and private infrastructure needed to support an eligible project under this section. Grant money may be used by the municipality or local unit of government to predesign, design, construct, and equip roads and rail lines; acquire and prepare land for development; and, in cooperation with municipal utilities, to predesign, design, construct, and equip natural gas pipelines, electric infrastructure, water supply systems, and wastewater collection and treatment systems. The maximum grant award per local unit of government under this section is $7,500,000 or no more than 50 percent of the total infrastructure project.
