Xxxxxxxxxxxxxx Xxxxxxxx. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.
Xxxxxxxxxxxxxx Xxxxxxxx. Xxx Xepositor, as borrower on the Junior Subordinated Debt Securities, shall pay all expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.
Xxxxxxxxxxxxxx Xxxxxxxx. The College was formally inaugurated on 19.09.1968 by his Excellency the then Governor of Tamil Nadu, Xxxx XxxxxxXxxxx Xxxxx. The College owned and managed by the Cork Industries Charities Trust, caters to the needs of women students in and around South Chennai. WHERE AS:
i) HET is a public charitable trust registered under the Indian Trust Act, 1882 inter alia with an objective to impart Heartfulness approach that includes various wellness programmes such as relaxation, purging of the mind and meditation. Value-based educational programmes are made available to all who are willingly interested in individual development and wellbeing in Schools, Colleges, government organizations, corporate and so on. HET is also engaged in conducting various Teachers’ training programmes in collaboration with certain State Governments/ Education Institutions.
ii) SDNBVC is an Arts and Science College started with an intention to cater to the growing requirements of Higher Education of the region in general, and of Chengalpattu district, in particular. SDNBVC desires to provide and inculcate in its students, values and inner development in order for them to perform better as students and be leaders for growth in nation building.
iii) HET through its Heartfulness initiatives offer a way for balanced living through various meditation techniques. These simple and effective techniques gradually imbibe feelings of discipline, empathy, brotherhood, leading to mental, spiritual, and psychological well-being, helping an individual to transform not only inwardly but also his/ her attitudes, and dealings with society at large.
iv) SDNBVC intends to procure training and experiential learning services provided by HET on the terms agreed to herein, in order to stimulate and facilitate the development of programmes/modules which serve to enhance educational, social, spiritual & emotional development of students. Further, HET and SDNBVC in support of their interest in the field of education are desirous of promoting mutual cooperation by organizing and conducting educational workshops for mental, spiritual and psychological well-being of its students, and desire to extend the basis for friendly and cooperative collaboration by way of this MOU.
v) Initially, the Memorandum of Understanding was entered by the parties on17th March 2021 for a period of 2 years (TWO YEARS) and now the parties have decided to renew the Memorandum of Understanding for the stated purpose.
Xxxxxxxxxxxxxx Xxxxxxxx. 0 full time 2 full time 1 full time (supplemented by caretaker staff as required)
