Endowment Care Fund definition

Endowment Care Fund means the trust fund established by the cemetery for the purpose of care and maintenance of the cemetery grounds and improvements thereon.
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Endowment Care Fund means that legal entity formed pursuant to applicable California Regulation which holds cash and cash equivalents and marketable securities which are segregated and maintained by Seller as reflected in the Books and Records, and as required by California law to provide for the continuing care and maintenance of the Cemetery.
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Endowment Care Fund means a fund created pursuant to 16
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Examples of Endowment Care Fund in a sentence

  • Unrealized capital gains and losses, if any, shall be recorded as an adjustment to the fair market value of the Endowment Care Fund.

  • All realized capital gains and losses shall be recorded to corpus, which is the sum of deposits made by a Cemetery Authority into an Endowment Care Fund pursuant to Section ▇▇-▇▇-▇▇▇.

  • Developed Pre-Developed Lot Lawn Crypt Mausoleum Niche Other Description of Interment Right(s): Number of Interment Rights Sold: GUARANTEED MERCHANDISE AND SERVICES NON-GUARANTEED CASH ADVANCE ITEMS Interment Rights (Including $ Endowment Care Fund) We charge you for our services in obtaining the items designated with an Memorialization - Type: asterisk (*) below: Size: Design: 1.

  • A list of trust funded Preneed Agreements and the Preneed Trust Funds allocated to those Preneed Agreements and the Endowment Care Fund balances held in relation to interment right sales (the “Trust Accounts”).

  • Association shall establish a Special Care Fund within its irrevocable Endowment Care Fund in accordance with the provisions of California Health and Safety Code Section 8725 et seq.

  • Such deposit to the Endowment Care Fund shall be in trust with an established State or National bank or savings and loan association licensed in this State as Trustee and in accordance with the applicable laws governing such Endowment Care Fund, and the net income from the Endowment Care Fund shall be used solely for the continuing care and maintenance of the developed cemetery and to pay such costs as may be reasonably necessary for the administration of the Endowment Care Fund.

  • In the event of the death of either the Purchaser or Co-Purchaser prior to payment in full, all payments made by Purchaser shall be applied to the Interment Right being used in the following order: First, to the Finance Charge; next, to the Interment Right; then to the Endowment Care Fund; and finally, to Merchandise and Services All payments made by the Purchaser shall be applied in the same order as stated above.

  • Association shall establish a Special Care Fund within its irrevocable Endowment Care Fund in accordance with the provisions of the California Health and Safety Code Sections 8725 et seq.

  • Between the date of this Agreement and the Closing Date, Seller and Buyer shall cooperate with one another to arrange for the resignation and replacement of all Trustees of the Endowment Care Fund to be effective on and as of the Closing Date.

  • Seller hereby binds itself to maintain the interment spaces or other interment facilities described herein, and to deposit from payments received hereunder the amounts required by law to an Endowment Care Fund created for the continual maintenance of all developed cemetery property without further assessment to Purchaser.