VARIANCE POWER definition

VARIANCE POWER. The Fund is protected from obsolescence. The Foundation’s Board of Directors has the authority to modify any restriction or condition on the distribution of funds for any specified charitable purposes if in the sole judgment of the board, such restrictions or conditions become, in effect, unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community or area being served. This provision is consistent the Foundation Board’s variance power as set forth in tax regulations, 1.170A-9(e)(11)(V)(B), (C) and (D).
VARIANCE POWER. All funds established at WCCF are subject to WCCF’s “Variance Power.” The Variance Power gives WCCF’s Board the authority to modify any restriction or condition on the distribution of funds for any qualified specified purposes or to specified organizations if in the sole judgment of the Board (without the necessity of approval of any other trustee, custodian, or agent of WCCF), the restriction or condition becomes, in effect, unnecessary,
VARIANCE POWER. The Board of Trustees shall have the power to modify any donor recommendation, restriction or condition on the distribution of funds for any specified charitable purpose or to specified organizations, if in the Board’s sole judgment (without the approval of any trustee, custodian or agent), such restriction or condition becomes, in effect, unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community served. AGREED: Date Xxxx X. Xxxxx Date Xxxx X. Xxxxx COMMUNITIES FOUNDATION OF TEXAS: Date Xxxxxx Xxxxx Xxxxx, Chief Relationship Officer In order for Communities Foundation of Texas (“CFT”) to provide exemplary service, act as a wise steward of resources, and serve as a trusted partner for community knowledge and collaboration with the funds under its control, all Donor(s) must agree with the following terms:

Examples of VARIANCE POWER in a sentence

  • VARIANCE POWER All funds established at the Foundation are subject to the Foundation’s “variance power,” as set forth in its Bylaws.

  • SECTION 7.2 MONITORING FUNCTION AND VARIANCE POWER The Board of Directors shall periodically evaluate all Agency Endowment Funds.

  • SECTION 3.2 MONITORING FUNCTION AND VARIANCE POWER The Siouxland Community Foundation will monitor the performance of the designated charitable organizations to determine that grants from the fund are used for purposes consistent with the Foundation's charitable purposes and the Donor's intention as stated in the Fund Agreement.

  • SECTION 4.2 MONITORING FUNCTION AND VARIANCE POWER The Board of Directors shall periodically evaluate all Field of Interest Funds.

  • Gridcore shall make sure that such measures are made on time and in way so that the disturbance can be limited.

  • SECTION 8.3 MONITORING FUNCTION AND VARIANCE POWER The Siouxland Community Foundation will monitor the performance of the recipient charitable organizations to determine that grants from the fund are used for purposes intended, are consistent with the Foundation's charitable purposes, and the Donor(s) intent as stated in the Fund Agreement.

Related to VARIANCE POWER

  • explosive powered tool means a tool that is activated by an explosive charge and that is used for driving bolts, nails and similar objects for the purpose of providing fixing;

  • Reactive Power means the wattless component of the product of voltage and current, which the Facility shall provide to or absorb from the Grid System within the Technical Limits and which is measured in MVAR;

  • net power means the power obtained on a test bench at the end of the crankshaft or its equivalent at the corresponding engine speed with the auxiliaries and equipment listed in Table 1 of Annex 4 to this Regulation, determined under reference atmospheric conditions;

  • Station Power means energy used for operating the electric equipment on the site of a generation facility located in the PJM Region or for the heating, lighting, air-conditioning and office equipment needs of buildings on the site of such a generation facility that are used in the operation, maintenance, or repair of the facility. Station Power does not include any energy (i) used to power synchronous condensers; (ii) used for pumping at a pumped storage facility; (iii) used in association with restoration or black start service; or (iv) that is Direct Charging Energy.

  • Limited lines producer means a person who sells, solicits, or negotiates limited lines insurance.

  • second authority means the authority to which a mover is liable to make payments for the new dwelling;

  • Road authority means each governmental agency with jurisdiction over public streets and highways. Road authority includes the department, any other state agency, and intergovernmental, county, city, and village governmental agencies responsible for the construction, repair, and maintenance of streets and highways. When a street railway operates or seeks to operate a street railway system over public streets and highways over which more than 1 road authority possesses jurisdiction, road authority includes each road authority with jurisdiction over public streets and highways upon which the street railway operates or seeks to operate a street railway system.

  • Peak tube potential means the maximum value of the potential difference across the x-ray tube during an exposure.

  • NPCI means the National Payments Corporation of India.

  • resolution power means any statutory write-down, transfer and/or conversion power existing from time to time under any laws regulations, rules or requirements relating to the resolution of the Issuer or any other entities of the Group, including but not limited to any laws, regulations, rules or requirements implementing the BRRD and the SRM Regulation.

  • prescribed authority means the authorities specified in Rule 12 of Plastic Waste Management and Handling Rules, 2016, and Commissioner, Municipal Corporations, Chief Executive Officer/Executive Officer, Urban Local Bodies ;

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • relevant power means any power, whether exercisable by voting or otherwise and whether excisable alone or in association with others-

  • Authorizations means all filings, recordings, and registrations with, and all validations or exemptions, approvals, orders, authorizations, consents, franchises, licenses, certificates, and permits from, any Governmental Authority.

  • Lead Authority means the local authority appointed by the Parties under this agreement to lead on a particular function in accordance with Clause 12.

  • Market power means the ability to impose on customers a sustained price for a product or service above the price that would prevail in a competitive market.

  • Sell Authorization means that Open Ecosystem Partner needs to meet specific training and qualification requirements for each product included in an “On Premise” Product Family that Open Ecosystem Partner wants to resell as set out in detail in the Open Ecosystem Program Guide.

  • Project Buyer means the City’s employee assigned to serve as the contact person for Bidders/Sellers responding to Invitations For Bid or completing contracts herein.

  • Open burning means the combustion of any material without the following characteristics:

  • NZOC means the New Zealand Olympic Committee Incorporated.

  • Power Station means the generating station as described in Recital A or a Unit thereof, and shall include the Dedicated Transmission System, Project Assets, Project Facilities;

  • Licenses means all licenses, permits, certificates of authority, authorizations, approvals, registrations, franchises, and similar consents granted or issued by any Person and are associated with or necessary to operate the Company and/or used in connection with the Business.

  • Radio frequency identification (RFID means an automatic identification and data capture technology comprising one or more reader/interrogators and one or more radio frequency transponders in which data transfer is achieved by means of suitably modulated inductive or radiating electromagnetic carriers.

  • Appropriate Authority(ies) means the U.S. State Department, the government authority(ies) in the Covered Person’s Home Country or Country of Residence or the government authority(ies) of the Host Country.

  • Seller Parties has the meaning set forth in the preamble to this Agreement.

  • Design torso angle means the angle measures between a vertical line through the "R" point and the torso line in a position which corresponds to the design position of the seat-back established by the vehicle manufacturer;