Creation and Capitalization of GRDF Sample Clauses

Creation and Capitalization of GRDF. MCC Funding will be used to capitalize a professionally and independently managed investment vehicle, to be known as the GRDF. MCC and MCA-Georgia have agreed to an indicative term sheet as of the date of this Compact (the “Indicative Term Sheet”), containing the proposed terms of the GRDF (including its investment policy guidelines and governance structure) and which will form the expected basis for preparation of the final investment guidelines, governance structure and investment management selection, compensation and agreement, and all other terms of the GRDF (the “Final Fund Documents”). Because the Indicative Term Sheet represents indicative but non- binding terms, the provisions in the Final Fund Documents may differ from, and will supersede, those in the Indicative Term Sheet. As a Condition Precedent to Disbursement for the GRDF, the Final Fund Documents must be acceptable in form and substance to both MCC and MCA- Georgia. The GRDF will include the following elements: