Foundation Assets. LH shall use the existing assets of the Foundation consistent with each donor’s restrictions, if any. Further, the District and LH represent and warrant that the total amount of unrestricted donor assets held by the Foundation equals $6,980,147 as of June 2024, as evidenced on Schedule 3.1.5 hereto. LH agrees that within the first five (5) years following the Closing, LH shall cause the Foundation to deploy at least $6,980,147 to promote access to high-quality and affordable healthcare for Lee County residents. For purposes of clarity, assets pledged or donated to the Foundation after the Closing are not subject to the limitation of this Section 3.1.5.
Appears in 3 contracts
Sources: Mission Agreement, Mission Agreement, Mission Agreement