Common use of Fund Duration Clause in Contracts

Fund Duration. The Fund is not perpetual. It is anticipated that the principal and earnings of the Fund will be distributed, committed, granted or expended, provided, however, that all such distributions, commitments, grants or expenditures shall be in accordance with paragraph (e) below.

Appears in 3 contracts

Sources: Donor Advised Fund Agreement, Donor Advised Fund Agreement, Donor Advised Fund Agreement

Fund Duration. The Fund is not perpetual. It is anticipated that the principal and earnings of the Fund will be distributed, committed, granted or expendedexpended until fully depleted, provided, however, that all such distributions, commitments, grants or expenditures shall be in accordance with paragraph (ed) below.

Appears in 2 contracts

Sources: Non Endowed Agency Fund Agreement, Non Endowed Agency Fund Agreement