Common use of Inactive Funds Clause in Contracts

Inactive Funds. If a Fund shows no activity (grants or contributions) for three years or more, the Federation will attempt to contact the Primary Advisor(s), other Fund Advisor(s), and/or any Interested Parties. If the Fund remains inactive for another year after this notification, and the Fund is inactive for a total of four years, the Fund may be closed and the Fund assets may be distributed according to this agreement.

Appears in 4 contracts

Samples: Agreement Is, Agreement Is, Agreement Is

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