Common use of Master Trust Clause in Contracts

Master Trust. The Fund shall be administered by the Trustee as a component part of the Foundation, a community trust, and shall be subject in all respects to the provisions and conditions set forth in the Resolution and Declaration of Trust creating the Foundation, adopted on October 14, 1919, and most recently amended and restated in its entirety on December 1, 1993, as it may hereafter be amended and restated from time to time (the “Master Trust”). Notwithstanding any provision contained in this Agreement to the contrary, the assets of the Fund shall not revert to the Grantor(s) or any other donor, or be used or applied for any purpose other than as provided in the Master Trust.

Appears in 2 contracts

Sources: Trust Agreement, Revocable Trust Agreement