Common use of MORALS CLAUSE Clause in Contracts

MORALS CLAUSE. Any serious act (including noncriminal acts) of misconduct by the DONOR or DONOR’s related parties, including but not limited to acts of dishonesty, theft, misappropriation of funds or property, moral turpitude, or any other action that is detrimental or unacceptable, may result in a unilateral termination of the AGREEMENT by the FOUNDATION.

Appears in 2 contracts

Sources: Testamentary Fund Agreement, Testamentary Fund Agreement