Purpose of the Fund. Except as permitted by the law, all money that is the subject of the Transfer, including all investment earnings thereon and gains realized thereof, but excluding all fees, charges, expenses and taxes charged to this Fund, shall be used to pay the Annuitant an income, the amount of which may vary annually, until the day on which the entire balance of the money in the Fund is converted into a Life Annuity. No money that is not locked-in may be transferred or otherwise held under this Fund.
Purpose of the Fund. The Trustee undertakes to hold such property (including cash) in trust and to pay to you and, if you so elect, to your spouse after your death, in each year commencing not later than the first complete calendar year after the year this agreement is entered into, an amount (herein called a “retirement income”) calculated according to the terms of the Act.
Purpose of the Fund. The Fund shall be used only for charitable, educational, scientific, literary, or religious purposes (including any combination of such purposes and administrative purposes) within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code) and in furtherance of the purposes of the Foundation, either directly by the Foundation or by contributions to other organizations for such purpose or purposes.
Purpose of the Fund. The purpose of the Fund is to conduct, operate and carry on the business of a management investment company registered under the 1940 Act, and to carry on such other business or businesses as the Trustees may from time to time determine pursuant to their authority under this Declaration of Trust. In furtherance of the foregoing, the Fund may do everything necessary, suitable, convenient, customary or proper for the conduct, promotion and attainment of any businesses and purposes which at any time may be incidental to, or may appear conducive or expedient for the accomplishment of the business of, an investment company registered under the 1940 Act, or any such other business or businesses as the Trustees may from time to time determine, and which may be engaged in or carried on by a statutory trust formed under the Delaware Act; and in connection therewith, the Fund shall have and may exercise all of the powers conferred by the laws of the State of Delaware upon a Delaware statutory trust.
Purpose of the Fund a. ACF shall hold the Fund and make grants in accordance with criteria outlined in Exhibit “A.”
Purpose of the Fund. Funds are used to support the presentation of papers (or creative works/performances) or participation in panels at academic conferences and/or attending relevant professional development opportunities. Eligible expenses include registration fees, transportation, accommodation, and per diem, in accordance with the University’s policy Travel – General.
Purpose of the Fund. The purpose of the Fund shall be as follows: (i) to issue units ("Units") evidencing ownership interest in the Fund; (ii) to receive, hold, invest, reinvest and disburse the monies received from the Fund participants ("Unitholders") upon the purchase of such Units; (iii) to receive, hold, invest, reinvest and distribute the net income and net capital gains, if any, realized by the Fund in the course of its assets; and (iv) to redeem and transfer Units.
Purpose of the Fund. The Fund must be purchased using all or part of the amount under clause 42(1)(b) of the Act or under paragraph 2 of subsection 67.3 (2) of the Act, or using all or part of the assets in a LIF, LIRA or LRIF. Except as permitted by the law, all money that is the subject of the Transfer, including all investment earnings thereon and gains realized thereof, but excluding all fees, charges, expenses and taxes charged to this Fund, shall be used to provide the Annuitant with periodic payments.
Purpose of the Fund. Subject to section 5 herein, all money that is the subject of the Transfer, including all investment earnings thereon but excluding all fees, charges, expenses and taxes charged to this Fund, shall be used to provide the Annuitant with periodic payments the amount of which may vary annually and the amount to be paid in a year may not be less than the minimum amount prescribed under subsection 146.3(1) of the Income Tax Act (Canada). The Annuitant shall not be allowed to make any additional contribution, and no money which is not locked-in may be transferred or otherwise held under this Fund.
Purpose of the Fund. Distributions from the Fund shall be disbursed to the Charitable Organization named below, a Florida nonprofit public benefit corporation, (i) described in Section 501(c)(3) of the Code and (ii) which is not a private foundation as defined in Section 509(a) of the Code. (“Designated Organization”). Designated Charitable Organization Name(s)
