Common use of Responsibility for Payments Clause in Contracts

Responsibility for Payments. Except as the Foundation, in accepting an addition to the Fund from any source, shall otherwise agree in writing, shall be responsible for the proper application of payments to it to such uses as individual donors may specify whether the same be from principal or income.

Appears in 1 contract

Sources: Charitable Fund Agreement

Responsibility for Payments. Except Except, as the Foundation, in accepting an addition to the Fund from any source, shall otherwise agree in writing, the Agency shall be responsible for the proper application of payments to it to such uses as individual donors may specify whether the same be from principal or income.

Appears in 1 contract

Sources: Fund Agreement