Restricted Fund. All funds received for the Project will be held by Fiscal Sponsor and be restricted for the benefit of the Project. Unless otherwise agreed in writing, no funds may be managed via accounts not established or approved by Fiscal Sponsor.
Restricted Fund. A Financial Institution that qualifies as a restricted fund as described in relevant U.S. Treasury regulations, applying the procedures set forth in, or required under, Annex I in lieu of the procedures set forth in, or required under, Treasury Regulation section 1.1471-4, and applying references to “report” or “reports” in lieu of references in relevant paragraphs in those regulations to “withhold and report” or “withholds and reports”, provided that the Financial Institution provides to any immediate payor the information described in subparagraph 1(e) of Article 4 of the Agreement, or fulfills the requirements described in subparagraph 1(d) of Article 4 of the Agreement, as applicable.
Restricted Fund. On or after the Termination Date, Client will disburse Project funds and other assets as it determines is appropriate and consistent with charitable purpose and applicable tax and charitable trust laws, as contemplated by the Agreement.
Restricted Fund. Beginning on the grant disbursement date, The Foundation placed the grant designated for the Project into a restricted fund to be used for the sole benefit of the Project's mission.
Restricted Fund. The Charged Party shall retain $330,326.70 in a bank account (the Restricted Fund) separate from the Charged Party’s general treasury. No other funds shall be commingled with the monies placed in the Restricted Fund. The Charged Party may only apply funds placed in the Restricted Fund towards:
Restricted Fund. A Financial Institution that qualifies as a restricted fund as described in relevant U.S. Treasury regulations, applying the procedures set forth in, or required under, Annex I in lieu of the procedures set forth in, or required under, §1.1471-4 of applicable U.S. Treasury Regulations, and applying references to “report” or “reports” in lieu of references to “withhold and report” or “withholds and reports,” provided that the Financial Institution provides to any immediate payor the information described in subparagraph 1(e) of Article 4. Notwithstanding the preceding sentence, a Financial Institution that qualifies as a restricted fund and that is acting as a qualified intermediary, a withholding partnership, or a withholding trust as described in Article 4(1)(e) of the Agreement may be required to withhold on withholdable payments pursuant to the U.S. Internal Revenue Code.
Restricted Fund. Beginning on the effective date, UCP shall place all gifts, grants, contributions, and other revenues received for the purposes of the Project into a restricted fund to be used for the sole benefit of the Project's purpose. Neither party shall spend or otherwise obligate UCP to pay for an amount exceeding the balance in the restricted fund. The parties agree that all money and the fair market value of all property in the restricted fund be reported as the income of UCP on their financial statements and tax returns.
Restricted Fund. Beginning on the Effective Date, Client will place all gifts, grants, contributions, and other revenues received by Client and identified with the Project into a restricted fund to be used for the sole benefit of the Project’s mission as that mission may be defined by the Committee from time to time with the approval of Client. Client retains the unilateral right to spend such funds to accomplish the purposes of the Project as nearly as possible within Client’s sole judgment, subject to any donor-imposed restrictions as to purpose on the charitable use of such assets.
Restricted Fund. Beginning on the effective date, the Sponsor shall place all gifts, grants, contributions, and other revenues received by the Sponsor for the purposes of the Project into a restricted fund to be used for the sole benefit of the Project’s execution. The Committee may not spend or otherwise obligate the Sponsor to pay for an amount or amounts exceeding the balance in the restricted fund, nor shall the Committee authorize or permit anyone to do so.
Restricted Fund. Sponsor has created and will maintain a restricted fund, to be known as the ABC Coalition Restricted Fund (the "Restricted Fund"), designated to provide support solely for Approved Projects. Sponsor will deposit all funds it receives in respect of the Coalition, including, without limitation, grants, gifts, donations, fees from Members, and Note: This document does not reflect or constitute legal advice. This is a sample made available by the Organizations and Transactions Clinic at Stanford Law School on the basis set out at xxxxxxxxxxxxxxxxxx.xxx.xxxxxxxx.xxx. Your use of this document does not create an attorney-client relationship with the Clinic or any of its lawyers or students. interest on such amounts, to the Restricted Fund. Sponsor will manage such funds prudently.
