Restricted Gifts. During the period between the date of this Disaffiliation Agreement and Closing, the Parties shall work together to identify any restrictions or change of control provisions in gifts, grants, endowments, restricted accounts and similar funds available or pledged to the Local Church. The Parties shall cooperate to determine any actions that may be necessary, including without limitation any consent or acknowledgment from the grantor of such funds, in order that such funds, resources or pledges will not be adversely affected by the disaffiliation of the Local Church. The Local Church, after disaffiliation, shall treat such funds and any future bequests or other gifts received in the pre-disaffiliation name of the Local Church, consistent with requirements of law and such donor’s direction in the written gift instrument, as restricted for the church related operations and activities as conducted by the Local Church.
Restricted Gifts. During the period leading up to the Disaffiliation Date, Local Church and PNWACUMC shall work together to identify and review any gifts, grants, donations, endowments, and memorial bequests to Local Church that are dedicated or restricted as to use or subject to reversion, change of control, or similar provisions, to ensure compliance with all restrictions particular to United Methodism and to determine any actions that are necessary, such as the consent or acknowledgment of the donor, to assure that the assets will not be adversely affected by the disaffiliation of Local Church. Local Church shall treat all dedicated and restricted funds and property received by it before the date of this Agreement, or subsequently received by it in its pre-disaffiliation name, in accordance with requirements of applicable law and the provisions of any written direction of the donor regarding the use of the funds or property.
Restricted Gifts. All gifts restricted for a specific library service will be initially authorized by the County Librarian, subject to Library Board of Directors approval when required under Library policies, and then accepted by the Foundation. The Foundation agrees to administer such gifts in accordance with the restrictions imposed by the donor or donors.
Restricted Gifts. The parties acknowledge that funds may be contributed subject to Donor conditions requiring the application of such funds to specific Projects. Such funds are referred to as “Restricted Gifts”. All other funds held in the Aggregation Account are referred to as “Unrestricted Funds.” CI will deposit all Restricted Gifts in the Aggregation Account, but shall treat such Gifts as separate funds on its books and shall disburse such Gifts as follows:
Restricted Gifts. The term “Restricted Gifts” shall mean and include those gifts that are restricted in their use or application as a result of terms or conditions created by the donor, other than gifts restricted for the general use of the Diocese or a Related Institution. A Restricted Gift is always a Complex Gift.
Restricted Gifts. (a) The Institution agrees that it shall deliver to the Issuer a certificate of an Authorized Officer of the Institution satisfactory to an Authorized Officer of the Issuer setting forth and representing (i) the amount of Restricted Gifts theretofore received in connection with the NYMC Project, (ii) that all of such amount has been or will be spent on the NYMC Project or will be otherwise applied in a manner for which the Institution provides a Favorable Opinion of Bond Counsel addressed to the Issuer and the Trustee; (iii) that such amount shall not be reimbursed from the proceeds of the sale of the Series 2020A Bonds, (iv) whether the Institution reasonably expects to receive while Series 2020A Bonds are Outstanding any additional Restricted Gifts and
Restricted Gifts. Restricted Gifts will be accepted for the designated purpose (i) upon approval by the President/CEO; and (ii) provided that the intended purpose is in accordance with existing NHA policy and mission.
Restricted Gifts. Subject to the terms of this Policy, the Diocese or a Related Institution may accept Restricted Gifts in its own discretion, provided, however, that any such gift that falls into one of the categories described below shall be referred to the Chief Financial Officer of the Diocese (or such other person as the Trustee shall from time to time designate) (the “CFO”) for review prior to acceptance. Upon any such referral, the GIFT ACCEPTANCE POLICY POLICY D – 3.1 PAGE 6 OF 11 CFO shall review the offered gift and promptly determine that either (1) the gift is suitable for acceptance, or (2) the gift is not suitable for acceptance without the explicit prior approval of the Gift Acceptance Committee. Gifts in the following categories must be referred to the CFO prior to acceptance:
Restricted Gifts. The Diocese and Related Institutions acknowledge the right of donors to restrict the use of gifts for appropriate purposes and, if accepted in accordance with this Policy, agree to at all times use Restricted Gifts for their designated purpose. Gifts by or through Trusts • Neither the Diocese nor any Related Institution may act as sole trustee for any trust but may serve as co-trustee, to the extent permitted by law, if the donor selects an institutional trustee for primary custody and management of the assets placed in the trust, and the Diocese or such Related Institution is the sole irrevocable beneficiary. • All fees for establishing a trust will be paid for by the donor. Ongoing fees will be paid by the donor or the trust itself, as appropriate. • Any decision to serve as a co-trustee must be approved by the Gift Acceptance Committee. Charitable Gift Annuities • Charitable Gift Annuities may only be accepted if the payout rates for a “Single Life Annuity” or “Two Life Annuity” agreement does not exceed those suggested by the American Council on Gift Annuities as updated on their website – xxx.Xxxx-xxx.xxx.
Restricted Gifts. Subject to the terms of this Policy, the Diocese or a Related Institution may accept Restricted Gifts in its own discretion, provided, however, that any such gift that falls into one of the categories described below shall be referred to the Chief Financial Officer of the Diocese (or such other person as the Trustee shall from time to
