Creation of Fund. The fund hereby created shall be known as the Fund (the “Fund”). All money and property transferred to the Fund shall be an irrevocable gift to the Foundation.
Creation of Fund. In accordance with Sections 18-2147 of the Act, the Agency will create a special fund pursuant to the Resolution to collect, hold and disburse the TIF Revenues. TIF Revenues deposited into such special fund shall be used for no purpose other than to pay the principal of, interest, if any, and premium, if any, due on the Bonds issued pursuant to Section 3.02 above. The description and operation of such special fund shall be set forth in more detail in the Resolution.
Creation of Fund. Authority will create a special fund to collect and hold the TIF Revenues. Such special fund shall be used for no purpose other than to pay Bonds issued pursuant to Sections 3.03 above.
Creation of Fund. The CDA will create a special fund to collect and hold the receipts of the Tax Increment. Such special fund shall be used for no purpose other than to pay TIF Indebtedness on the TIF Notes issued pursuant to Section 3.03 above.
Creation of Fund. The Donor wishes to establish an unrestricted non-endowment fund and hereby donates the assets described in “Schedule 1” to this Agreement to ACF, a charitable organization described in sections 501(c)(3) and 509(a)(1) of the Internal Revenue Code. The Donor(s) understand that this is an irrevocable gift, which will be used to establish and maintain a charitable fund of the Foundation, subject to the Foundation’s governing documents and bylaws. The Foundation may also receive additional contributions to add to this Fund from the Donor(s) or other individuals or businesses as well as distributions of cash and/or marketable securities from trusts, xxxxx, private foundations or other donor advised funds to either initially fund or add to this Fund. The name of the Fund shall be the Fund (“Fund”) of The Alaska Community Foundation (“ACF”). The Fund is subject to ACF’s Gift and Fund Acceptance Policies, as amended from time to time, which are available upon request and are available to the public.
Creation of Fund. Upon signing this Agreement, the Donor has irrevocably transferred and delivered to the Foundation, and the Foundation has accepted and received, all of Donor’s right, title, and interest in and to the property described on Exhibit “A” attached hereto and made a part hereof, for the creation of a separate donor advised fund consisting of such initial contribution of property, any subsequent contributions thereto, and any and all income derived therefrom (the “Fund”). The Fund shall be known as the Fund. Under no circumstances may any part of the Fund revert to the Donor or provide the Donor with any direct or indirect pecuniary benefit. Neither the Donor nor any other person shall have any right or power to alter, amend, revoke or terminate this Agreement or any of the terms of this Agreement, except as may otherwise be provided in Paragraph 9 herein.
Creation of Fund. The Escrow Fund shall be available to compensate Parent pursuant to the indemnification obligations of the Target Holders. For purposes of this ARTICLE VII, each share of Parent Common Stock will be valued at Ten Dollars ($10.00) per share.
Creation of Fund. The Village will create a special fund to collect and hold the TIF Revenues. Such special fund shall be used for no purpose other than to pay TIF Indebtedness issued pursuant to Sections 3.02 and 3.03 above.
Creation of Fund. To carry out the purposes of this Agreement, the Fund is created, which Fund is formed, financed, organized, shall operate, and may be dissolved in accordance with the provisions of this Agreement and bylaws and any contract between the Fund and a Member. The principal office and situs of the Fund is located at 0000 Xxxxx xx Xxxxxxx, Santa Fe, New Mexico 87501.
Creation of Fund. The Donor and the Community Foundation hereby create The Truckee River Fund (the "Fund"). The Fund is established as a component part of the Community Foundation under Section 1.170A-9(e)(11) of the Treasury Regulations. TMWA and the Community Foundation agreethat nothing in this Agreement is to affect thestatus of the Community Foundation as an organization (a) that is described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code") and (b) that is not a private foundation within the meaning of Section 509(a) of the Code. This Agreement is to be interpreted in a manner consistent with the preceding provisions and in conformancewiththerequirements of theCodeandTreasury Regulationsfor"component parts" or "component funds" of a "community trust," as those terms are defined or used in Sections 1.170A-9(e)(10) and 1.170A- 9(e)(11) of the Treasury Regulations.
