Designated Funds Sample Clauses

Designated Funds. After the date of this amendment, all references to "Designated Funds" in the Agreement shall be deemed to refer to the "Funds."
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Designated Funds. Certain funds of FBC are “designated” for a particular purpose. Designated funds will be used for the purposes designated, and otherwise in accordance with applicable law, unless a release, change, or waiver of designation occurs through proper legal action.
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Designated Funds. Designated funds can only be established for the benefit of qualified public benefit organizations. If that organization ceases to exist or dramatically changes its charitable purpose, the Community Foundation will use its variance power to find a similar organization which matches the donor’s intent. Should the donor request that an organization be changed, such request, must be provided, in writing, to the Community Foundation.
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Designated Funds. Interest, dividends and any other investment income on Designated Funds will be available to be spent for uses appropriate to the individual fund designations and /or donor instructions. All such expenditures will be approved by the Committee or any other Church group to which authority has been delegated. [An example would be the Scholarship Committee.] Undesignated Funds: • Interest, dividends and any other investment income on Undesignated Funds will be transferred to an Endowment Interest & Gifts account and will be available for any use approved by the Committee. All such uses shall be consistent with the terms of this agreement.
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Designated Funds. A Designated Fund holds assets to be used for one or more 501(c)(3) charities. A donor with particular interest in or ties to a particular organization may establish a Designated Fund. Designated Funds may accept donations from others interested in supporting the specified organization(s). WCCF owns and manages each Designated Fund for the benefit of the organization(s) for which the Fund is established. The donor establishing the Fund may name the Fund (for example, the Xxxx Xxxxx Fund for the Salvation Army). WCCF actively monitors all organizations that receive grants from Designated Funds. If a beneficiary organization ceases to exist, loses its tax-exempt status, or changes its mission, WCCF’s Board may exercise its Variance Power to redirect the Fund to support an organization with a similar mission.
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Designated Funds. Donors establishing a designated fund may recommend that distributions of income from the fund be made to one or more 501(c)(3) public charities (i.e., non-private foundations), or to support one or more endowment funds established by 501(c)(3) public charities at the Three Rivers Community Foundation (collectively, “qualifying charitable recipients”). Please indicate the qualifying charitable recipients that you would like to receive distributions from the fund. In the case of nonprofit organization donors, please designated your organization and any other qualifying charitable recipients that you wish to receive distributions from the fund: Name of Organization Percentage Payable % % % % 100%
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Designated Funds. Designated funds are earmarked for one or more charitable organizations, and all grants made from such funds will be made to (or for the use of) the designated recipient organization. When establishing a designated fund, donors specify one or more organizations to receive a regular distribution from the fund in perpetuity. Such funds can be established by an outright gift during the donor's lifetime or through a planned gift such as a bequest, charitable gift annuity, remainder trust, etc. If the recipient organization ceases to exist or changes its status or mission as a charitable organization, the Foundation’s Board of Directors may exercise its variance power, selecting an alternate use for the fund compatible with its original charitable purpose.
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Designated Funds. Xxxxx Xxxxx VT Floating-Rate Income Fund As of March 1, 2005
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Designated Funds. To participate under either the AB or WB Plan, all Purchase Payments, including those invested through any optional program, must be invested in one or more of the Designated Funds during the entire term of the Plan. The Designated Funds are set forth in the Certificate Specifications. The Designated Funds are subject to change without prior notice, in which case future transfers or Purchase Payments may be allocated only to the Designated Funds then available. An allocation of Purchase Payments to other than a Designated Fund will result in cancellation of this Rider.
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Related to Designated Funds

  • Passive Foreign Investment Company The Company shall conduct its business, and shall cause its Subsidiaries to conduct their respective businesses, in such a manner as will ensure that the Company will not be deemed to constitute a passive foreign investment company within the meaning of Section 1297 of the Code.

  • Prohibited Transferees Notwithstanding the foregoing, no Key Holder shall transfer any Transfer Stock to (a) any entity which, in the determination of the Board of Directors, directly or indirectly competes with the Company; or (b) any customer, distributor or supplier of the Company, if the Board of Directors should determine that such transfer would result in such customer, distributor or supplier receiving information that would place the Company at a competitive disadvantage with respect to such customer, distributor or supplier.

  • Accredited Investor Status or Investment Limits Subscriber represents that either:

  • Regulated Investment Company Status During the 12-month period following the Closing Time, the Company will use its commercially reasonable efforts to qualify and elect to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) and to maintain such qualification and election in effect for each full fiscal year during which it is a business development company under the 1940 Act.

  • Disqualified Institutions (i) No assignment or participation shall be made to any Person that was a Disqualified Institution as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign or grant a participation in all or a portion of its rights and obligations under this Agreement to such Person (unless the Company has consented to such assignment or participation in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment or participation). For the avoidance of doubt, with respect to any assignee or Participant that becomes a Disqualified Institution after the applicable Trade Date (including as a result of the delivery of a notice pursuant to, and/or the expiration of the notice period referred to in, the definition of “Disqualified Institution”), (x) such assignee or Participant shall not retroactively be disqualified from becoming a Lender or Participant and (y) the execution by the Company of an Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Institution. Any assignment or participation in violation of this clause (e)(i) shall not be void, but the other provisions of this clause (e) shall apply.

  • Registered Investment Adviser The Sub-Adviser (i) is duly registered as an investment adviser under the Advisers Act and will continue to be so registered for so long as this Agreement remains in effect; (ii) is not prohibited by the 1940 Act or the Advisers Act from performing the services contemplated by this Agreement; (iii) has appointed a Chief Compliance Officer under Rule 206(4)-7 under the Advisers Act; (iv) has adopted written policies and procedures that are reasonably designed to prevent violations of the Advisers Act from occurring, and correct promptly any violations that have occurred, and will provide notice promptly to the Adviser of any material violations relating to the Fund; (v) has materially met and will seek to continue to meet for so long as this Agreement remains in effect, any other applicable federal or state requirements, or the applicable requirements of any regulatory or industry self-regulatory agency; and (vi) will promptly notify the Adviser of the occurrence of any event that would disqualify the Sub-Adviser from serving as an investment adviser of a registered investment company pursuant to Section 9(a) of the 1940 Act.

  • Eligible Assignee By its execution of this Agreement, each New Term Loan Lender represents and warrants that it is an Eligible Assignee.

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