Duration of the Fund Sample Clauses

Duration of the Fund. The Fund shall terminate no later than: The date of the death of the Donor, or The date of death of the survivor of the Donor and the Donor’s spouse. Upon termination of the Fund, all remaining assets in the Fund shall be transferred to the General Fund of the Foundation; provided, however, if the Fund shall have a value of $25,000.00 or more at the time of such termination, the Trustees in their discretion may continue the Fund thereafter as a separate memorial fund under the name Fund, a fund already created in The Spartanburg County Foundation, which fund shall be administered by the Foundation under the same terms applicable to “The General Fund” of the Foundation.
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Duration of the Fund. The Donors intend for the Fund, including all realized and unrealized capital appreciation and depreciation generated by the Fund, to exist in perpetuity with the accumulated “Payout” being made available to support the “Purpose of the Fund” as described in Paragraph 1 above. The “Payout,” a percentage of the fair market value of the Fund as determined from time to time by the University of Arizona Foundation, prior to its expenditure, will be maintained in a separate University Account solely for the benefit of the Purpose of the Fund. The “Payout,” which may from time to time exceed the “net income” (interest, dividend, and any other current income less applicable expenses) generated by the Fund, will be distributed monthly, and will be so distributed in full even if the fair market value of the Fund falls below its historic dollar value (the value of the gift) unless the University makes a determination to the contrary.
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Duration of the Fund. The Departments’ intent for the Fund, including all realized and unrealized capital appreciation and depreciation generated by the Fund, is to exist for a minimum of five years. The accumulated “Payout” and less than 10% of the principal (corpus) in any given fiscal year will be made available to support the “Purpose of the Fund” as described in Paragraph 1 above. The “Payout,” a percentage of the fair market value of the Fund as determined from time to time by the University of Arizona Foundation, prior to its expenditure, will be maintained in a separate University Account solely for the benefit of the Purpose of the Fund. The “Payout,” which may from time to time exceed the “net income” (interest, dividend, and any other current income less applicable expenses) generated by the Fund, will be distributed monthly, and will be so distributed in full even if the fair market value of the Fund falls below its historic dollar value (the value of the gift) unless the University makes a determination to the contrary.
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Duration of the Fund. The duration of the Fund shall be eight years from the establishment date of the Fund; the investment period of the Fund shall be earlier of (i) the fourth anniversary of the business registration date of the Fund, or (ii) the date when all capital contribution of the Fund has been paid up in full and used as agreed; and the payback period of the Fund is the remaining duration of the Fund commencing from the date immediately after the expiration of the investment period. The investment period or the payback period of the Fund may be extended by resolution of the partners. CMVCGP may extend the duration of the Fund, if so, CMVCGP shall notify all partners in writing, and be authorized to sign the relevant legal documents on its own and/or on behalf of the limited partners and be responsible for the industrial and commercial change procedures (if involved).
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Duration of the Fund. The Trust constituted by this Deed shall be for a period of ninety nine (99 ) years, subject only to the provisions for termination as are herein contained.
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Duration of the Fund. If the purpose for which the Fund has been instituted becomes impossible to perform or impractical to the extent that the University is unable to use the support generated by the Fund under the existing terms of the Agreement or if the University President concludes that carrying out the purpose exposes the University to an unacceptable risk of legal exposure, the Foundation shall consult with the Donor to modify the Fund. If the Donor is not available, the Foundation’s President, in consultation with the University Official and the University President, may recommend to the Foundation’s Board of Trustees for approval an alternative purpose for the Fund as close to and consistent with the Donor’s original intent as it can at that time devise.
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Duration of the Fund. The Department intends for the Fund, including all realized and unrealized capital appreciation and depreciation generated by the Fund, to exist in perpetuity, except in the events described in Paragraph 9 below. The accumulated “Payout” and less than 10% of the principal (corpus) in any given fiscal year will be made available to support the Purpose of the Fund as described in Paragraph 1 above. The Payout, a percentage of the fair market value of the Fund as determined from time to time by the University in collaboration with the University of Arizona Foundation (the “Foundation”) under the Delegation Statute allowed in Paragraph 3, prior to its expenditure, will be maintained in a separate University Account solely for the benefit of the Purpose of the Fund. The Payout, which may from time to time exceed the net income (interest, dividend, and any other current income less applicable expenses) generated by the Fund, will be distributed monthly, and will be so distributed in full even if the fair market value of the Fund falls below its historic dollar value (the value of the gift), unless the University in collaboration with the Foundation makes a determination to the contrary.
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Duration of the Fund 
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Related to Duration of the Fund

  • DURATION OF THE COMPANY The Company shall continue in perpetuity unless terminated sooner by operation of law or by decision of the Member.

  • Compensation of the Investment Manager 4.1 For the services to be rendered as provided herein, the Adviser shall pay to the Investment Manager for each month of the Fund’s fiscal year on the last day of each such month a fee based upon the average daily net assets of the Account, as determined pursuant to the Fund’s Registration Statement, at the following annual rate as a percentage of the Account's average daily net assets:

  • Compensation of the Manager For the services to be rendered by the Manager as provided in this Agreement, the Fund shall pay to the Manager a fee computed on the aggregate net asset value of the Portfolio as of the close of each business day and payable monthly at the annual rate of 0.20%. In the event that this Agreement is terminated at other than a month-end, the fee for such month shall be prorated, as applicable.

  • Compensation of the Adviser For all of the services to be rendered and payments to be made as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee at the annual rate of 1.50% of the average value of its daily net assets. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Declaration of Trust of the Trust or a resolution of the Board, if required. If, pursuant to such provisions, the determination of net asset value of the Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets as of the close of the business day, or as of such other time as the value of the Fund's net assets may lawfully be determined, on that day. If the determination of the net asset value of the Fund has been suspended for a period including such month, your compensation payable at the end of such month shall be computed on the basis of the value of the net assets of the Fund as last determined (whether during or prior to such month).

  • Termination of the Trust The respective obligations and responsibilities of the Company, the Guarantor and the Trustee with respect to the Trust shall terminate upon distribution to all Holders of the Certificates and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property held as part of the Trust Property; provided, however, that in no event shall the Trust continue beyond one hundred ten (110) years following the date of the earliest execution of this Agreement. Notice of any termination, specifying the Regular Distribution Date (or Special Distribution Date, as the case may be) upon which the Certificateholders may surrender their Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed promptly, upon notice to the Trustee, by the Trustee to Certificateholders not earlier than the 60th day and not later than the 20th day next preceding such final distribution specifying (A) the Regular Distribution Date (or Special Distribution Date, as the case may be) upon which the proposed final payment of the Certificates will be made upon presentation and surrender of Certificates at the office or agency of the Trustee therein specified, (B) the amount of any such proposed final payment, and (C) that the Record Date otherwise applicable to such Regular Distribution Date (or Special Distribution Date, as the case may be) is not applicable, payments being made only upon presentation and surrender of the Certificates at the office or agency of the Trustee therein specified. The Trustee shall give such notice to the Registrar at the time such notice is given to Certificateholders. Upon presentation and surrender of the Certificates, the Trustee shall cause to be distributed to Certificateholders amounts distributable on such Regular Distribution Date (or Special Distribution Date, as the case may be) pursuant to Section 4.02. In the event that all of the Certificateholders shall not surrender their Certificates for cancellation within six months after the date specified in the above-mentioned written notice, the Trustee shall give a second written notice to the remaining Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. No additional interest shall accrue on the Certificates after the Regular Distribution Date (or Special Distribution Date, as the case may be). In the event that any money held by the Trustee for the payment of distributions on the Certificates shall remain unclaimed for two years (or such lesser time as the Trustee shall be satisfied, after sixty days' notice from the Company, is one month prior to the escheat period provided under applicable law) after the final distribution date with respect thereto, the Trustee shall pay to each Loan Trustee the appropriate amount of money relating to such Loan Trustee and shall give written notice thereof to the related Owner Trustees and the Company.

  • TERMINATION OF THE OFFERING The undersigned understands that the Company may terminate the offering at any time and for any reason. If the offering is so terminated, and the Company is holding subscriptions that have not been accepted by an authorized representative of the Company, together with the un-accepted subscription agreements, then in that event the subscriptions so held shall be returned without any interest earned thereon.

  • Compensation of the Investment Adviser Neither the Investment Adviser nor any affiliate of the Investment Adviser will act as principal or receive directly or indirectly any compensation in connection with the purchase or sale of investment securities by the Trust, other than the compensation provided for in this Section and such brokerage commissions as are permitted by the 1940 Act, it being contemplated that WPG will act as principal broker for the Trust in U.S. securities transactions.

  • Compensation of the Advisor Each Fund agrees to pay to the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor pursuant to this Agreement, a fee accrued daily and paid monthly in arrears at an annual rate listed in Appendix A with respect to the Fund’s average daily net assets. For any period less than a month during which this Agreement is in effect, the fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be. The fee payable to the Advisor under this Agreement will be reduced to the extent required by any expense limitation agreement. The Advisor may voluntarily absorb certain Fund expenses or waive all or a portion of its fee.

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