VARIANCE POWER definition

VARIANCE POWER. The Fund is protected from obsolescence. The Foundation’s Board of Directors has the authority to modify any restriction or condition on the distribution of funds for any specified charitable purposes if in the sole judgment of the board, such restrictions or conditions become, in effect, unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community or area being served. This provision is consistent the Foundation Board’s variance power as set forth in tax regulations, 1.170A-9(e)(11)(V)(B), (C) and (D). FUND NOT A SEPARATE TRUST: The assets of the Fund shall be the assets of the Foundation and not a separate trust. The Fund shall be organized and administered so that the Federal Income Tax status of the Foundation as a public charitable organization under Section 501(c)(3) of the Internal Revenue Code, as amended, will not be adversely affected. This Agreement will be interpreted in a manner consistent with the Federal Income Tax provisions and regulations that govern the operation of the Foundation and it may be amended from time to time by the Foundation’s Board to conform to such provisions and regulations. IRREVOCABLE GIFT: The Donors understand and declare that this donation is absolute and irrevocable and that, after the execution of this instrument, the Donors have no right, title, interest, or incidents of ownership in the Property or any additional property contributed to this Fund. The parties hereto have executed this agreement in duplicate as of the date and year first written above. BY: BY: Donor CEO, Whatcom Community Foundation
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VARIANCE POWER. The Board of Trustees shall have the power to modify any donor recommendation, restriction or condition on the distribution of funds for any specified charitable purpose or to specified organizations, if in the Board’s sole judgment (without the approval of any trustee, custodian or agent), such restriction or condition becomes, in effect, unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community served. AGREED: Date Xxxx X. Xxxxx Date Xxxx X. Xxxxx COMMUNITIES FOUNDATION OF TEXAS: Date Xxxxxx Xxxxx Xxxxx, Chief Relationship Officer EXHIBIT A COMMUNITIES FOUNDATION OF TEXAS FUND ADMINISTRATION GUIDELINES In order for Communities Foundation of Texas (“CFT”) to provide exemplary service, act as a wise steward of resources, and serve as a trusted partner for community knowledge and collaboration with the funds under its control, all Donor(s) must agree with the following terms:
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VARIANCE POWER. All funds established at WCCF are subject to WCCF’s “Variance Power.” The Variance Power gives WCCF’s Board the authority to modify any restriction or condition on the distribution of funds for any qualified specified purposes or to specified organizations if in the sole judgment of the Board (without the necessity of approval of any other trustee, custodian, or agent of WCCF), the restriction or condition becomes, in effect, unnecessary, incapable of fulfillment, or inconsistent with the WCCF’s charitable purposes and the needs of the community. By signing this New Fund Agreement, each donor agrees that the Board may exercise its Variance Power with respect to the donor’s fund.
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Examples of VARIANCE POWER in a sentence

  • VARIANCE POWER Distributions from all funds are subject to the Foundation’s variance power which gives the Foundation the power to modify any restriction or condition on the distributions from a fund for any specified charitable purpose or to any specified charitable organization if, in the sole judgment of the Foundation, such restriction or condition becomes unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the community or area served.

  • VARIANCE POWER All funds established at the Foundation are subject to the Foundation’s “variance power,” as set forth in its Bylaws.

  • VARIANCE POWER As required by law, all assets contributed to funds become irrevocable gifts to CFNJ, and legal control and responsibility for the funds rest with CFNJ.

  • VARIANCE POWER CFAAC is committed to abiding by the wishes of the donor of each gift to CFAAC.

  • VARIANCE POWER Distributions from all funds are subject to the Foundation’s variance power which gives the Foundation the power to modify any restriction or condition on the distribution from a fund for any specified charitable purpose or to any specified charitable organization if, in the sole judgement of the Foundation, such restriction or condition becomes unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the community or area served.

  • Gridcore shall make sure that such measures are made on time and in way so that the disturbance can be limited.

  • VARIANCE POWER: Should the purposes for which the Fund was created ever become obsolete, inconsistent with the charitable needs of the community or incapable of fulfillment, as determined by the Foundation, the Foundation’s Governing Board (the “Board”) shall have the power and authority to modify any restriction or condition on the distribution of funds set forth in this Agreement.

  • SECTION 4.2 MONITORING FUNCTION AND VARIANCE POWER The Board of Directors shall periodically evaluate all Field of Interest Funds.

  • As described in the Testing Methodology, each of the three test runs was completed in speech-only and button-when-possible variations.

  • SECTION 8.3 MONITORING FUNCTION AND VARIANCE POWER The Siouxland Community Foundation will monitor the performance of the recipient charitable organizations to determine that grants from the fund are used for purposes intended, are consistent with the Foundation's charitable purposes, and the Donor(s) intent as stated in the Fund Agreement.


More Definitions of VARIANCE POWER

VARIANCE POWER. The Fund is protected from obsolescence. The Foundation’s Board of Directors has the authority to modify any restriction or condition on the distribution of funds for any specified charitable purposes if in the sole judgment of the board, such restrictions or conditions become, in effect, unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community or area being served. This provision is consistent the Foundation Board’s variance power as set forth in Treasury regulations, §1.170A-9(f)(11)(V)(B). FUND NOT A SEPARATE TRUST: The assets of the Fund shall be the assets of the Foundation and not a separate trust. The Fund shall be organized and administered so that the Federal Income Tax status of the Foundation as a public charitable organization under Section 501(c)(3) of the Internal Revenue Code, as amended, will not be adversely affected. This Agreement will be interpreted in a manner consistent with the Federal Income Tax provisions and regulations. The parties hereto have executed this agreement in duplicate as of the date and year first written above. BY: BY: Representative President & CEO Organization CEO, Whatcom Community Foundation
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Related to VARIANCE POWER

  • Active Power has the meaning given to it in the Grid Code;

  • Reactive Power means the wattless component of the product of voltage and current, which the Facility shall provide to or absorb from the Grid System within the Technical Limits and which is measured in MVAR;

  • net power means the power obtained on a test bench at the end of the crankshaft or its equivalent at the corresponding engine or motor speed with the auxiliaries, tested in accordance with Annex XX (Measurements of net power and the maximum 30 minutes power of electric drive train), and determined under reference atmospheric conditions;

  • Final permit means the version of a permit issued by the Department that has completed all review procedures required by Chapter 14, and for a Class I permit, Chapter 13.

  • Title V operating permit means a permit issued under Chapter 3745-77 of the Administrative Code.

  • Operating Permit means a permit issued pursuant to section 10 of this local law. The term “Operating Permit” shall also include an Operating Permit which is renewed, amended or extended pursuant to any provision of this local law.

  • Fixed wing turbine powered aircraft means an aircraft that:

  • Station Power means energy used for operating the electric equipment on the site of a generation facility located in the PJM Region or for the heating, lighting, air-conditioning and office equipment needs of buildings on the site of such a generation facility that are used in the operation, maintenance, or repair of the facility. Station Power does not include any energy (i) used to power synchronous condensers; (ii) used for pumping at a pumped storage facility; (iii) used in association with restoration or black start service; or (iv) that is Direct Charging Energy. Surplus Interconnection Customer:

  • Minister for Minerals and Energy means the Minister in the Government of the State for the time being responsible for the administration of the Mining Act;

  • Limited lines producer means a person who sells, solicits, or negotiates limited lines insurance.

  • maximum net power means the highest value of the net power on the nominal full-load power curve for the engine type;

  • second authority means the authority to which a mover is liable to make payments for the new dwelling;

  • Variance means a grant of relief from the requirements of this chapter which permits construction in a manner that would otherwise be prohibited by this chapter.

  • Variance Report shall have the meaning assigned to such term in Section 5.01(g).

  • Road authority means each governmental agency with jurisdiction over public streets and highways. Road authority includes the department, any other state agency, and intergovernmental, county, city, and village governmental agencies responsible for the construction, repair, and maintenance of streets and highways. When a street railway operates or seeks to operate a street railway system over public streets and highways over which more than 1 road authority possesses jurisdiction, road authority includes each road authority with jurisdiction over public streets and highways upon which the street railway operates or seeks to operate a street railway system.

  • resolution power means a power referred to in Articles 63 to 72;

  • prescribed authority means the authorities specified in Rule 12 of Plastic Waste Management and Handling Rules, 2016, and Commissioner, Municipal Corporations, Chief Executive Officer/Executive Officer, Urban Local Bodies ;

  • relevant power means any power, whether exercisable by voting or otherwise and whether excisable alone or in association with others-

  • Authorizations means all licenses, permits and approvals required by any governmental or quasi-governmental agency, body or officer for the ownership, operation and use of the Property or any part thereof.

  • PAL permit means the major NSR permit, the minor NSR permit, or the State operating permit under a pro- gram that is approved into the State Implementation Plan, or the title V permit issued by the Administrator that establishes a PAL for a major sta- tionary source or a GHG-only source.

  • Lead Authority means a local authority in Wales acting as the Lead Regional Transport Authority for one or more of its Constituent Local Authorities;

  • Market power means the ability to impose on customers a sustained price for a product or service above the price that would prevail in a competitive market.

  • Sell Authorization means that Partner needs to meet specific training and qualification requirements for the products included in an “On Premise” Product Family that Partner wants to resell as set out in detail in the PartnerEdge Program Guide and the applicable RSPI.

  • Minister for the Environment means the Minister to whom the Governor has for the time being committed the administration of the EP Act;

  • Individual permit means a permit issued to a named permittee under section 22a-430 of the General Statutes.

  • Planning Permission means any permission, consent or approval given under the Planning Acts;