Change in Use. If the Fund's purpose ever becomes impracticable or the Grant cannot be used in the manner set forth in this Agreement, the funds, and income earned thereon, not expended or committed for the purposes of the Grant must be repaid to the Foundation or its legal successor or successors in interest unless the Foundation authorizes an alternate use in writing. If at such time the Foundation is not in existence and has no legal successor, then the Grantee's Board of Directors has authority to direct the Fund to be used for such purposes as it deems consistent with the original intent of the Foundation.
Appears in 2 contracts
Sources: Grant Agreement, Grant Agreement